Thursday, February 24, 2011

ECOtality Inc. (ECTY) Launches Multi-Million Dollar Electric Vehicle Charging Stations Project in Oregon

Yesterday, leading clean electric technologies provider ECOtality, Inc. began the installation of its Blink™ Level 2 Residential Charging Stations in Oregon, a product designed to support electric vehicles (EV). As project manager of The EV Project, the company will install Blink residential chargers to support the launch of more than 8,300 EVs throughout the United States.

ECOtality will oversee the installation of commercial and residential charging stations in 18 cities and major metropolitan areas throughout six states and the District of Columbia. The project is funded by the U.S. Department of Energy through a federal stimulus grant of $114.8 million, made possible by the American Recovery and Reinvestment Act. The grants are matched by private investment, bringing the total value of the project to approximately $230 million. The project’s goal is to provide an infrastructure to support the deployment of 8,300 EVs.

Today’s event in Portland marks the first step in creating a rich charging infrastructure and the culmination of nearly two years of EV Project planning. Following the first Blink installations in San Diego and Los Angeles, it lays the groundwork for future Blink commercial charging stations, including the Blink Level 2 Pedestal Charger and Blink DC Fast Charger.

In September 2010, ECOtality revealed potential locations for more than 1,100 publicly available chargers in Portland, Salem, Corvallis and Eugene and also announced plans to place stations in Medford and Ashland, thus creating a framework of electric vehicle charging stations throughout the length of the state.

“The infrastructure that supports the expansion of electric vehicle use in Oregon continues to develop,” said Oregon State Representative Tobias Read and co-chair of the House Transportation and Economic Development Committee. “I will continue to advocate for policies that promote electric vehicles and help seize opportunities they present in Oregon. After all, electric cars may be quiet on the road but they will make a lot of noise in Oregon’s economic future.”

As part of the largest rollout of EV infrastructure in history, ECOtality will monitor the energy usage and output of charging stations to determine a viable method for mass adoption of electric vehicles and empower the smart grid. Portland General Electric, a participant in The EV Project, is helping lead regional efforts in electric transportation.

Jonathan Read, CEO of ECOtality, remarked, “The first installations of Blink home charging stations mark the start of a new age for EVs, and we are excited to continue to drive consumer EV adoption not only in Oregon but across the country. Today we move from planning to implementation, and we thank our project partners in Oregon for their efforts in bringing charging stations to the places where Oregonians live, work, eat and play. This Blink charging station is the first of many, and we look forward to installing our smart Blink EV charging solutions as more EVs hit the road.”

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