💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Revel announces plans to expand EV charging across NYC

Published 01/11/2023, 03:23 AM
© Reuters.
EVGO
-

By Michael Elkins

Revel, a Brooklyn based electric mobility and infrastructure company, announced Monday that the company aims to expand the number of available fast chargers for electric vehicles across New York City.

The company plans to develop and open five new EV fast charging “superhubs” across multiple boroughs to add 136 public charging stalls, open 24/7 and compatible with any EV. The largest site will be located in Queens, and is set to feature 60 stalls, with smaller hubs in the Bronx, Brooklyn and Manhattan. Most sites are scheduled to open by the end of this year.

“Making fast, reliable electric vehicle charging accessible across New York City’s five boroughs is at the foundation of reducing emissions in our city,” said Deputy Mayor for Operations Meera Joshi in Revel’s press release. “We applaud Revel’s infrastructure investment in New York City, which will make it easier for drivers to go electric.”

Last year Revel installed the city’s first vehicle-to-grid two-way charging system and has received grant money from a New York state program spurring clean transportation. In November, Revel said they intend to open additional sites in major U.S. cities in 2023.

John Markowitz, senior director for eMobility at the New York Power Authority, was also quoted in the announcement. “New York State has made significant investments in electrifying the transportation sector and encouraging drivers to choose zero-emission vehicles. Building out charging infrastructure in New York City is a key part of the equation,” Markowitz said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.