The partnership will result in the install of 19 total EV chargers - including two 120kW Level 3 chargers with two charging ports each, one 180kW Level 3 charger with two charging ports, five 19.2kW Level 2 chargers, and 11 NEMA receptacles for mobile 9.6kW Level 2 chargers. Assuming the new infrastructure facilitates 60 hours of charging per week,
'At Charge, our top priority is to create a future where transportation is clean, efficient, and connected,' said
In addition to the EV chargers, Greenspeed will also install rooftop solar panels and a solar canopy over the EV charging stations. These sustainable additions are anticipated to offset 455 metric tons of Carbon Dioxide, which is equivalent to the amount of energy needed to fully power nearly 60 homes.
'This move marks a significant advancement for our strategic commitment to energy innovation and decarbonization, including the electrification transition and embrace of solar power,' said
To help demonstrate the positive long-term environmental impact of these additions, Charge plans to install an energy dashboard in the dealership's customer lounge that will display accumulated carbon emission offset data from the EV chargers and solar panels.
'As part of our current green energy initiative,
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'potential', 'continues', 'forecasts', 'projects', 'predicts', 'intends', 'anticipates', 'targets' or 'believes', or variations of, or the negatives of, such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement. Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the ability to achieve the expected benefits of the Greenspeed acquisition, including the risks that the Company's synergy estimates are inaccurate or that the Company faces higher than anticipated integration or other costs in connection with the acquisition, the business plans and strategies of Charge, Charge's ability to satisfy its debt payment obligations or extend the maturity or refinance outstanding debt at or prior to maturity, Charge's future business development, market acceptance of electric vehicles, and continued auto maker investment in electric vehicles, the success of Charge's retail dealership initiative and the size, scope and success of the related initial installation projects, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, rising interest rates, macroeconomic and geopolitical conditions, and the ongoing automotive industry labor dispute and the impact on investments by our customers, and other risks discussed in Charge's filings with the
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