EVCS Fast Charging Network to Use 100% Renewable Energy (Newsire)

One of the most common criticisms foisted on the electric mobility industry is that EVs are not technically carbon neutral since the electricity needed to power them is generated through fossil fuels, including coal and natural gas. This argument is not without merit and presents those of us in the EV infrastructure sector with yet another lofty goal – true carbon neutrality through electrical grids powered by renewable energy sources like wind and solar. And our most recent press release discusses how we at EVCS are doing just that.

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ARCADIA, Calif., April 22, 2021 (Newswire.com)

EVCS, one of the largest fast charger operators on the West Coast, proudly announced today it has contracted 100% renewable energy to power its entire fast charging network. EVCS has been contracted to install over 1,000 fast charging stations on the West Coast, home to about 50% of all EVs in the U.S., making it one of the largest fast charging networks in the country.

How does this work? EVCS contracts with its various clean energy suppliers and REC partners (renewable energy certificate) to ensure each gigawatt-hour delivered on a fast-charging network financially supports a renewable energy generator in the U.S.

EVCS is focused on purchasing a blend of wind and solar energy through its electricity suppliers and REC partners in California. There are plans to grow this initiative further as EVCS’ pool of partners becomes certified via the California Air Resources Board Renewable Energy Program. EVCS’ dedication to 100% renewable energy further supports its mission to empower drivers to join EVCS in its commitment to cleaner air for all.

In addition, EVCS offers a no-cost turn key solution to host fast charging networks to its commercial site partners. As a result of its allegiance to 100% renewable energy, EVCS customers contribute to the decarbonization of the planet. Most energy grids are currently fossil fuel-powered or draw from municipal electric grids and are indirectly contributing to carbon emissions. EVCS now provides a charging option that uses clean and renewable energy enabling drivers to join them in its environmentally conscious mission.

According to the U.S. Environmental Protection Agency, passenger cars and light-duty vehicles make up nearly 28% of all greenhouse gas emissions in the United States, making them the country’s largest contributor to greenhouse gas emissions.

“I am proud to announce EVCS’ commitment to using 100% renewable energy for our fast-charging network. Our goal has always been to create the most reliable and accessible charging infrastructure in the nation and provide drivers with an affordable and convenient charging option that does not use fossil fuels, coal, or natural gas,” said Gustavo Occhiuzzo, CEO of EVCS.

Commercial sites interested in exploring the opportunity to have fast charging stations installed at no cost should visit EVCS turn key solutions to learn more.

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EVCS Financing Inquiries:

Jett Capital Advisors – Investment Banking Division

(212) 616-0430

ib@jettcapital.com

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Recap of “Today, Explained” Podcast: It’s Electric!

Recently, we listened to Vox’s Umair Irfan discuss on his Today, Explained podcast how Norway has been trailblazing in the world of electric mobility and what strides the US can make to follow suit. We not only found the episode a fascinating exploration of how our Scandinavian friends serve as both innovators and motivators, but it elucidated ways in which EVCS can and has been working toward similar goals within the US. Below are some of the key takeaways from the podcast as well as how it relates to what we’re doing here and now.

EVCS Secures Credit Facility with Macquarie Group (Newswire)

We recently employed PR firm Firecracker to help us get the word out about all of the wonderful things EVCS is doing to make an all-electric future a reality. One major step toward this goal was our securing a credit facility that would allow for accelerated expansion of EV infrastructure, giving us confidence that the financial support required would be available when we needed it. Our PR team then went to work, drafting the following press release that outlines the particulars of this momentous achievement:

Installation of the Month (April 2021): Hilton Hotel & Plaza San Gabriel

Hilton is one of the most recognizable and respected organizations in the world. They own 18 different brands and more than 6,400 properties in 119 countries. Since 1925, they’ve been a model of the hospitality industry – synonymous with customer relations, integrity and innovation, which extends into areas like sustainability and the environment. Their website’s “Corporate Responsibility” page cites a commitment to fighting climate change, stating: “We seek to operate and grow sustainably, reducing our consumption of natural resources… We are proud to have set carbon reduction targets aligned with the Paris Climate Agreement.” And they continue to back up this commitment, including recently asking us to install EV charging banks at one of their key Los Angeles locations.

Analysis of Biden’s Infrastructure Plan

President Biden finally held his first official press conference last Thursday, March 25th, wherein he addressed his $2.2 trillion infrastructure bill, albeit from a high level that was light on details. What we do know is that the legislation will include $174 billion dedicated specifically to incentivizing EV manufacturing, the building of charging networks, tax credits for EV purchasers, and the development of alternative fuel technologies. The goal, Biden says, is to have a minimum of 500,000 EV charging stations installed across the country by 2030.

6 Reasons Why America Needs EVCS

EVCS has come a long way over a short time. In less than three years, we’ve taken a vision by company co-founders Gustavo Occhiuzzo and Ian Vishnevsky – one that incentivizes responsible mobility through increased access to charging infrastructure – and built upon it. We’ve partnered with state and local DOTs, developed advanced management software, pioneered affordable subscription charging plans, streamlined project installation processes, and reduced financial downsides while maximizing upsides for site owners, just to name a few.