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Wednesday, August 2, 2017

Strategic Investment Helps Cleantech Company Build Out Electric Vehicle Charging Networks

Strategic Investment Helps Cleantech Company Build Out Electric Vehicle Charging Networks

The Electric Vehicle Outlook report for 2017 from Bloomberg News Energy Finance predicted that more than half of all new cars sold will be plug-in electric vehicles by 2040 and as a result, electricity demand from vehicles will surge 300-fold from 2016's consumption.


Cleantech company, Greenlots has secured an undisclosed strategic investment from Energy Impact Partners (EIP), a coalition of energy investors, to expand its work with municipalities and utilities to provide open standards-based electric vehicle charging and energy management solutions for storage, solar, demand response and fleet management.  The investment is the first e-mobility investment by EIP.


Brett Hauser, CEO of Greenlots says the investment by EIP signals recognition by utilities around the globe that transportation electrification and the management of the resulting load is of utmost importance.


"Utilities will continue to play a critical role in furthering the interoperable integration of distributed energy resources like solar, wind, battery storage, and EV infrastructure, and this investment illustrates their plan for when extended range electric vehicles are ubiquitous," said Hauser.


Full story at http://bit.ly/2f1IBYU


Source: Forbes


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