California’s 1st Taco Bell® is Officially “Electrified”

Rhea-AI Summary

ChargeNet Stations has partnered with Diversified Restaurant Group to open its first ultra-fast EV charging stations at a Taco Bell in South San Francisco. This innovative technology integrates solar energy and energy storage with Tritium’s fast chargers, providing an average of 100 miles of charge in 20 minutes for approximately $20. ChargeNet aims to democratize EV charging in underserved communities across California, planning to electrify over 100 Taco Bell locations by year-end. The initiative supports local jobs and assists in the transition to sustainable energy.

Positive

• Partnership with Diversified Restaurant Group to open EV charging stations at Taco Bell enhances brand visibility.
• Plans to electrify over 100 Taco Bell locations in California, increasing growth potential.
• Integration of solar energy with fast charging technology reduces utility costs and supports sustainability.
• Addresses the charging needs in underserved communities, promoting inclusivity in EV adoption.

Negative

• None.

New ChargeNet Stations Technology Out to Democratize EV Charging

SAN FRANCISCO--(BUSINESS WIRE)-- ChargeNet Stations, an electric vehicle (EV) fast-charging station development and software company, in partnership with Taco Bell franchisee Diversified Restaurant Group (DRG), opens its first ultra-fast charging stations at a South San Francisco Taco Bell® this morning. ChargeNet Stations is using its innovative software technology, pairing solar energy and energy storage with Tritium’s fast EV chargers at quick serve restaurants across California.

“Call it quick food, quick charge,” said ChargeNet Stations CEO and Founder Tosh Dutt. “You can get an EV charge and a chalupa all in one easy stop.”

ChargeNet Stations is compatible with all EV connector types and offers, on average, a 100-mile charge in 20 minutes, or fewer, for around $20. Locations are being strategically positioned to make EV charging available in traditionally underserved communities.

“We are committed to catalyzing the EV revolution to ensure it spans across all demographics,” Dutt said. “This is why we are working with quick-serve restaurants, where an estimated 120 million Americans eat every day. About half of our locations are in marginalized communities across California, providing charging access to people who may not have the luxury of a home charging station. We are out to democratize EV charging across California and beyond.”

More than 100 California Taco Bell restaurants, owned by DRG, are set to be “electrified” in the next year, meaning they will be equipped with ChargeNet Stations’ fast charging, energy storage, renewable energy, and software technology. The company will be expanding to other brands, soon to be announced, as well.

The highly efficient EV charging is made possible with ChargeNet Stations’ innovative software technology that leverages solar energy and advanced energy storage solutions to offset the demand on the grid and charge vehicles faster. By integrating solar and energy storage, ChargeNet Stations keeps restaurant utility costs in check and increases renewable energy usage, which is not only convenient and cost effective, but it also helps decarbonize the planet.

ChargeNet Stations’ debut Taco Bell location, at 465 El Camino Real, is operated by Taco Bell’s franchisee Diversified Restaurant Group and has six charging stations offering customers a clean, convenient EV charge.

“We’re always looking for opportunities to bring innovative and sustainable ideas to market, especially those that create a ‘win-win’ for our customers, the community, and our business,” says SG Ellison, President of Diversified Restaurant Group. The group currently operates more than 300 Taco Bell and Arby’s in five states and is growing rapidly. “ChargeNet Stations has been a great partner and we’re looking forward to what the future holds.”

Automotive experts predict more than 50 types of EVs, priced at or below $30,000, will be available in the U.S. market within the next three years. By 2035, California plans to ban the sales of new gas-powered cars and trucks.

“We’re solving a demand problem we know is coming,” said Dutt. “What we’re doing is creating a seamless opportunity for a quick charge at a convenient place and for a good price – and it’s good for the planet.”

“For the first time in many decades, how and where we power transportation is up for grabs, creating countless opportunities for rapid and convenient EV charging,” said Tritium CEO Jane Hunter. Tritium, a leading direct current fast charger manufacturer, has sold more than 7,600 chargers across 42 countries, and recently opened a Tennessee factory to increase U.S. supply capabilities and produce Buy America-compliant chargers in 2023. “This ChargeNet Stations site sets a new standard in convenient charging, pairing cutting-edge Tritium fast charger technology with on-site solar, battery storage and the opportunity to rest and recharge with a warm meal from Taco Bell.”

The partnership is expected to expand in other areas and leverages funding from the California Energy Commission’s California Electric Vehicle Infrastructure Project (CALeVIP) and the California Public Utilities Commission’s (CPUC) Self-Generation Incentive Program (SGIP). In addition to helping EV drivers, the state funding is creating jobs for local installers, leveraging solar energy, and supporting business owners looking to transform their parking lots into profit centers.

ChargeNet Stations has received funding from Aligned Climate Capital, the San Diego Angels, Tech Coast Angels, and the LACI Impact Fund.

To learn more about ChargeNet Stations, and opportunities for franchisees and employment, visit ChargeNetStations.com and on Twitter @ChargeNetStnUS.

About ChargeNet Stations

ChargeNet Stations is an electric vehicle fast-charging station development and AI driven software company. Our software platform creates a seamless opportunity for Quick Serve Restaurants to offer customers a superior EV charging experience in mere minutes. ChargeNet Stations’ hardware-agnostic SaaS platform, ChargeOpt, optimizes EV chargers and renewable energy to transform parking lots into profit centers.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world. For more information, visit TritiumCharging.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005300/en/

Media Contact:

Elizabeth L. Driscoll – Elizabeth.Driscoll@ChargeNetStations.com

480-766-3794

Tritium Media Contact

Jack Ulrich

media@tritium.com.au

Tritium Investors Contact

Caldwell Bailey

ICR, Inc.

TritiumIR@icrinc.com

Source: ChargeNet Stations

FAQ

What new technology is ChargeNet Stations implementing?

ChargeNet Stations is implementing a combination of solar energy and energy storage with Tritium’s fast chargers to provide ultra-fast EV charging.

Where are the new EV charging stations located?

The new EV charging stations are located at Taco Bell restaurants in South San Francisco and will expand to over 100 locations in California.

What is the expected charging time and cost at ChargeNet Stations?

Customers can expect an average charge of 100 miles in around 20 minutes for approximately $20.

How does ChargeNet Stations plan to support underserved communities?

ChargeNet Stations aims to provide EV charging access in traditionally underserved communities across California.

What funding supports ChargeNet Stations' initiatives?

ChargeNet Stations is receiving funding from the California Energy Commission and other initiatives to support its EV infrastructure.