Tritium and EVCS to Deploy Additional 300 New Electric Vehicle Fast Chargers in California, Oregon, and Washington
July 28 2022 - 7:00AM
Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a
global leader in direct current (“DC”) fast chargers for electric
vehicles (“EVs”), is partnering with EVCS, one of the largest EV
fast-charging network operators on the West Coast, to deploy 300
new chargers across California, Oregon, and Washington. The order
consists of 300 50kW Tritium RTM fast chargers, making the total
Tritium DC fast charger contribution to the EVCS network over 800.
With more states expected to follow California’s legislation
mandating 100 percent of new vehicles sold generate zero emissions
by 2035, partnerships like this are critical to ensuring public
fast charging can meet the increased demand driven by the expected
mass consumer adoption of EVs in the coming years.
EVCS aims to enhance the accessibility of public fast charging
both by simplifying complex pricing and increasing location
coverage. With plans to reach 1,500 chargers by the end of 2023,
EVCS’s carbon neutral network and unlimited subscription charging
plan will provide an increasing number of public charging options
and significant savings to EV drivers.
“EVCS is excited to expand its partnership with Tritium to
install more than 300 Tritium DC fast chargers on the West Coast by
mid-2023,” said Gustavo Occhiuzzo, CEO and founder of EVCS.
“Tritium’s versatile catalog of fast charging stations has allowed
EVCS to rapidly become one of the fastest-growing owner-operators
of DC fast chargers on the West Coast, home to almost 50% of all
EVs in the U.S.”
In November 2021, Tritium and EVCS announced an agreement
to add over 500 DC fast chargers to EVCS’s network, many of which
have already been installed as a part of the upgrade of the West
Coast Electric Highway. Building on this initial investment, the
new fast chargers will be installed in high-traffic areas,
including retail locations and transit centers, underserved
communities where access to chargers is limited, and near highways
and tourist centers. The collaboration significantly contributes to
EVCS’s network growth, with plans to extend service to more than 35
new cities across California, Oregon, and Washington as well as
increase charger density in existing EVCS communities.
“EV charging infrastructure is growing at an unprecedented rate
in the US, and it’s critical that this rollout provides drivers
with equitable access to public fast charging,” said Tritium CEO
Jane Hunter. “Through our work with EVCS, we’re proud to help
democratize the EV charging experience to provide greater
accessibility to all current and future EV drivers. We’re excited
to be part of this technology revolution and to support the growth
of our long-term customer and partner, EVCS.”
Tritium recently unveiled a new project with the Motor Fuel
Group Forecourt Network that would deploy over 100 DC fast chargers
in the United Kingdom and overall support the country in the
movement toward a cleaner environment. The Company also announced
its largest global manufacturing facility will open in Tennessee,
gaining the attention of President Joe Biden, and has achieved
several significant partnerships with industry leaders, including
BP, Shell, Wise EV, and Osprey. Earlier this month, EVCS announced
a new raise of $68.8 million that will go toward helping the
company expand its charging network services throughout the West
Coast and ultimately assist EVCS in achieving its goal to double
its network footprint by 2023.
About Tritium:Founded in 2001, Tritium (NASDAQ:
DCFC; DCFCW) 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 EVCS:EVCS was founded in 2018 and has
quickly become one of the largest and fastest-growing electric
vehicle charging networks on the West Coast. Powered by 100%
renewable energy, EVCS is disrupting the mobility power industry
through a turn-key approach that utilizes public and private
funding sources to encourage the installation of fast-charging
locations. EVCS has secured over $50M in government funding and
engaged nearly 150 partner sites to build and grow its net zero
carbon network. EVCS’ mission is to cut emissions while
simultaneously improving air quality by enabling the rapid adoption
of zero-emission electric vehicles. For more information, visit
www.evcs.com.
Forward Looking StatementsThis press release
includes “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. 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.
Tritium Media ContactJack
Ulrichmedia@tritium.com.au
Tritium Investors ContactCaldwell BaileyICR,
Inc.TritiumIR@icrinc.com
EVCS Media ContactKelli
DobbinsEVCS@slingstone.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f51a01fc-28c2-47d2-9ab3-e4c9dd94129f
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