Wunsiedel

Pioneering municipal service company introduces e-charging through outcomes-based smart finance

Developing and extending a pioneering self-sufficiency energy strategy into e-charging

Not all innovative approaches to renewable and clean energy strategies are developed on the national and macro scale.

Service company SWW Wunsiedel GmbH has had a long association with Siemens as it has built its innovative and adaptive model for local energy generation and distribution.

The municipality is a microcosm of the comprehensive overhaul of Germany’s energy system and, despite its size, the small town is a trailblazer when it comes to the distribution grid.

Our vision is one of energy self-sufficiency (decoupling from the national and international energy market) and e-charging is one component in that vision.
Marco Krasser, Managing Director, SWW Wunsiedel

SWW Wunsiedel GmbH has a main strategy which links all aspects of energy generation and distribution for optimal operational efficiency. In its latest development phase, the company wanted to add the early phases of an e-charging infrastructure, but to finance it in a way that aligned with earnings from the charging points. A smart financing arrangement was needed to avoid tying up precious capital.

The smart financing arrangement with Siemens meant that revenues from the e-charging units were aligned with our regular payments, making the process cash-flow friendly
Marco Krasser, Managing Director, SWW Wunsiedel

Smart financing arrangement – removes the need for capital outlay

To help the company realise its ambitions, Siemens Financial Services created a payment plan for the charging units which was designed to fit the projected cash-flow from the chargers. eChargers from Siemens for electric cars were installed. At the same time, payments were aligned to the projected income from charging units so that benefits are accrued at the same rate as payments. The cost to SWW Wunsiedel GmbH for implementing electric car charging units has been spread over time to minimize cash-flow impact.

The charging stations in the municipality, supported by a smart financing model, show that e-mobility does not have to remain a future dream in rural areas such as ours.
Marco Krasser, Managing Director, SWW Wunsiedel

An expert financing partner

Such smart financing arrangements are possible because Siemens Financial Services has the technology and sector expertise that allows it to craft sympathetic and aligned financing arrangements.

 

In fact, the charging units could be implemented quickly and affordably with a smart financing partner like Siemens who can deliver tailor-made solutions.

Technology specifics

The equipment:

 

  • eChargers for electric cars are supplied by Siemens
  • SICHARGE CC AC22   
  • SICHARGE CPC50CJ

 

 

 

 

e-Charging with no need for capital expenditure

 

This is how the financing arrangement works:

  • Siemens supplies the relevant technology
  • Siemens Financial Services takes over responsibility for the equipment capital cost
  • Wunsiedel pays affordable monthly instalments with no need for capital funds
  • Payments are aligned with revenues from the e-charging units
  • Financial efficiency supports fiscal responsibility for the local utility

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