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ChargePoint partners with National Electrical Contractors Association (NECA) to accelerate deployment of electric vehicle charging infrastructure
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
ChargePoint (NYSE: CHPT) has partnered with the National Electrical Contractors Association (NECA) to develop training for electrical contractors involved in EV charging infrastructure installation. This collaboration aims to enhance the deployment of charging solutions, coinciding with government investments of $7.5 billion through the Bipartisan Infrastructure Law for EV charging networks. ChargePoint will utilize NECA's resources to reach more contractors, improving the technical expertise of installers nationwide and facilitating the transition to electric vehicle infrastructure.
Positive
Partnership with NECA enhances training for electrical contractors, potentially increasing EV charging infrastructure deployment.
Government investment of $7.5 billion for EV charging infrastructure supports the initiative.
Negative
None.
ChargePoint will help develop NECA trainings for its contractors, including the Electric Vehicle Infrastructure Training Program (EVITP)
CAMPBELL, Calif.--(BUSINESS WIRE)--
ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced a new partnership with the National Electrical Contractors Association (NECA), the voice of the $202 billion electrical construction industry with 118 local chapters, to accelerate the deployment of EV charging. Through the partnership, ChargePoint and NECA will develop training programs for its electrical contractor members who install EV charging infrastructure and be a resource in NECA’s Industry Alliance Network (IAN), which connects NECA contractors to companies at the forefront of the electrical industry.
ChargePoint and the National Electrical Contractors Association (NECA) will develop training programs for NECA's electrical contractor members who install EV charging infrastructure. (Photo: Business Wire)
This partnership comes as the federal government prepares to invest billions of dollars in EV charging through the Bipartisan Infrastructure Law, including $7.5 billion for highway and community charging and billions more to electrify private and government fleets.
“Through this collaboration, we are connecting our technical experts with NECA’s network of thousands of electrical contractors, who are key partners that ensure connected, software-enabled charging solutions are installed proficiently in communities across the country,” said Anthony Harrison, senior director of North American policy for ChargePoint. “Together with NECA, ChargePoint is ensuring electrical contractors have the technical expertise needed to further accelerate deployment of EV charging infrastructure and enable charging everywhere drivers live, work, and play.”
“At NECA, a key value we provide is connecting our members with the products and services that are leading our industry,” said NECA CEO David Long. “The Industry Alliance Network opens new avenues to deepen the conversation between these brands and NECA contractors. It is NECA National’s goal to provide solutions with increased access and attention within our industry.”
ChargePoint will provide the association’s members with the necessary training and education on how to deploy EV charging across the country. ChargePoint believes its partnership with NECA will impact the electrical construction industry by leveraging NECA’s network, digital marketing, social media, and communications platform in order to expand EV charging infrastructure farther and wider than ever before.
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 in North America and Europe 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 113 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every second or less. 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.
About the National Electrical Contractors Association
NECA is the voice of the $202 billion electrical construction industry that brings power, light and communication technology to buildings and communities across North America. NECA's national office and 118 local chapters advance the industry through advocacy, education, research and standards development. Go to www.necanet.org for more information.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding ChargePoint’s plans with the NECA’s training program and the potential success or impact of any such programs on facilitation or deployment of electric vehicle charging, infrastructure, or market opportunity. Any statements that are not of historical fact may be forward-looking statements. Words used such as “anticipates,” “believes,” “continues,” “designed,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “ongoing,” “plans,” “projects,” “pursuing,” “seeks,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. All forward-looking statements are based on our current assumptions, expectations and beliefs, and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the ongoing COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; the development, adoption and/or commercialization of fueling alternatives to electric vehicle charging; supply chain interruptions and expense increases; and unexpected delays in new product introductions. Additional risks and uncertainties that could affect our projections in this press release are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on June 7, 2022, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
