Shorepower Technologies Wins Two State of Washington Grants with project values totaling over $380,000
Shorepower Technologies, Inc. (SPEV) has won two state grants in Washington, totaling over $380,000, for the installation of Level 2 charging stations at two sites. The company's grant writing capabilities have been successful in securing awards in multiple states, reinforcing the value of its network. Shorepower's expansion efforts are important in light of Tesla scaling back on charging station deployment, highlighting the importance of building out the electric vehicle infrastructure.
Successful grant awards totaling over $380,000 in Washington state.
Demonstrated strength in grant writing capabilities with wins in multiple states.
Expansion of network to over 1400 connection points, enhancing company value.
Tesla's decision to reduce staff and scale back on charging station deployment may impact the market dynamics.
Charging station network in the country remains underdeveloped, posing challenges for industry players.
Tesla Pulls Back in Charging and Shorepower Steps Up!
PORTLAND, May 13, 2024 (GLOBE NEWSWIRE) -- Shorepower Technologies, Inc. (SPEV) (“Shorepower”), following it becoming a public company through its merger last year, has focused on bolstering its internal infrastructure, grant writing capabilities and sales.
Shorepower is now pleased to announce that it has been awarded two state grants in Washington. The wins are for facilities based in George and Union Gap, WA. The site in George will host four Level 2 charging stations and the site in Union Gap will host six Level 2 charging stations for a total of 10 new connection points. The Washington grant awards total
“With awards in New Hampshire, California and now Washington, we have demonstrated the strength of our grant writing capabilities. Importantly, every new win bolsters the value of our network, we are now over 1400 connection points and growing,” CEO Jeff Kim.
Tesla’s recent decision to reduce staff and scale back on their charging station network deployment, makes Shorepower’s efforts even more important to the build out of the electric vehicle ecosystem. The country’s charging station network remains woefully under covered.
Shorepower remains focused on building out their interstate strategy. Charging stations are most needed where urban infrastructure is limited. As such, the company continues to develop relationships with travel centers and other host-site operators to provide essential charging infrastructure services.
Investor Relations Contact:
Inflection Partners, eric@inflectionpartnersllc.com
About Shorepower Technologies
Shorepower is a transportation electrification company that builds, deploys and operates plug-in stations that allow electric vehicles, trucks and refrigerated trailers to conveniently access electric power while parked or staged, resulting in cost savings for fleets and drivers that will offset petroleum fuel consumption, thus significantly reducing associated toxic emissions and greenhouse gases by replacing petroleum fuels with electric power. We currently operate the largest heavy-duty focused network of electrified parking spaces in North America. This network includes 60 facilities conveniently located at travel centers with approximately 1,800 electrified parking spaces. Most of these facilities are focused on truck stop electrification (TSE) and electric standby transport refrigeration units (eTRU), but several sites already include electric vehicle charging stations which will continue to grow.
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FAQ
What state grants has Shorepower Technologies won?
What is the total value of the projects awarded in Washington?
How many connection points will be added with the grant awards?
Why are Shorepower's expansion efforts important in the context of Tesla's recent actions?
