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ChargePoint Deploys EV Fast Charging in New York with Support from NY State Energy Research and Development Authority

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ChargePoint (NYSE: CHPT) has announced the opening of five ultra-fast charging sites in upstate New York, supported by the New York State Energy Research and Development Authority (NYSERDA). The new charging stations are located in Cortland, Waterloo, Lake Placid, Niagara Falls, and Ripley.

The initiative is part of NYSERDA's Clean Transportation program, which aims to expand EV charging infrastructure across New York State by reducing capital investment requirements. Notably, 50% of the fast-charging stations funded through this program will be located in disadvantaged communities, as designated by New York State's Climate Justice Working Group.

Drivers can access these charging locations through the ChargePoint mobile app for finding, using, and paying for charging services. The public-private partnership demonstrates the importance of institutional collaboration in scaling EV charging infrastructure.

ChargePoint (NYSE: CHPT) ha annunciato l'apertura di cinque stazioni di ricarica ultra-veloci nello stato di New York, supportate dall'Autorità per la Ricerca e lo Sviluppo Energetico dello Stato di New York (NYSERDA). Le nuove stazioni di ricarica si trovano a Cortland, Waterloo, Lake Placid, Niagara Falls e Ripley.

L'iniziativa fa parte del programma di Trasporti Puliti della NYSERDA, che mira ad ampliare le infrastrutture di ricarica per veicoli elettrici in tutto lo stato di New York riducendo i requisiti di investimento iniziale. È importante notare che il 50% delle stazioni di ricarica rapida finanziate attraverso questo programma saranno situate in comunità svantaggiate, come designato dal Gruppo di Lavoro sulla Giustizia Climatica dello Stato di New York.

Gli automobilisti possono accedere a queste stazioni di ricarica tramite l'app mobile ChargePoint per trovare, utilizzare e pagare i servizi di ricarica. La partnership pubblico-privato dimostra l'importanza della collaborazione istituzionale nell'espansione delle infrastrutture di ricarica per veicoli elettrici.

ChargePoint (NYSE: CHPT) ha anunciado la apertura de cinco estaciones de carga ultra-rápidas en el estado de Nueva York, apoyadas por la Autoridad de Investigación y Desarrollo Energético del Estado de Nueva York (NYSERDA). Las nuevas estaciones de carga están ubicadas en Cortland, Waterloo, Lake Placid, Niagara Falls y Ripley.

La iniciativa es parte del programa de Transporte Limpio de NYSERDA, que tiene como objetivo expandir la infraestructura de carga de vehículos eléctricos en todo el estado de Nueva York al reducir los requisitos de inversión de capital. Cabe destacar que el 50% de las estaciones de carga rápida financiadas a través de este programa estarán ubicadas en comunidades desfavorecidas, según lo designado por el Grupo de Trabajo de Justicia Climática del Estado de Nueva York.

Los conductores pueden acceder a estas ubicaciones de carga a través de la aplicación móvil ChargePoint para encontrar, usar y pagar por los servicios de carga. La asociación público-privada demuestra la importancia de la colaboración institucional en la expansión de la infraestructura de carga de vehículos eléctricos.

ChargePoint (NYSE: CHPT)는 뉴욕주에서 뉴욕주 에너지 연구 개발청(NYSERDA)의 지원을 받아 다섯 곳의 초고속 충전소를 개설했다고 발표했습니다. 새로운 충전소는 Cortland, Waterloo, Lake Placid, Niagara Falls 및 Ripley에 위치하고 있습니다.

이 이니셔티브는 NYSERDA의 청정 교통 프로그램의 일환으로, 뉴욕주 전역에 전기차 충전 인프라를 확장하고 자본 투자 요구 사항을 줄이는 것을 목표로 하고 있습니다. 특히 이 프로그램을 통해 자금 지원을 받는 고속 충전소의 50%가 뉴욕주 기후 정의 작업 그룹에서 지정한 취약 지역 사회에 위치할 것입니다.

운전자는 ChargePoint 모바일 앱을 통해 이 충전소를 찾아 사용하고 결제할 수 있습니다. 공공-민간 파트너십은 전기차 충전 인프라 확장을 위한 기관 간 협력의 중요성을 보여줍니다.

ChargePoint (NYSE: CHPT) a annoncé l'ouverture de cinq stations de recharge ultra-rapides dans l'État de New York, soutenues par l'Autorité de Recherche et de Développement Énergétique de l'État de New York (NYSERDA). Les nouvelles stations de recharge sont situées à Cortland, Waterloo, Lake Placid, Niagara Falls et Ripley.

Cette initiative fait partie du programme de Transport Propre de la NYSERDA, qui vise à étendre l'infrastructure de recharge pour véhicules électriques dans tout l'État de New York en réduisant les exigences d'investissement initial. Il est à noter que 50 % des stations de recharge rapide financées par ce programme seront situées dans des communautés défavorisées, comme désigné par le Groupe de Travail sur la Justice Climatique de l'État de New York.

Les conducteurs peuvent accéder à ces emplacements de recharge via l'application mobile ChargePoint pour trouver, utiliser et payer les services de recharge. Le partenariat public-privé démontre l'importance de la collaboration institutionnelle dans l'expansion de l'infrastructure de recharge pour véhicules électriques.

