Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global developer
and manufacturer of direct current (DC) fast chargers for electric
vehicles (EVs), and UK charging network evyve, have today reached a
partnership milestone, with 150 rapid chargers delivered and
installed at retail and hospitality sites across the UK, from
Eastbourne to Edinburgh.
The original purchase order for 350 Tritium fast chargers was
announced at the beginning of this calendar year. The majority of
the 150 chargers manufactured and delivered have been installed at
retail sites owned by Greene King pubs.
evyve is dedicated to helping the UK switch from internal
combustion engine (ICE) vehicles to EVs, as part of national
efforts to achieve carbon net zero by 2050. evyve’s rapidly growing
network is essential for the swift transition of the motor
industry, providing vehicle charging which is easy to use,
accessible, and reliable for Britain’s growing number of EV
drivers.
David Nicholl, Tritium Chief Sales Officer, said:
“This is a critical time for the development of the EV
infrastructure that many industries rely on. Car manufacturers need
their customers to have trust in the rapidly expanding electric
vehicle charging network, with assurance that they will have great
EV charging accessibility, convenience, and reliability.
This is another positive step and we’re
incredibly pleased to have made this progress with evyve in support
of its reliable charging network rollout and ambitions for the UK
market.”
According to recent statistics by the UK government, there was a
21% increase in the number of newly registered plug-in vehicles in
2022 compared to the previous year. By the end of December 2022,
there were over 1.1 million registered plug-in vehicles, accounting
for 2.8% of the total number of vehicles on UK roads.
James Moat, CEO of evyve, said: “We are on a
mission to drive sustainable solutions quickly and to improve the
UK’s EV infrastructure. Currently a lack of charging infrastructure
is often cited as one of the biggest barriers to EV adoption in the
UK.
As we install our 150th Tritium charger, we want
to spread awareness of our partnership and celebrate the swift
progress we are making with the deployment of Tritium fast chargers
nationwide.”
evyve reports that its network of Tritium DC fast chargers
demonstrates incredible reliability, with one of the highest uptime
rates of 98%. This uptime rate has been achieved through Tritium’s
latest generation modular chargers and is supported by a robust
service level agreement. The stations are now widely accessible in
multiple locations across the country from Eastbourne in Southern
England to Edinburgh in Northern Scotland. The 150th charger has
been installed in Bramcote, Nottingham, which is strategic to the
area and enables residents and passing visitors to recharge their
EV whilst enjoying hospitality provided at the local Greene King
pub.
About Tritium
Founded in 2001, Tritium (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 evyve – Charging Ahead
Established by EVY Infrastructure Partners and Peel NRE, part of
regeneration business Peel L&P, which is at the heart of the
nation’s activity around clean growth and a circular economy. evyve
is developing a new nationwide network of high quality fast and
ultra-fast electric vehicle (EV) charge points powered by 100%
renewable energy, providing important infrastructure to support the
growing number of electric vehicles on UK roads.
With plans for around 10,000 chargers by 2030, evyve is set to
become one of the largest EV charging networks in the UK with
facilities across key retail, food and drink, leisure and
commercial business locations throughout England, Scotland and
Wales.
For more information, visit evyve.co.uk/
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1996. 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 US
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.
Tritium Media ContactJack
Ulrichmedia@tritiumcharging.com
Tritium Investor ContactCary
Segallir@tritiumcharging.com
evyve Media ContactKaty
Davisonkdavison@peellandp.co.uk
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/19a3cf81-757b-4c87-976b-1814c4e5152c
Tritium DCFC (NASDAQ:DCFCW)
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Tritium DCFC (NASDAQ:DCFCW)
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