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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Installation of the Month (July 2022): Kenwood Inn & Spa

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EVCS –– Fast Charging Network Operator –– Doubles Down on Expansion Plan With New Chief Growth Officer Kirk Johnson

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EVCS Raises $68.8 Million to Accelerate Expansion of West Coast EV Fast Charging Network

LOS ANGELES – July 6, 2022 — EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, today announced the completion of a $68.8 million funding raise, comprised of a $50 million debt facility from Spring Lane Capital, and a Series A equity investment of $18.8 million co-led by Abdo Partners, Spring Lane Capital and the Copulos Group, an Australian Private Global Investor. Jett Capital Advisors also provided investment banking advisory services in support of the equity capital raise. The capital raised will support EVCS’ rapid expansion into 35+ new cities across California and Washington as well as increase charger density in its existing communities. EVCS plans to more than double its network footprint to nearly 1,500 chargers by 2023.

Installation of the Month (June 2022): KPC Anaheim Global Medical Center

“For us, healthcare is not only about caring for our patients, but also about investing in the people who live in our communities.” These are the words emblazoned across the home page of the KPC Anaheim Global Medical Center’s website. Facilities like these are attractive partners for us because, like us, their goal is the betterment of humanity. In fact, just replace “healthcare” with “electric mobility” and “patients” with “planet,” and you have the EVCS mission statement in a nutshell. Allying with kindred spirits creates a natural synergy for us through the sharing of core values like customer service and an improved quality of life. Imagine then our excitement when KPC decided to install four of our newest DC fast chargers on their Anaheim property, giving us the opportunity to continue expanding our network southward.