ChargePoint (NYSE: CHPT) hat die Eröffnung von fünf ultr schnellen Ladestationen im Bundesstaat New York angekündigt, unterstützt von der New York State Energy Research and Development Authority (NYSERDA). Die neuen Ladestationen befinden sich in Cortland, Waterloo, Lake Placid, Niagara Falls und Ripley.

Die Initiative ist Teil des Clean Transportation-Programms von NYSERDA, das darauf abzielt, die Infrastruktur für Elektrofahrzeug-Ladestationen im gesamten Bundesstaat New York zu erweitern, indem die Anforderungen an Kapitalinvestitionen gesenkt werden. Bemerkenswert ist, dass 50% der über dieses Programm finanzierten Schnellladestationen in benachteiligten Gemeinden angesiedelt sein werden, wie sie von der Climate Justice Working Group des Bundesstaates New York festgelegt wurden.

Fahrer können über die ChargePoint-Mobile-App auf diese Ladestandorte zugreifen, um die Ladedienste zu finden, zu nutzen und zu bezahlen. Die öffentlich-private Partnerschaft zeigt die Bedeutung der institutionellen Zusammenarbeit beim Ausbau der Infrastruktur für Elektrofahrzeug-Ladestationen.

Positive
  • Strategic expansion into five new locations in New York State
  • Government support reducing capital investment requirements
  • Focus on underserved markets expanding market reach
Negative
  • Heavy reliance on government funding for expansion
  • Capital-intensive infrastructure deployment

Insights

ChargePoint's deployment of five ultra-fast charging stations in upstate New York represents a modest expansion of the company's charging network through a strategic public-private partnership model. While the announcement lacks specific financial details, this deployment is significant for two key reasons:

First, the NYSERDA backing demonstrates ChargePoint's ability to secure government support and funding, reducing capital expenditure requirements for network expansion - a critical advantage for a company with a relatively small $310 million market cap. This cost-sharing model could be replicated across other states, potentially allowing ChargePoint to scale more efficiently than competitors relying solely on private capital.

Second, the focus on disadvantaged communities aligns with broader government initiatives to ensure equitable access to EV infrastructure, potentially positioning ChargePoint favorably for future public funding opportunities. With 50% of the program's fast-charging stations targeted for disadvantaged communities, this deployment checks important boxes for ESG-minded institutional investors.

However, investors should note the scale of this particular announcement - five charging sites represents an incremental rather than transformative expansion. The impact on ChargePoint's near-term revenue will be minimal, though the partnership model demonstrated here may prove valuable for accelerating future growth while managing capital efficiency.

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced the opening of five ultra-fast charging sites in upstate New York. The sites are supported by the New York State Energy Research and Development Authority (NYSERDA), and are located in Cortland, Waterloo, Lake Placid, Niagara Falls, and Ripley. Drivers may find, use and pay for charging at these locations via the ChargePoint mobile app.

ChargePoint today announced the opening of five ultra-fast charging sites in upstate New York, supported by the New York State Energy Research and Development Authority (NYSERDA). (Photo: Business Wire)

ChargePoint today announced the opening of five ultra-fast charging sites in upstate New York, supported by the New York State Energy Research and Development Authority (NYSERDA). (Photo: Business Wire)

“ChargePoint’s collaboration with NYSERDA demonstrates the critical role that public-private partnerships will continue to play in the build out of charging infrastructure, particularly at the state level,” said Rick Wilmer, CEO of ChargePoint. “When all types of institutions work together to defray costs, much-needed EV charging infrastructure can scale at an accelerated pace.”

NYSERDA President and CEO Doreen M. Harris said, “NYSERDA is proud to work with ChargePoint to bring these fast chargers to Cortland, Waterloo, Lake Placid, Niagara Falls, and Ripley. This private-public investment will expand access to reliable public charging for a growing number of electric vehicle drivers while helping to reduce pollution and improve air quality across the state.”

NYSERDA’s support, through its Clean Transportation program, enables the build-out of critical EV charging infrastructure across New York State, reducing the capital investment needed to deploy public charging sites. This includes building out access in underserved communities, defined as disadvantaged communities by New York State’s Climate Justice Working Group. Fifty percent of the fast-charging stations funded through this program will be located in communities designated as disadvantaged.

To learn more about EV charging funding programs available from NYSERDA, please visit: https://www.nyserda.ny.gov/All-Programs/Charging-Station-Programs.

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 press office 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

FAQ

Where are the new ChargePoint (CHPT) ultra-fast charging stations located in New York?

The new charging stations are located in Cortland, Waterloo, Lake Placid, Niagara Falls, and Ripley.

What percentage of CHPT's new charging stations will be in disadvantaged communities?

50% of the fast-charging stations funded through this NYSERDA program will be located in disadvantaged communities.

How can drivers access ChargePoint's new charging stations in New York?

Drivers can find, use, and pay for charging through the ChargePoint mobile app.

What is the partnership between CHPT and NYSERDA aimed at achieving?

The partnership aims to expand EV charging infrastructure across New York State by reducing capital investment requirements through NYSERDA's Clean Transportation program.
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