Tritium Announces First NEVI-Compliant Product Offering, Facilitating E-Mobility Transition Nationwide
30 3월 2023 - 8:00PM
Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in
direct current (DC) fast chargers for electric vehicles (EVs),
today announced it is now accepting orders for the company’s first
product offering for the National Electric Vehicle Infrastructure
(NEVI) Formula Program. The charging system will include four of
Tritium’s 150kW PKM150 charging stations, along with two power
rectifiers.
“The NEVI program has opened up an unprecedented
opportunity to advance the e-mobility transition in the United
States, leading to a manufacturing boom in the country,” said
Tritium CEO Jane Hunter. “As we continue to scale production at our
Tennessee facility, Tritium is proud to deliver a product that
allows states to put these funds to use and provide U.S. drivers
with the EV infrastructure they need. As the demand for reliable
and accessible fast charging continues to grow across the country,
Tritium will remain an industry leader, providing innovative and
effective product solutions.”
President Biden established the NEVI program upon signing the
Bipartisan Infrastructure Law in 2021. The NEVI program provides $5
billion in funding over five years to help build a coast-to-coast
network of qualifying DC fast chargers.
Last September, the Federal Highway Administration (FHWA)
approved the Electric Vehicle Infrastructure Deployment Plans for
all 50 states, Washington DC, and Puerto Rico, granting them access
to FY22 and FY23 NEVI funding. Ohio, Pennsylvania, Colorado,
Alaska, and Hawaii have begun to allocate their first rounds of
NEVI funding, and most other states are anticipated to provide
access to funding in 2023. This initial round of funding totals
more than $1.5 billion to help build EV chargers covering
approximately 75,000 miles of federal highway nationwide.
Yesterday, Tritium had the pleasure of welcoming White House
Senior Advisor and Infrastructure Coordinator Mitch Landrieu to our
Tennessee facility. Mr. Landrieu was given a tour of our
state-of-the-art factory and engaged in a productive roundtable
discussion with Tritium leadership and state and local officials.
The discussion covered topics such as workforce development needs
and opportunities in Middle Tennessee to further advance the
e-mobility sector, as well as the Bipartisan Infrastructure Law and
how the NEVI program is creating manufacturing opportunities across
the country, including for companies like Tritium.
Tritium’s first NEVI product is expected to achieve the FHWA’s
Build America, Buy America Act waiver milestones, which includes
two phases announced by the FHWA last month. First, starting March
23, 2023, manufacturers were required to conduct final assembly and
all manufacturing processes for any iron or steel charger
enclosures or housing in the United States. By July 2024,
manufacturers must also domestically source at least 55% of the
cost of components used in charging equipment.
Tritium’s NEVI charging system delivers 150kW of power to four
EVs simultaneously through a reliable and modular fast charger
system. Thanks to multiple chargers and power rectifier units, the
Tritium NEVI solution provides high site reliability and
uptime.
“Tritium's first NEVI-compliant product is a
testament to our dedication to delivering comprehensive solutions
for our U.S. customers,” said Mike Calise, Tritium President of the
Americas. “Our new charging system is designed to achieve NEVI
program requirements, demonstrating our commitment to advancing the
U.S. e-mobility transition and helping charging site operators meet
the NEVI program's 97% uptime requirement. As the industry
continues to grow, Tritium is proud to lead the way with
cutting-edge products and unparalleled customer service.”
Tritium expects to expand its offerings for the Bipartisan
Infrastructure Law programs, including the NEVI program and
Charging and Fueling Infrastructure (CFI) discretionary grant
program, as the company’s new products enter the market.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC) designs and manufactures
proprietary hardware and software to create advanced and reliable
DC fast chargers for electric vehicles. Tritium’s compact and
robust chargers are designed to look great on Main Street and
thrive in harsh conditions, through technology engineered to be
easy to install, own, and use. Tritium is focused on continuous
innovation in support of our customers around the world.
For more information, visit tritiumcharging.com
Forward Looking Statements
This press release includes “forward-looking statements.” The
Company’s actual results may differ from its expectations,
estimates and projections and consequently, you should not rely on
these forward-looking statements as predictions of future events.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believe,” “predict,” “potential,” “continue,” “aim” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, the Company’s expectations, hopes, beliefs, intentions
or strategies for the future. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. You
should carefully consider the risks and uncertainties described in
the documents filed by the Company from time to time with the U.S.
Securities and Exchange Commission. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Most of these factors are
outside the Company’s control and are difficult to predict. The
Company cautions not to place undue reliance upon any
forward-looking statements, including projections, which speak only
as of the date made. The Company does not undertake or accept any
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Media ContactsJack
Ulrichmedia@tritiumcharging.com
Investor ContactCary
Segallir@tritiumcharging.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/822f9219-601e-4cfa-8d9e-17ddfbe39bca
Tritium DCFC (NASDAQ:DCFCW)
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