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Chargepoint Announces Availability of NACS Solutions for New and Existing EV Charging Deployments
Chargepoint (CHPT) Announces Availability of NACS Solutions for New and Existing EV Charging Deployments
ChargePoint Holdings, Inc. (CHPT), a leading provider of solutions for charging electric vehicles (EVs), today announced the availability of NACS connector options for new orders and for currently installed CP6000, CPE 250, and Express Plus customers. The addition of NACS enabled solutions, in addition to J1772 or Combined Charging System (CCS) solutions, enables customers to serve the charging needs of any EV in any parking space.
“ChargePoint’s 15-year history as a leader in the EV revolution has prepared us for evolving market dynamics, as well as enabled us to predict customer and driver needs,” said Bill Loewenthal, Chief Product Officer at ChargePoint. “Our highly modular charging platforms, combined with our new NACS connector options, allow customers to be confident that their investment in EV charging is successful for any connector scenario. We remain committed to developing networked charging solutions that ensure any EV can charge in any parking space.”
ChargePoint’s DC line of products, the Express 250 and Express Plus, along with ChargePoint’s home-based AC line of products, the CPF50 and award-winning Home Flex will be sold or can be reconfigured with NACS connector options later this year. Similarly, ChargePoint’s newest commercial and light fleet product, the CP6000 will be sold or can be reconfigured with NACS connector options in early 2024. In addition to improving charging station compatibility with NACS, the ChargePoint mobile app, which allows EV drivers access to more than 743,000 active and roaming ports, currently includes personal location filters for NACS, J1772, CCS and CHAdeMO connectors so EV drivers can easily locate and access the proper charging solution for their vehicle.
Specifically designed to lower the cost of repair and maintenance, most ChargePoint charging stations offer cable modularity, enabling existing site hosts to replace, repair or exchange charging cables and connectors, including NACS connectors as needed. The addition of NACS connector options to ChargePoint’s product catalog ensures that customers and drivers will continue to benefit from a seamless, integrated charging experience before an anticipated spike in NACS-equipped EVs enter the U.S. market in 2025.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail, and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 172 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.
Forward Looking Statements
This release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the timing of the availability of NACS connector product options by ChargePoint, customer adoption of NACS enabled product options and the timing of NACS enabled vehicles entering the U.S. market. Forward-looking statements include statements regarding ChargePoint’s expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. These forward-looking statements involve risks, uncertainties, and assumptions, including risks and uncertainties included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in ChargePoint’s Form 10-Q filed with the SEC on June 8, 2023, which is available on ChargePoint’s website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that ChargePoint makes with the SEC from time to time. Forward-looking statements are not guarantees of future performance and actual results could differ materially from those expressed or implied by the statements made herein. All forward-looking statements in this press release are based on information available as of the date hereof and ChargePoint assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
CHPT-IR
View source version on businesswire.com: https://www.businesswire.com/news/home/20230626067275/en/
ChargePoint JP CantonPST, CaliforniaVice President, CommunicationsJP.Canton@chargepoint.com
AJ GosselinEST, BostonDirector, Corporate CommunicationsAJ.Gosselin@chargepoint.com media@chargepoint.com
Patrick HamerVP, Capital Markets and Investor RelationsPatrick.Hamer@chargepoint.com investors@chargepoint.com
Source: ChargePoint Holdings, Inc.
(Reuters) – The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock (NYSE:) to resolve an issue regarding oversight into the firm’s stock in banks, Bloomberg News reported on Sunday, citing three people with knowledge of the matter.
By Steven Scheer
JERUSALEM (Reuters) -Israel plans to use tax revenue it collects on behalf of the Palestinian Authority to pay the PA’s nearly 2 billion ($544 million) debt to state-run Israel Electric Co (IEC), Finance Minister Bezalel Smotrich said on Sunday.
Israel collects tax on goods that pass through Israel into the occupied West Bank on behalf of the PA and transfers the revenue to Ramallah under a longstanding arrangement between the two sides.
