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CORRECTION - XCharge's GridLink Achieves Landmark Certification in the US, Setting New Standards for Safety and Efficiency

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XCharge (NASDAQ: XCH) has announced that its GridLink system has received UL 1973 and UL 9540A certifications in the United States, marking significant safety and efficiency achievements. The system features advanced fire safety measures, including built-in fire suppression water tanks and IP65-rated sealing.

Key innovations include a DC high-voltage air conditioning system that delivers 2% greater efficiency than traditional AC systems, and a four-dimensional safety monitoring system detecting electricity, infrared light, heat, and gases. GridLink's bidirectional converter complies with UL 1741 for U.S. grid integration.

The system's modular design enables individual battery pack replacement, reducing maintenance costs while extending lifecycle. These certifications position GridLink as a leading solution in the U.S. energy storage market, emphasizing safety, efficiency, and grid compliance.

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Positive

  • Achieved key US certifications (UL 1973, UL 9540A) enhancing market credibility
  • DC high-voltage air conditioning system delivers 2% efficiency improvement
  • Advanced safety features including fire suppression and four-dimensional monitoring
  • Modular design reduces maintenance costs and extends product lifecycle

Negative

  • None.

Insights

XCharge's GridLink certification under UL 1973 and UL 9540A represents significant technical validation in a market where safety concerns have hampered energy storage adoption. The built-in fire suppression water tanks in each battery cabinet address thermal runaway - the primary failure mode that has plagued numerous energy storage installations.

The DC high-voltage air conditioning system's 2% efficiency improvement over conventional AC systems may seem modest but translates to substantial operational savings at scale. For grid-scale deployments, this efficiency gain compounds into meaningful cost advantages over the 10+ year operational lifecycle typical for such systems.

What truly differentiates GridLink is its comprehensive four-dimensional safety monitoring system. By simultaneously tracking electrical anomalies, infrared signatures, temperature variations, and gas emissions (hydrogen/CO2), the system creates multiple safety layers that substantially reduce catastrophic failure risks.

The modular battery architecture enabling individual pack replacement addresses a critical industry pain point: the need to replace entire systems when only a small percentage of cells degrade. This approach substantially improves total cost of ownership metrics while extending system lifespans.

These technical achievements collectively position GridLink as a competitive offering in the US energy storage market where proven safety features increasingly drive procurement decisions.

The UL certifications secured by XCharge's GridLink represent mandatory prerequisites for US market entry rather than optional enhancements. These certifications effectively remove the primary regulatory barrier to commercialization in what has become an increasingly compliance-focused market.

UL 1973 specifically evaluates battery system safety under both normal and abnormal conditions, while UL 9540A tests thermal runaway propagation resistance - critical following several high-profile energy storage fires that have heightened scrutiny from authorities having jurisdiction (AHJs).

The IP65 rating further validates protection against environmental factors, expanding deployment versatility across varied installation environments. Meanwhile, the UL 1741 compliance for GridLink's bidirectional converter confirms grid interconnection readiness - without which utilities would reject integration regardless of other performance metrics.

For XCharge, these certifications substantially reduce project approval timelines with local permitting authorities who rely on UL standards as verification of safety compliance. The regulatory achievement also satisfies insurance underwriter requirements that have become increasingly stringent for energy storage projects.

While certification itself doesn't guarantee commercial success, it removes a significant hurdle that prevents many international manufacturers from accessing the US energy storage market, giving XCharge a meaningful competitive opportunity.

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HAMBURG, Germany, April 01, 2025 (GLOBE NEWSWIRE) -- XCHG Limited (“XCharge” or the “Company”), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced that its innovative GridLink system has received prestigious certifications in the United States, including UL 1973 and UL 9540A. These certifications represent the benchmarks for safety, efficiency, and grid compliance, reinforcing GridLink’s position in the energy storage market.

Advanced Fire Safety Measures and Compliance

GridLink’s certification under UL 1973 and UL 9540A underscores its exceptional safety standards. The system incorporates advanced fire safety measures, including built-in fire suppression water tanks in each battery cabinet, to prevent thermal runaway and protect individual battery packs. Additionally, the system’s IP65-rated sealing and UL 9540A certification provide robust protection against environmental factors.

To meet U.S. grid interconnection standards, GridLink’s bidirectional converter complies with UL 1741, ensuring seamless integration with the nation’s energy infrastructure. These certifications collectively highlight the Company’s commitment to delivering safe and reliable solutions for the evolving energy landscape.

DC High-Voltage Air Conditioning: A Breakthrough in Efficiency

GridLink introduces a DC high-voltage air conditioning system that achieves 2% greater efficiency than conventional AC-based systems while adapting to various voltage ranges across the United States. This innovative approach not only reduces energy consumption but also enhances overall system performance, aligning with the growing demand for sustainable and efficient energy solutions.

Comprehensive Safety Monitoring and Dual Electrical Protection

GridLink’s four-dimensional safety monitoring system provides unparalleled oversight, detecting potential risks, including electricity, infrared light, heat, and gases such as hydrogen and carbon dioxide. The system’s dual electrical protection—combining active and passive measures—ensures rapid automatic disconnection of the main circuit under critical conditions, safeguarding both users and infrastructure.

Modular and Flexible Design for Long-Term Reliability

GridLink’s modular design allows for the seamless replacement of individual battery packs, reducing maintenance costs and extending the system’s lifecycle. With certified battery cells, GridLink delivers enhanced safety and reliability, further solidifying its position as a cutting-edge energy storage solution.

"Achieving these certifications is a testament to GridLink's quality and innovation," commented Aatish Patel, President of XCharge. "The rigorous standards validate our commitment to safety, efficiency, and grid compliance, setting a new benchmark for the industry. GridLink's proprietary technologies and modular design reflect our dedication to pioneering solutions that meet the dynamic needs of the energy market."

GridLink’s certification marks a significant milestone for XCharge’s expansion in the U.S. market. By ensuring superior safety, grid compliance, and operational efficiency, GridLink represents a leap forward in energy storage and grid integration, paving the way for a more sustainable and resilient energy future. As always, XCharge remains committed to leading and fostering growth through innovation and leveraging technology to enhance safety while building a global green future.

About XCharge

XCharge, founded in 2015, is a global leader in integrated EV charging solutions. The Company offers comprehensive EV charging solutions which primarily include the DC fast chargers, the advanced battery-integrated DC fast chargers, as well as its accompanying services. Through the combination of XCharge’s proprietary charging technology, energy storage system technology, and accompanying services, the Company enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working towards establishing a global green future that is critical to long-term growth and development.

For more information, please visit: https://investors.xcharge.com/

Safe harbor statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and the company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

XCharge
IR Department
Email: ir@xcharge.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Jenny Cai
Tel: +86 (10) 6508-0677
Email: XCharge@tpg-ir.com


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