- Enel X Way purchased more than 250 fast chargers for
deployment across the United
States (US).
- This purchase is the first under the companies' new global
framework agreement, pairing Tritium's DC fast charging technology
with Enel X Way's smart EV charging platform to deliver fast,
flexible, and scalable charging solutions.
- Enel X Way is the smart charging solutions subsidiary of the
global energy company, Enel, and the announced global framework
agreement follows those Tritium announced with BP and Shell, as the
company deepens its relationship with the largest multinationals
dedicated to the rollout of EV infrastructure in the coming
decade.
- McKinsey & Company estimates the US will need 1.2
million public EV chargers by 2030 to meet federal
targets.
TORRANCE, Calif. and SAN CARLOS, Calif., Aug. 17,
2022 /PRNewswire/ -- Tritium DCFC Limited (Tritium)
(Nasdaq: DCFC), a global leader in direct current (DC) fast
chargers for electric vehicles (EVs), and Enel X Way, the Enel
Group's global business line that offers smart EV charging
solutions and services, today announced the signing of a global
framework agreement and first contract in the US, deepening Enel X
Way's access to Tritium's fast charging hardware and software. Enel
X Way is a global leader in smart EV charging solutions with
over 380,000 charging ports worldwide.
Under the agreement, Enel X Way will pair its JuiceNet software
platform with Tritium's 175kW fast charger and a 50kW variant of
the company's award-winning RTM to deliver smart fast charging
solutions for fleets, automakers, utilities, and public charging
sites along highways. The more than 250 fast chargers are expected
to qualify for a tax credit that was recently modified and extended
as part of the Inflation Reduction Act (IRA). Under the Alternative
Fuel Vehicle Refueling Property Credit, commercial projects now
qualify for a maximum incentive of 30% or $100,000 per charger (up from $30,000 per property), whichever is of lesser
value.
"The electrification of transportation requires
the removal of key barriers to EV adoption, most notably access to
charging, both at home and in public," said Chris Baker, Head of Enel X Way North America.
"This agreement will enable Enel X Way to expand its DC fast
charging offering with Tritium's flexible, scalable, US
manufactured DC fast chargers and infrastructure that makes
deploying charging sites easier for businesses and cities.This
fantastic partnership with Tritium will help Enel X Way meet the
increasing demand for fast charging and achieve our mutual goal of
electrifying transportation."
In the future, the companies intend to further expand their
relationship to meet the National Electric Vehicle Infrastructure
(NEVI) Formula Program objectives, which will support the
Biden-Harris Administration's goal to develop a national network of
500,000 EV chargers. To meet NEVI demand, Enel X Way intends to
deploy Tritium's Buy America-compliant PKM150 DC fast chargers.
Tritium's PKM150 and RTM are expected to begin US production at the
company's Tennessee factory this
fall and meet the Federal Highway Administration's Buy America
compliance requirement in the first quarter of 2023.
"As the world moves toward electrification at
unprecedented speeds, it's imperative that our industry rises to
the challenge to ensure everyone has access to fast and convenient
EV charging," said Jane Hunter,
Tritium CEO. "We believe that Enel X Way is an ideal company to
accelerate deployment of our charging technology, as they have
entities throughout the world and are well equipped and committed
to the expansion of electric vehicle infrastructure."
Through smart charging, utilities can manage and benefit from
this growth while ensuring a reliable, balanced, and clean electric
grid for all users. Enel X Way offers site hosts and partners a
complete line of interoperable, hardware agnostic, OCPP compliant,
SOC-2 compliant, smart grid EV charging solutions, meeting the
highest industry standards.
Tritium and Enel X Way have a long-standing business
relationship with the common goal to decarbonize transportation,
and this new agreement is the latest success in the companies'
partnership. The companies plan to sign additional regional
contracts to further expand access to fast charging around the
world.
In North America, Enel X Way is
qualified for more than 60 commercial utility and state incentive
programs, including 30 DC fast charging incentive programs. The
Enel X Way software platform allows utilities to monitor and
analyze demand from participating charging stations and manage
charging to respond to and align with real-time grid conditions.
Enel X Way has also received AICPA SOC 2® certification, which
safeguards customer and driver data demonstrating its commitment to
the highest cyber security standards.
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.
About Enel X Way
Enel X Way is a global leader in smart electric vehicle charging
solutions with over 380,000 charging ports worldwide, including
roaming agreements. As a subsidiary of Fortune 200 renewable energy
leader, the Enel Group, Enel X Way is committed to providing smart
mobility solutions for drivers, businesses and partners to make
driving electric simple. Enel X Way's flagship home charging
station, the JuiceBox, has been named the "best EV charger overall"
in 2022 by CNET, Car and Driver, This Old House, and Road &
Track.
For more information, please visit our website and follow us on
Twitter, Instagram and Facebook @enelxwayna.
Forward Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. The Company's actual
results may differ from its expectations, estimates and projections
and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company's expectations, hopes, believes, intentions or strategies
for the future. These forward-looking statements involve
significant risks and uncertainties that could cause the actual
results to differ materially from the expected results. You should
carefully consider the risks and uncertainties described in the
documents filed by the Company from time to time with the U.S.
Securities and Exchange Commission. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Most of these factors are
outside the Company's control and are difficult to predict. The
Company cautions not to place undue reliance upon any
forward-looking statements, including projections, which speak only
as of the date made. The Company does not undertake or accept any
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Tritium Media Contact Jack Ulrich
media@tritium.com.au
Tritium Investor Contact
Caldwell Bailey
ICR, Inc.
TritiumIR@icrinc.com
Enel X Way North America Contact
Matt Epting
+1 405 358 3446
Matt.Epting@enel.com
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SOURCE Enel X Way North America