This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nissan To Triple Electric Vehicle Fast-Chargers; Partners With NRG Energy To Build First Fast-Charge Network In Washington D.C. Area

Stocks in this article: NSANY

WASHINGTON, Jan. 31, 2013 /PRNewswire/ -- At the Washington Auto Show today, Nissan outlined its strategy for tripling the current electric vehicle quick-charging infrastructure in the United States with the addition of at least 500 quick-charging stations in the next 18 months, including the greater Washington D.C. area's first fast-charge network.

(Photo: http://photos.prnewswire.com/prnh/20130131/CL52025)

(Logo: http://photos.prnewswire.com/prnh/20080506/NISSANWORDMARKLOGO)

Nissan and its charging infrastructure partners estimate that about 160 fast chargers are currently available for public use across the United States, and no fast chargers are available for public use in Washington D.C. Most electric vehicle (EV) drivers now rely on home charging, and having additional charging options can significantly increase their rate of EV driving.

"We envision a quick-charging network that links communities and neighborhoods where people live, work, shop and socialize," said Brendan Jones, Nissan's director of electric vehicle marketing and sales strategy. "Having a robust charging infrastructure helps build range confidence, which boosts interest in and use of electric vehicles. By improving the charging infrastructure, Nissan furthers its commitment to bringing electric vehicles to markets throughout the United States."

Nissan's strategy is focused on a three-prong approach to increase the number of available fast chargers though its dealer network, workplace campus charging and opportunities within local neighborhoods that help interconnect communities where drivers spend the bulk of their time and do the majority of their driving. Nissan is working with its dealers, local municipalities and infrastructure partners that include NRG Energy and its eVgo® Network to increase the current number of public charging options.

A key part of this infrastructure enhancement is eVgo's new greater Washington, D.C. ecosystem, which will include a network of 40 eVgo Freedom Station ® sites across the area. Each Freedom Station site will have a Nissan fast charger that can provide EVs such as the Nissan LEAF with up to an 80 percent charge in less than 30 minutes. NRG's new greater Washington, D.C. network will be the first such network of fast chargers in the northeastern United States. NRG currently operates similar networks in Houston and the Dallas/Fort Worth Metroplex and has announced networks in the San Francisco, Los Angeles, San Diego and San Joaquin Valley areas.   

Through its subsidiary eVgo, NRG's investment of approximately $150 million in EV charging infrastructure will provide EV drivers with access to hundreds of public fast-charging Freedom Station sites along with level 2 (240-volt) charging stations at homes, offices, multi-family communities, schools and hospitals across Texas, California and the greater Washington, D.C. metropolitan area. eVgo provides charging solutions directly to EV owners as well as businesses looking to serve the EV charging needs of their residents, tenants, employees or customers. Service plans offered by eVgo enable EV owners to avoid paying large up-front costs for a charger and provide unlimited charging at Freedom Station sites for a monthly fee.

"NRG's new ecosystem in the greater Washington, D.C. area will provide range confidence and convenience to EV drivers," said Glen Stancil, vice president at eVgo. "Nissan's fast chargers are a critical element of the overall ecosystem, which will also include charging solutions for single-family homes, multi-family communities and workplaces. This eVgo ecosystem will enable drivers in our nation's capital to confidently enjoy the benefits of electric vehicle ownership."

In addition to growing the number of public charging stations, Nissan aims to make charging available in more workplaces. While the majority of electric vehicle owners heavily rely on home charging, workplace charging has grown in popularity with an increasing number of companies providing this benefit.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,561.89 +205.02 1.18%
S&P 500 2,037.81 +24.92 1.24%
NASDAQ 4,709.2010 +64.8890 1.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs