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ChargePoint and Colorado Energy Office Deliver Fast EV Charging Along Six Highway Corridors

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ChargePoint (NYSE: CHPT) and the Colorado Energy Office have completed six EV fast charging corridors across Colorado, installing 33 DC fast charging sites with over 80 charging ports. The $12 million project, funded by $10 million in state funding and $2 million from private and local government partners, has doubled the state's highway fast charging coverage from 40% to nearly 80% of corridors within 30 miles of a fast charger.

The charging network spans major highways including Highway 40, I-70, Highway 50, and Highway 550. Colorado currently leads the nation in market share for new electric and plug-in hybrid vehicles, positioning the infrastructure for immediate utilization. The strategic locations include convenience stores and local visitor centers to accommodate drivers during charging sessions.

ChargePoint (NYSE: CHPT) e l'Ufficio Energetico del Colorado hanno completato sei corridoi di ricarica rapida per veicoli elettrici in Colorado, installando 33 stazioni di ricarica DC rapida con oltre 80 punti di ricarica. Il progetto da 12 milioni di dollari, finanziato con 10 milioni di dollari di fondi statali e 2 milioni dai partner privati e dalle autorità locali, ha raddoppiato la copertura della ricarica rapida delle autostrade dello stato, passando dal 40% a quasi l'80% dei corridoi entro 30 miglia da un caricatore rapido.

La rete di ricarica si estende su autostrade principali, tra cui l'Highway 40, l'I-70, l'Highway 50 e l'Highway 550. Il Colorado attualmente guida il paese in termini di quota di mercato per i nuovi veicoli elettrici e ibridi plug-in, posizionando l'infrastruttura per un utilizzo immediato. Le località strategiche includono negozi di alimentari e centri per visitatori locali per accogliere i conducenti durante le sessioni di ricarica.

ChargePoint (NYSE: CHPT) y la Oficina de Energía de Colorado han completado seis corredores de carga rápida para vehículos eléctricos en Colorado, instalando 33 sitios de carga rápida DC con más de 80 puertos de carga. El proyecto de 12 millones de dólares, financiado con 10 millones de dólares de fondos estatales y 2 millones de dólares de socios privados y del gobierno local, ha duplicado la cobertura de carga rápida en las carreteras del estado, pasando del 40% a casi el 80% de los corredores dentro de 30 millas de un cargador rápido.

La red de carga abarca principales autopistas, incluyendo la Carretera 40, I-70, Carretera 50 y Carretera 550. Colorado actualmente lidera el país en cuota de mercado para nuevos vehículos eléctricos e híbridos enchufables, posicionando la infraestructura para un uso inmediato. Las ubicaciones estratégicas incluyen tiendas de conveniencia y centros de visitantes locales para acomodar a los conductores durante las sesiones de carga.

ChargePoint (NYSE: CHPT)와 콜로라도 에너지 오피스는 콜로라도 전역에 걸쳐 6개의 전기차 고속 충전 구간을 완공하고 33개의 DC 고속 충전기를 설치하여 80개 이상의 충전 포트를 마련했습니다. 이 1,200만 달러 규모의 프로젝트는 1,000만 달러의 주 정부 자금과 200만 달러의 민간 및 지방 정부 파트너의 자금으로 지원되었으며, 주 고속도로의 고속 충전 커버리지를 40%에서 거의 80%로 두 배로 늘렸습니다.

충전 네트워크는 고속도로 40, I-70, 고속도로 50 및 고속도로 550과 같은 주요 고속도로를 포함합니다. 콜로라도는 현재 새로운 전기 및 플러그인 하이브리드 차량의 시장 점유율에서 국가를 선도하고 있으며, 즉각적인 활용을 위해 인프라를 구축하고 있습니다. 전략적 위치에는 편의점 및 지역 방문자 센터가 포함되어 있어 충전 세션 동안 운전자를 수용합니다.

