This US$200m joint venture will leverage EV Realty's charging technology and GreenPoint's real estate expertise to identify prime locations and build high-powered charging stations in key logistics areas.
EV Realty will manage these stations, providing essential charging services to commercial fleets. The company has a proven track record in building large-scale energy infrastructure, having installed numerous charging stations in California over the past five years.
This partnership aims to address the challenges of electrifying large commercial fleets. Its strategically located charging hubs will provide the necessary power capacity to support these vehicles. EV Realty's charging network in California is expected to be significantly expanded, adding to its existing stations in Oakland, Livermore, and San Bernardino.
"This partnership unites two organisations committed to accelerating the electrification of the global economy," said GreenPoint's CEO Chris Green. "California leads the US in EV adoption, but there's a critical need for more charging infrastructure to meet the growing demand from commercial fleets. By combining our expertise, we can create a scalable solution and build a network of high-powered charging stations that benefit fleet operators in California, while also serving as a model for future projects nationwide."
