EV charging is becoming an essential part of the world’s transportation infrastructure, yet current levels of charging are not enough considering governmental goals. We’re going to need a lot more chargers which also means that governments and companies are investing billions into the industry, making it an interesting growth opportunity.
$HC.N just announced some huge news this morning with a 748 Level 2 charger deal with PCI Developments in Surrey.
- Selected by PCI Developments to provide 748 Level 2 charging stations to King George Hub, which is scheduled for occupancy in early 2025.
- Every stall (748) will have access to an EV charging station.
- The project will be completed with Mott Electric, which will manage the installation of all chargers and infrastructure requirements.
https://ca.finance.yahoo.com/news/hypercharge-supply-748-ev-charging-123000542.html
This is their largest deal to date, nearly accounting for 50% of all the chargers delivered from their last financial report. With $HC.N beating out numerous competitors for the deal, PCI could be a funnel for future charging deals as they’ve developed over 6M sqft since inception. I’m surprised that the price hasn’t moved today, but it could be an opportunity to get in before the momentum continues.