Since the Hamas-led attack on Israel on Oct. 7, 2023, triggered the war in Gaza, Smotrich has withheld sums totalling 800 million shekels earmarked for administration expenses in Gaza.
Those frozen funds are held in Norway and, he said at Sunday’s cabinet meeting, would instead be used to pay debt owed to the IEC of 1.9 billion shekels.
“The procedure was implemented after several anti-Israeli actions and included Norway’s unilateral recognition of a Palestinian state,” Smotrich told cabinet ministers.
“The PA’s debt to IEC resulted in high loans and interest rates, as well as damage to IEC’s credit, which were ultimately rolled over to the citizens of Israel.”
The Palestinian Finance Ministry said it had agreed for Norway to release a portion of funds from an account held since last January with 1.5 billion shekels, calling money in the account “a punitive measure linked to the government’s financial support for Gaza”.
The ministry said as part of the deal, 767 million shekels of the Norwegian-held funds will pay Israeli fuel companies for weekly fuel purchases over the coming months. A similar amount will be used to settle electricity-related debts owed by Palestinian distribution companies to IEC.
Smotrich has been opposed to sending funds to the PA, which uses the money to pay public sector wages. He accuses the PA of supporting the Oct. 7 attack in Israel led by the Islamist movement Hamas, which controlled Gaza. The PA is currently paying 50-60% of salaries.
Israel also deducts funds equal to the total amount of so-called martyr payments, which the PA pays to families of militants and civilians killed or imprisoned by Israeli authorities.
The Palestinian finance ministry said 2.1 billion shekels remain withheld by Israel, bringing the total withheld funds to over 3.6 billion shekels as of 2024.
Israel, it said, began deducting an average of 275 million shekels monthly from its tax revenues in October 2023, equivalent to the government’s monthly allocations for Gaza.
“This has exacerbated the financial crisis, as the government continues to transfer these allocations directly to the accounts of public servants in Gaza,” the ministry said.
It added it was working with international partners to secure the release of these funds as soon as possible.
($1 = 3.6763 shekels)
BUCHAREST (Reuters) – Tens of thousands of Romanians angered by the cancellation of a presidential election marched through Bucharest on Sunday to demand that the ballot should go ahead and that outgoing centrist President Klaus Iohannis should resign.
In a move that polarised voters, Romania’s top court voided the presidential election on Dec. 6, two days before the second round.
The cancellation came after state documents showed frontrunner Calin Georgescu, a critic of NATO, had benefited from an unfair social media campaign likely to have been orchestrated by Russia, accusations Moscow has denied.
The court ordered that the election be re-run in its entirety. The pro-European coalition government has yet to approve a calendar for the election, although party leaders agreed to hold the two rounds on May 4 and May 18.
Iohannis, whose term expired on Dec. 21, will stay on until his successor is elected.
On Sunday, tens of thousands of protesters, including left-wingers and those angered by the way the way the election was cancelled, joined the protest organised by the opposition hard-right Alliance for Uniting Romanians (AUR), Romania’s second-largest party.
“We ask for a return to democracy by resuming the election with the second round,” AUR leader George Simion told reporters.
Organizers said 100,000 people were at the protest, but riot police along the march estimated the numbers at around 20,000. Protesters waved flags and shouted “Freedom” and “Bring back the second round.”
“Our right to vote was broken,” said Bogdan Danila, a 43-year-old truck driver. “In addition, Iohannis was in power for ten years and did nothing for the people, while parties betrayed us, they are all corrupt. We want something else.”
Some protesters carried portraits of Georgescu or Christian Orthodox icons while street vendors sold flags and vuvuzelas.
“Authorities must say why they cancelled the election, we want to see the evidence,” said Cornelia, 57, an economist wrapped in a Romanian flag who declined to give her last name.
“At this rate we won’t be voting anymore, they will impose a leader like in the old days.”
It remains unclear whether Georgescu, who opposes Romanian support for Ukraine against Russia’s invasion, will be allowed to run for president again.
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