As charging infrastructure across the globe becomes an important issue when talking about EV feasibility, we’ve seen both companies and governments invest billions into the industry in order to meet their sustainability goals. For example, the US government recently opened a $2.5B fund to help create a larger charging network in the US. And with this demand comes a significant business opportunity, especially as the industry still has few competitors.
https://www.forbes.com/sites/alanohnsman/2023/03/14/us-ev-charging-network-gets-25-billion-boost-from-biden-administration/?sh=134fbf3946af
As the only publicly traded Canadian EV charging company, $HC.N has been working hard to capitalize on securing deals and expensing their network of Level 2 or 3 chargers.
- Just supplied CHEK Media Group with 6 Level 2 charging stations at the CHEK television station in Victoria in collaboration with ChargeFWD.
- Also secured a deal with the Ovare Group to deploy 6 chargers across Vancouver, Whistler, and Egremont -/ they begin their US strategy.
https://ca.finance.yahoo.com/news/hypercharge-supplies-ev-charging-stations-123000369.html
The continued deals show their commitment to serving their clients, and also could turn into further downstream installations as successful charging implementations will place $HC.N as the first choice for many of these companies in the future. Definitely one to watch as they continue to scale the business.