Hypercharge Networks Corp V.HC

Tricon Deal & rising Charger demand for Mixed-use buildings

[StockHawk1]

Under Hypercharge Networks' (HC.n) deal with Tricon Residential, the EV Charging Infrastructure company will provide EV charging to 2 of Tricon's mixed-use commercial-residential properties in Downtown Toronto. 

Natural Resources Canada estimates EV adoption to reach 60% in Canada by 2030. So, many more people will want EV charger access close to their homes, including those in apartments, condos, etc. 

HC is proving 9 charging ports Tricon as a part of this deal but considering that EV demand and 

mixed-use development construction is on the rise, I think HC should see many more contracts like this in the future, 

https://ca.finance.yahoo.com/news/hypercharge-announces-ev-charging-two-133000352.html

 

[XeniaTechie]

I’m still impressed with the recent contracts announced by Hypercharge Networks, securing an agreement to install 39 Level 2 chargers in a Toronto residential development, and another installing nine level 2 charging points in a new office building in Vancouver’s Cambie Corridor with Spaces City Link. These contracts are a positive development for Hypercharge, as the global EV charging market is