Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in
direct current (DC) fast chargers for electric vehicles (EVs),
today announced that the company will provide all fast chargers for
the State of Hawai’i’s first round of National Electric Vehicle
Infrastructure (NEVI) Formula Program funding. The company believes
Tritium is now the first manufacturer to secure a fast charger
order through NEVI program funding.
To commemorate this milestone, executives from Tritium, along
with project partners Sustainability Partners and National Car
Charging, will join officials from the White House, Joint Office of
Energy and Transportation, and Hawai’i Department of Transportation
(HDOT) for a virtual discussion today about the future of
e-mobility nationwide and how partnerships like theirs are paving
the way for a more sustainable future.
“Hawai’i is recognized nationwide and around the world for its
commitment to sustainability and has long been at the forefront of
the e-mobility transition,” said Tritium CEO Jane Hunter. “We’re
not surprised to see the state act so quickly to ensure their
community benefits from the emissions reductions that a rapid
technology transition to electric vehicles secures. The NEVI
funding is designed to ensure this transition occurs quickly and
equitably, and Tritium is pleased to partner with the state and its
representatives to bolster Hawai’i’s EV charging
infrastructure.”
In September 2022, the Federal Highway Administration approved
Hawai’i’s Electric Vehicle Infrastructure Deployment Plan, granting
the state access to $2.6 million of NEVI funding in FY2022. As part
of their NEVI deployment plan, HDOT is utilizing its existing
contract with Sustainability Partners, a public benefit company
mandated to form reliable and enduring partnerships with public
institutions for the advancement of their critical
infrastructure.
HDOT is using the initial round of NEVI funding to procure eight
Tritium NEVI systems, totaling 32 PKM150 (150kW) chargers and 16
power units. The chargers were procured for HDOT by Sustainability
Partners from Aloha Charge, a National Car Charging company, and
will be equipped with software developed by EV Connect, an EV
charging management solutions provider. These fast chargers are
expected to be among the first funded and installed under the NEVI
program.
Established through the Bipartisan Infrastructure Law, NEVI will
provide $5 billion over five years to support the development of EV
charging infrastructure across the nation’s highways, including
almost 1000 miles of roadway in Hawai’i. It’s estimated that the
state will receive a total of $17.6 million in funding throughout
the duration of the NEVI Formula Program.
“Hawai’i is committed to leading the nation in our e-mobility
transition and grateful for Tritium’s partnership in this effort,”
said Hawai’i Department of Transportation Director Edwin Sniffen.
“We’re confident that Tritium’s chargers will provide the fast and
reliable service Hawai’i needs as we bolster our EV infrastructure
statewide.”
In March, Tritium announced that its NEVI-compliant charging
system is available for purchase. Each charger on the company’s
system provides 150kW of power to an EV through a reliable and
modular fast-charging system. Thanks to multiple chargers and power
rectifier units, the Tritium NEVI solution provides backup charger
availability for high reliability and site uptime.
“The State of Hawai’i has long been dependent on petroleum for
their energy supply, but with this new influx of DC fast-charging
infrastructure, we are paving the way for a significant shift in
their energy mix and a substantial leap towards greater energy
independence,” said Mike Calise, Tritium’s President of the
Americas. “NEVI has created an unprecedented opportunity for states
across America to revolutionize their EV charging infrastructure.
By creating more equitable access to fast chargers, we are not only
shaping a sustainable and resilient future for American
communities, but also driving a nationwide transformation towards
clean transportation.”
During the initial NEVI program phase, HDOT will install
charging facilities along the designated Alternative Fuel
Corridors.
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.
About Sustainability Partners
Sustainability Partners, LLC (SP) is a public benefit company
that forms enduring partnerships with public entities for the
advancement of their essential infrastructure. SP converts
infrastructure to a monthly usage-based utility service with its
innovative model, Infrastructure as a Service®. SP offers any
combination of funding, including supplementary and match funding
for NEVI program initiatives, in addition to project facilitation
and ongoing care to keep essential infrastructure reliable, safe,
and improving forever.
For more information, please visit
www.sustainability.partners.
About Aloha ChargeAloha Charge, a fully owned
subsidiary of National Car Charging (NCC), is a Honolulu-based EV
charging hardware and software reseller whose mission is to easily
facilitate the transition to electric vehicles. Aloha Charge offers
the most reliable EV charging products and services on the market.
Collectively, Aloha Charge and National Car Charging are the
largest independent EV charging reseller nationwide managing 8,000+
ports across 48 states, 1100 clients and dozens of business
channels.
For more information, please visit alohacharge.com or
nationalcarcharging.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/60355d2c-b017-4135-8bfc-96fda6ae5380
Tritium DCFC (NASDAQ:DCFCW)
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Tritium DCFC (NASDAQ:DCFCW)
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