Volta Powers the City of Irving’s Community EV Charging Infrastructure Plan Using PredictEV® Services
February 15 2023 - 8:00AM
Business Wire
Data-driven plan positions Irving for future
grant opportunities, including the Bipartisan Infrastructure Law’s
Discretionary Grant Program for community charging
PredictEV utilized to identify EV charging
needs in disadvantaged communities to align city’s plan with the
federal government’s Justice40 initiative
Volta Inc. (NYSE: VLTA) (“Volta”), an industry-leading electric
vehicle (EV) charging and media company, today announced it will
utilize its proprietary infrastructure planning service,
PredictEV®, to conduct a robust EV charging needs assessment with
the City of Irving, Texas.
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Volta Powers the City of Irving's
Community EV Charging Infrastructure Plan Using PredictEV® Services
(Photo: Business Wire)
PredictEV will provide data-driven insight into Irving’s optimal
charging infrastructure strategy based on current and future EV
driver needs, including within disadvantaged communities. Irving’s
Transportation and Natural Resources Committee will use this data
to develop a comprehensive infrastructure plan. This plan positions
Irving to apply for possible federal and state grants in the
future, including the Discretionary Grant Program for Charging and
Fueling Infrastructure, which allocates $1.25B to community
charging under the Bipartisan Infrastructure Law (BIL).
“As electric vehicles become more popular in North Texas, it’s
prudent that Irving develops a comprehensive and efficient
infrastructure roadmap to support them,” said Rick Stopfer, Mayor
of the City of Irving. “The assessment will provide data and
analysis that can be included in our infrastructure strategy for
the entire city so we can address the needs of electric vehicle
drivers in Irving.”
Volta's PredictEV is an advanced infrastructure planning
solution that analyzes disparate data sources, including local
mobility, demographic, commercial, and site-specific data, to
provide high-resolution answers to key EV infrastructure questions
around expected EV adoption, optimal charger quantity and
locations, the right mix of charging infrastructure, and
anticipated energy requirements from the grid. Volta recently
introduced PredictEV’s ability to precisely identify optimal
charger locations and charging speeds in disadvantaged communities.
This analytical capability aligns with the federal government's
Justice40 goal, which seeks to ensure that 40 percent of the
overall benefits of certain federal investments, including the BIL
and Inflation Reduction Act (IRA), flow to disadvantaged
communities.
Volta’s collaboration with Irving is the latest example of the
company’s commitment to public-private partnerships that align with
the $7.5B in grants the federal government has allocated toward
public EV charging infrastructure buildout. PredictEV has also been
used by Alabama's Department of Economic and Community Affairs
(ADECA) to develop its Electric Vehicle Infrastructure Plan, and
its insights informed Volta's collaboration with the State of
Michigan and DTE Energy. Southern Company, Southern California
Edison, and Tucson Electric Power also use the tool to support and
inform EV charging initiatives.
“Local governments are finalizing their strategies for deploying
the upcoming wave of community charging grant funding under the
Discretionary Grant Program for Charging and Fueling
Infrastructure. PredictEV ensures these governments have access to
valuable data and create applications that fulfill federal
requirements when executing their plans,” said Brandt Hastings,
Chief Commercial Officer at Volta. “As Volta’s latest collaboration
with the City of Irving demonstrates, we are committed to
public-private partnerships that build a clean, more sustainable
future for all communities.”
Volta’s continued work with government agencies supports its
Charging For All initiative, the company’s commitment to delivering
affordable, reliable, and equitable charging across the United
States.
About Volta
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle
("EV") charging and media company. Volta's unique network of
charging stations powers vehicles and drives business growth while
accelerating a clean energy future. Volta delivers value to site
partners, brands, and consumers by installing charging stations
that feature large-format digital advertising screens located steps
away from the entrances of popular commercial locations. Retailers
can attract and influence foot traffic, advertisers can precisely
target audiences, and EV drivers can charge their vehicles
seamlessly as they go about their daily routines. Volta's extensive
network leverages its proprietary PredictEV® platform, which uses
sophisticated behavioral science and machine learning technology to
help commercial property owners, cities, and electric utilities
plan EV infrastructure intelligently, efficiently, and equitably.
To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws, including statements
regarding our electric vehicle charging and media network. These
forward-looking statements generally are identified by words such
as “anticipate,” “believe,” “estimate,” “expect,” “future,”
“intend,” “may,” “opportunity,” “plan,” “potential,” “project,”
“should,” “strategy,” “will,” “would,” and similar expressions.
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expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to the factors, risks and
uncertainties included in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2021 and our Quarterly Reports on
Form 10-Q for the quarterly periods ended March 31, 2022 and June
30, 2022, as such factors may be updated from time to time in our
other filings with the Securities and Exchange Commission (the
"SEC"), accessible on the SEC’s website at www.sec.gov and the
Investor Relations section of our website at www.voltacharging.com.
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uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
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Lucas Piazza lucas.piazza@voltacharging.com
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