ECOtality Wins $2.87M in Bay Area Contracts, Expands The EV Project to the San Francisco Bay Area
The Bay Area Air Quality Management District Chooses ECOtality as EVSE Deployment Program Lead
ECOtality, Inc. (NASDAQ:ECTY),a leader in clean electric transportation and storage, announced today that it has expanded The EV Project to the San Francisco Bay Area. ECOtality was awarded a $2.87 million contract from the Bay Area Air Quality Management District (Air District) to become the Project Manager of the organizations Electric Vehicle Supply Equipment (EVSE) Deployment Program. Through this program, ECOtality will oversee the installation of 2,750 home charging stations and 30 DC fast charging stations throughout the Bay Area.
Historically, the Bay Area has been the epicenter for driving technology innovation and adoption, but in the past few years, it has also served as the home of change in the transportation sector. It spearheaded the landmark CAFE standards, supported a wide range of EV technologies and now with this grant is creating the pathway necessary for electric vehicles to become the dominant form of transportation in the Bay Area, said Jonathan Read, CEO of ECOtality. One of our major goals has always been to electrify the West Coast, from Canada to Mexico. We have already completed EV infrastructure blueprints for Washington, Oregon, and Southern California, and are proud to serve as the project lead for the Air Quality Board. With the addition of the Bay Area to The EV Project, we have completed the West Coast transportation corridor.
ECOtality was awarded $50,000 as Project Manager for the Air Districts EVSE Deployment Program based on their experience in coordinating The EV Project, the largest rollout of EV infrastructure in history. The Bay Area regions involved in the newly introduced program are the Air Districts jurisdiction, including Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, southwestern Solano, and southern Sonoma Counties.
Through a $2.2 million award from the Air District, ECOtality will provide an EVSE Home Charger Rebate Program to install 1,500 Blink Home Chargers at Bay Area residences, out of the total 2,750home chargers that will be installed throughout the program. The Blink Home Charger is a smart charging station that allows for increased cost-savings through improved power management, an intuitive set of features, including a 7-inch color touchscreen control panel, and a stylish, easily configurable design.
ECOtality will also implement a DC Fast Charger Program, from a $614,800 Air District award, that will allow the Company to install 20 Blink DC Fast Chargers, out of the 30 total chargers installed throughout the program. The Blink DC Fast Charger is capable of providing a full charge in under 30 minutes. Each Blink DC Fast Charger is equipped with a daylight readable 42-inch color LCD display, and dual 10-inch touchscreen control panels. ECOtalitys Blink charging stations will help support the launch of EVs within the region, including the Nissan LEAF.
“Nissan is looking forward to working in partnership with BAAQMD and ECOtality to bring Nissan LEAFs and the charging stations that power them to consumers in the San Francisco Bay Area,” said Tracy Woodard, director, government affairs, Nissan North America. “The Nissan LEAF, the world’s first all-electric, zero-emissions vehicle for the mass market, launched in December in the Bay Area. Nissan applauds this major step in electrifying the Bay Area which has emerged at the forefront of progressive electric vehicle-readiness efforts.”
The funding outlay is part of an ongoing effort by the Air District to support at-home electric vehicle charging in the region and to establish a network of accessible charging sites where electric vehicle owners can conveniently recharge while conducting their normal business, running errands or traveling.Funding for the electric vehicle infrastructure program was provided through the Air Districts Transportation Fund for Clean Air Regional Fund which allocates money collected as a surcharge on vehicle registration fees. The program will also leverage cost-share funding provided to the contractors by federal and state grants and private funds.
The electric vehicles time has come and its effectiveness as a means of improving air quality depends on a robust charging infrastructure, said Jack Broadbent, executive officer of the Air District. Investing in infrastructure will help make the electric vehicle a viable option for many Bay Area residents and businesses.
In addition to the above contracts, ECOtality is project manager of The EV Project and will oversee the installation of 15,000 commercial and residential charging stations in 17 cities and major metropolitan areas in six states and the District of Columbia, which will now include the San Francisco Bay Area. The project will provide an EV infrastructure to support the deployment of 8,300 EVs. The project is funded by the U.S. Department of Energy through a federal stimulus grant of $114.8 million, made possible by the American Recovery and Reinvestment Act (ARRA). The grants are matched by private investment, bringing the total value of the project to approximately $230 million.
This award is a testament to the work that we have already performed as Project Manager of The EV Project, said Don Karner, President of ECOtality. The Bay Area has always been on the forefront of innovation, and we are eager to bring EVs and infrastructure to an audience that is ready to adopt it.
Qualifying Bay Area residents will be able to receive a Blink Home Charging Station as well as the DC Fast Charge inlet option on the Nissan LEAF free of charge, and a credit of up to $1,200 towards the installation of the charger, by participating in The EV Project. For more information about The EV Project, please visit www.theevproject.com, and for additional information about Blink charging products, visit www.blinknetwork.com.
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.
For more information about ECOtality, Inc., please visit www.ecotality.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Nissan North America
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Alliance Advisors for ECOtality