ChargePoint Extends Leadership in NEVI Funded EV Fast Charging Awards
July 18 2024 - 8:00AM
Business Wire
ChargePoint (NYSE: CHPT), a leading provider of networked
charging solutions for electric vehicles (EVs), today announced
continued leadership in enabling DC fast charging at National
Electric Vehicle Infrastructure (NEVI) program funded locations.
Two newly opened ChargePoint sites along Interstate 95 in Rhode
Island make it the first state in the nation to complete Phase 1 of
the NEVI program.
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ChargePoint and its partners continue to
lead the industry in enabling NEVI-funded fast-charging sites along
major highways across the United States. (Photo: Business Wire)
NEVI is the Infrastructure Investment and Jobs Act’s (IIJA) $5
billion electric vehicle infrastructure bill, designed to make
ultra-fast charging accessible and reliable across U.S. highways.
ChargePoint continues to be an EV charging industry leader in
receipt of NEVI awards, with 40% of U.S. states announcing their
awards to date. The Company and its partners have been selected for
awards at more than 125 sites. These sites total $75 million in
proposed grant funding and represent nearly 600 fast charging ports
across 20 U.S. states that have announced NEVI awards to date.
“ChargePoint and its partners continue to lead the industry by
enabling the most NEVI-funded fast charging locations along major
U.S. highways,” said Anne Smart, Vice President, Public Policy at
ChargePoint. “Together with our partners, we are enabling
accessible, reliable fast charging solutions across the U.S.,
ensuring all EV drivers can access charging when and where they
need it.”
"The completion of NEVI Phase 1 marks a milestone moment in
Rhode Island's commitment to a greener and more sustainable
future," said Governor Dan McKee. "By creating the infrastructure
for cleaner transportation alternatives, we're not only working
towards our Act on Climate goals but leading the charge to decrease
our carbon footprint. I'm grateful to the private and public
partners who came together on this project that demonstrates our
state’s continued commitment to enhancing our state’s EV charging
infrastructure and the green economy."
All of the NEVI sites awarded to ChargePoint customers or
partners feature ChargePoint Express Plus charging stations, a
modular DC fast charging platform capable of delivering charge
speeds up to 500kWh. Express Plus configurations include cable
options for the most prevalent CCS connector, and the NACS
connector more commonly associated with Tesla vehicles. Express
Plus combines with ChargePoint’s innovative software to charge
every make and model of electric vehicle available today. The
charging platform can simultaneously ultra-fast charge two vehicles
from the same charging station, and uses a proprietary technology
to sustain peak charging speeds, enabling an EV driver to charge
and go without unanticipated delays.
Forward Looking Statement
This release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995
relating to, among other things, the total number and value of NEVI
grants awarded to ChargePoint and its partners. Forward-looking
statements include statements regarding ChargePoint’s expectations,
beliefs, intentions or strategies regarding the future, and can be
identified by forward-looking words such as “anticipate,”
“believe,” “could,” “continue,” “estimate,” “expect,” “intend,”
“may,” “should,” “proposed,” “will” and “would” or similar words.
These forward-looking statements involve risks, uncertainties, and
assumptions, including risks associated with program implementation
that may be associated with construction, permitting, site
development, and electrical installation delays, the ongoing
availability or potential expiration of the IIJA due to regulatory
or legislative policy, or ongoing program participation by
ChargePoint partners and charging sites. Additional risks and
uncertainties are included in the “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” sections in ChargePoint’s Form 10-Q filed with the
Securities and Exchange Commission (“SEC”) on June 6, 2024, which
is available on ChargePoint’s website at investors.chargepoint.com
and on the SEC’s website at www.sec.gov. Forward-looking statements
are not guarantees of future performance and actual results could
differ materially from those expressed or implied by the statements
made herein. All forward-looking statements in this press release
are based on information available as of the date hereof and
ChargePoint assumes no obligation to revise or update any
forward-looking statements for any reason, except as required by
law.
About ChargePoint Holdings, Inc.
ChargePoint has been an innovator of all things EV charging
since 2007, before the first mass market electric vehicle was on
the road. ChargePoint offers solutions for the entire EV ecosystem
including drivers, charging station owners, vehicle manufacturers
and others. Accessible and reliable, ChargePoint’s portfolio of
software, hardware, and services enables a seamless experience for
drivers across North America and Europe. With ChargePoint, every
driver who needs to charge can do so, accessing more than 1 million
places to charge globally. ChargePoint has powered more than 10
billion electric miles and will continue to innovate as part of a
mission to lower global emissions while improving the future of
transportation. For more information, visit the ChargePoint
pressroom, the ChargePoint Investor Relations site, or contact the
ChargePoint North American or European press offices or Investor
Relations.
CHPT-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20240717761690/en/
ChargePoint John Paolo Canton Vice President,
Communications JP.Canton@chargepoint.com AJ Gosselin Director,
Corporate Communications AJ.Gosselin@chargepoint.com
media@chargepoint.com Patrick Hamer Vice President, Capital Markets
and Investor Relations Patrick.Hamer@chargepoint.com
investors@chargepoint.com
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