ChargePoint (NYSE: CHPT) et le Bureau de l'énergie du Colorado ont achevé six corridors de recharge rapide pour véhicules électriques à travers le Colorado, installant 33 sites de recharge rapide DC avec plus de 80 points de recharge. Ce projet de 12 millions de dollars, financé par 10 millions de dollars de fonds d'État et 2 millions de dollars de partenaires privés et gouvernementaux locaux, a doublé la couverture de recharge rapide des autoroutes de l'État, passant de 40 % à presque 80 % des corridors situés à moins de 30 miles d'un chargeur rapide.

Le réseau de recharge s'étend sur des autoroutes majeures, notamment la Highway 40, l'I-70, la Highway 50 et la Highway 550. Le Colorado est actuellement en tête du pays en part de marché pour les nouveaux véhicules électriques et hybrides rechargeables, positionnant l'infrastructure pour une utilisation immédiate. Les emplacements stratégiques comprennent des dépanneurs et des centres d'accueil pour visiteurs locaux pour accueillir les conducteurs pendant les sessions de recharge.

ChargePoint (NYSE: CHPT) und das Colorado Energy Office haben sechs Schnellladekorridore für Elektrofahrzeuge in Colorado fertiggestellt und 33 DC-Schnellladestationen mit über 80 Ladepunkten installiert. Das 12-Millionen-Dollar-Projekt, das mit 10 Millionen Dollar aus staatlichen Mitteln und 2 Millionen Dollar von privaten und lokalen Regierungsparteien finanziert wurde, hat die Abdeckung der Schnellladung auf den Autobahnen des Bundesstaates von 40 % auf fast 80 % der Koridore innerhalb von 30 Meilen eines Schnellladers verdoppelt.

Das Lade-Netzwerk erstreckt sich über wichtige Autobahnen, einschließlich der Highway 40, I-70, Highway 50 und Highway 550. Colorado führt derzeit das Land in Bezug auf den Marktanteil neuer Elektro- und Plug-in-Hybridfahrzeuge an und positioniert die Infrastruktur für die sofortige Nutzung. Die strategischen Standorte umfassen Convenience-Stores und lokale Besucherzentren, um Fahrer während der Ladesitzungen zu unterstützen.

Positive
  • Doubled Colorado's highway fast charging coverage from 40% to 80%
  • Successfully deployed 33 DC fast charging sites with 80+ charging ports
  • Secured $12 million in funding through public-private partnership
  • Strategic placement in high-traffic corridors ensures immediate utilization
Negative
  • None.

Insights

The completion of six EV fast charging corridors in Colorado marks a significant infrastructure milestone for ChargePoint. The $12 million project, combining $10 million in state funding with $2 million from private partners, has effectively doubled the state's highway fast charging coverage from 40% to 80%. With 33 strategic locations and over 80 charging ports, this expansion addresses a critical infrastructure gap in the nation's leading EV adoption market.

The project's timing is particularly strategic given Colorado's position as the national leader in new EV and plug-in hybrid vehicle market share. The infrastructure development aligns with federal NEVI program investments, creating a comprehensive charging network that could drive further EV adoption and generate steady revenue streams for ChargePoint through its subscription-based model.

This development represents a important proof-of-concept for ChargePoint's public-private partnership model. Colorado's leadership in EV adoption makes it an ideal test market, with the new infrastructure likely to see immediate utilization. The strategic placement along major highways and at varied locations (convenience stores, visitor centers) demonstrates a well-thought-out approach to user convenience and revenue generation.

The project's successful completion strengthens ChargePoint's position to secure similar partnerships in other states, particularly as federal infrastructure funding becomes available. This could provide a significant competitive advantage in capturing market share as states rush to meet EV infrastructure demands. The expansion also enhances ChargePoint's network value proposition to potential EV buyers, creating a positive feedback loop for growth.

Completion of the project has doubled the major highway fast charging coverage in the state

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and the Colorado Energy Office today announced the completion of six EV fast charging corridors across the state. In total, 33 DC fast charging sites offering more than 80 charging ports are now available to EV drivers along highways across Colorado. The initiative was made possible by $10 million in state funding and more than $2 million in contributions from private and local government partners.

ChargePoint and the Colorado Energy Office announced the completion of six EV fast charging corridors, doubling the coverage of corridor DC fast charging across the state. (Photo: Business Wire)

ChargePoint and the Colorado Energy Office announced the completion of six EV fast charging corridors, doubling the coverage of corridor DC fast charging across the state. (Photo: Business Wire)

“This project is a testament to the leadership we're seeing across the country at a state level to accelerate the build out of a robust charging network for all EV drivers,” said Rick Wilmer, CEO at ChargePoint. “Public-private partnerships such as our relationship with the Colorado Energy Office continue to play a critical role in building out charging infrastructure. Together, we are ensuring drivers across the state are able to charge quickly at convenient locations.”

According to the Colorado Energy Office, the project has doubled the coverage of corridor DC fast charging in Colorado. Before the start of this project in 2019, 40% of highway corridors were within 30 miles of a fast charger. Upon completion, up to nearly 80% are within 30 miles of a fast charger. Investments through programs such as the National Electric Vehicle Infrastructure (NEVI) program will continue being made, complementing the state’s efforts to deploy more charging infrastructure. Additionally, the Colorado Energy Office recently reported that Colorado is first in the nation for market share of new electric and plug-in hybrid vehicles, so the infrastructure is anticipated to be utilized heavily from day one.

“Colorado is leading the nation in EV sales and making EV travel more affordable and convenient for everyone. Colorado's growing network of charging stations allows EV owners to travel with confidence knowing that there will be a place to get a quick charge at the store, going to and from work, or traveling across the state,” said Colorado Governor Jared Polis.

“Our partnership with ChargePoint to install 33 fast chargers across the state was essential to help establish a foundation for Colorado’s public EV fast-charging network,” said Colorado Energy Office Executive Director Will Toor. “With convenient access to charging along our major transportation routes Coloradans can now drive across the state in an electric vehicle, from the north to the south and the east to the west. We’re grateful for ChargePoint’s efforts to make this happen.”

These charging sites enable fast, reliable charging strategically located along the state’s major highways, including Highway 40, I-70, Highway 50, Highway 550 and other key travel corridors. Locations range from convenience stores to local visitor centers to meet the needs and entertainment of drivers who are charging. Drivers can find the location of charging sites on the ChargePoint mobile app or website.

A list of all new sites powered by ChargePoint Express Plus in Colorado can be found online at the Energy Office’s website: https://energyoffice.colorado.gov/transportation/grants-incentives/ev-fast-charging-corridors.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

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. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.

CHPT-IR

ChargePoint

John Paolo Canton

Vice President, Communications

JP.Canton@chargepoint.com

AJ Gosselin

Director, Corporate Communications

AJ.Gosselin@chargepoint.com

media@chargepoint.com

Source: ChargePoint Holdings, Inc.

FAQ

How many new charging stations did ChargePoint (CHPT) install in Colorado's highway corridors?

ChargePoint installed 33 DC fast charging sites with more than 80 charging ports across six highway corridors in Colorado.

What was the total cost of CHPT's Colorado charging corridor project?

The project cost $12 million, with $10 million from state funding and over $2 million from private and local government partners.

Which major highways are covered by ChargePoint's new Colorado charging network?

The charging network covers Highway 40, I-70, Highway 50, Highway 550, and other key travel corridors in Colorado.

How much did ChargePoint's project increase Colorado's highway fast charging coverage?

The project doubled Colorado's highway fast charging coverage, increasing from 40% to nearly 80% of corridors within 30 miles of a fast charger.

Where are CHPT's new charging stations located in Colorado?

The charging stations are strategically located at convenience stores and local visitor centers along major highways across Colorado.

ChargePoint Holdings, Inc.

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