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ChargePoint and Colorado Energy Office announce the completion of fast charging corridor along Highway 40
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Rhea-AI Summary
ChargePoint (NYSE: CHPT) has announced the completion of its first electric vehicle fast-charging corridor, funded by a $10 million investment from the Colorado Energy Office. This corridor runs along Highway 40 from Boulder to Dinosaur, close to the Utah border. ChargePoint, in collaboration with local jurisdictions and utilities, has activated 20 fast-charging sites under this initiative, aiming to enhance EV infrastructure in Colorado and facilitate long-distance travel for electric vehicles.
Positive
Completion of the first fast-charging corridor enhances EV infrastructure.
Investment of $10 million underlines support from the Colorado Energy Office and other partners.
Activation of 20 fast-charging sites expands accessibility for electric vehicle users.
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None.
As part of a $10 million investment, the first of six corridors is now complete, and runs along Highway 40 from Boulder to Dinosaur, near the Utah border
CAMPBELL, Calif.--(BUSINESS WIRE)--
ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced the completion of the first of six electric vehicle fast-charging corridors in partnership with the Colorado Energy Office. Corridor A runs along Highway 40 from Boulder to Dinosaur near the Utah border.
ChargePoint announced the completion of the first of six electric vehicle fast-charging corridors in partnership with the Colorado Energy Office. (Photo: Business Wire)
The fast-charging highway corridors project is a public-private partnership involving a $10 million investment by the Colorado Energy Office, which includes funding from the Volkswagen Settlement and Congestion Mitigation and Air Quality (CMAQ) Improvement Program, as well as investments by ChargePoint, local jurisdictions, electric utilities, and Colorado businesses. ChargePoint was awarded six corridors throughout Colorado and each charging site offers either two or four ChargePoint® Express 250 fast chargers, allowing electric vehicles to charge at up to 125 kilowatts. Later this year, the stations will be upgraded to ChargePoint’s higher-powered Express Plus.
“It’s incredible to see the dedication and progress made by the Colorado Energy Office in its goal of building out Colorado’s EV fast-charging infrastructure through public-private partnerships,” said Anne Smart, vice president, public policy, ChargePoint. “Once all six corridors are complete, these stations will allow Coloradans to drive long distances across the state in an electric vehicle.”
In total, 20 fast-charging sites have been activated under this initiative, with several more under construction. Other sites are strategically located along I-70, Highway 50, Highway 550 and other key travel corridors. Drivers can find the location of charging sites on the ChargePoint mobile app or website.
This project will enable long-distance electric car travel, addressing a major barrier for drivers considering whether to buy and use electric cars. In turn, this will help Colorado meet its long-term goal of 100% electric car travel.
"Completing the first of six corridors is an exciting milestone for the program," said Christian Williss, Senior Director, Transportation Fuels and Technology, Colorado Energy Office. "The remaining sites will be operational by the end of year, helping to ensure that Coloradans can travel anywhere in the state in an electric vehicle. As EV adoption accelerates, more charging infrastructure will be needed along corridors and in communities all over the state, and CEO looks forward to new and continued partnerships like the one that made this program possible."
Driving electric reduces greenhouse gas emissions which cause climate change, as well as other air pollutants that cause respiratory, cardiovascular and other health problems. The charging stations are also expected to stimulate local economies by attracting electric vehicle drivers to the sites where they are installed.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 110 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.
What is the recent update regarding ChargePoint and its electric vehicle charging corridors?
ChargePoint announced the completion of its first electric vehicle fast-charging corridor, part of a total of six corridors funded by a $10 million investment.
How many fast-charging sites has ChargePoint activated in Colorado?
ChargePoint has activated 20 fast-charging sites under its recent initiative in Colorado.
What is the purpose of the fast-charging corridors announced by ChargePoint?
The fast-charging corridors aim to improve electric vehicle infrastructure and facilitate long-distance travel for EV users throughout Colorado.
Who funded the development of ChargePoint's fast-charging corridors?
The project is funded by a $10 million investment from the Colorado Energy Office, alongside other local jurisdiction and utility investments.
Where is the first fast-charging corridor located?
The first fast-charging corridor runs along Highway 40 from Boulder to Dinosaur, near the Utah border.
