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ECOtality Capitalizes On EV Infrastructure Funding

Date: 02 March 2011

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EXECUTIVE SUMMARY

Electric Vehicle (EV) infrastructure firm ECOtality has secured $114.8 million in grants from the US Department of Energy in order to implement ‘The EV Project’. This represents the largest EV infrastructure project in the USA with a total value of $230 million. Its objective is to deploy and evaluate techniques for optimizing the effectiveness of infrastructure which supports widespread EV deployment. The project will see the roll out of 8,300 home charging units and 6,600 public charging units across 18 cities over the next two years. The home charging units will be made available free of charge to 2,600 Chevrolet Volt customers and 5,700 Nissan Leaf customers. ECOtality has established industry partnerships to develop its solution, and also closed early deals to install its EV infrastructure at commercial locations.

TABLE OF CONTENTS

ECOTALITY CAPITALIZES ON EV INFRASTRUCTURE FUNDING
ECOtality Wins Funds To Introduce ‘The EV Project’ To San Francisco
Strategic Partnerships Get The Project Off The Ground

COMPANIES MENTIONED

ABB, Alchemy Enterprises, ARCO, Bay Area Air Quality Management District, Best Buy, Better Place, BP, CE Electric UK, China Southern Power Grid, Cisco, Cracker Barrel Old Country Store, ECOtality, General Motors, Nasdaq, Nissan, Qualcomm, Roush, Sprint Nextel, US Department of Energy