Volta Charging ($VLTA) Awarded DOE Funding to Commercialize Next Generation EV Charging Technology
November 23, 2022 – TheNewswire - Volta Charging (NYSE:VLTA) has been awarded a grant from the U.S Department of Energy on a partnership project with Imagen Energy to develop and commercialize the next generation of domestically manufactured DC fast charging technologies.
Through the collaboration, the two companies are seeking to develop and commercialize EV chargers that are more flexible, powerful, and affordable with a specific focus on scalability, compliance, and accessibility. Volta says that it will leverage its patented, award-winning PredictEV infrastructure planning software to identify optimal sites for effective piloting and initial deployment.
Equipment is being engineered to deliver at least 150kW and be manufactured in the United States. The technology will attempt to fulfill network connectivity requirements, including Plug and Charge capabilities and communication through the Open Charge Point Protocol (OCPP) and Open Charge Point Interface protocol.
Vince Cubbage, Interim CEO at Volta stated: “While this is a modest initial government grant that does not replace the need for the capital we are currently raising, it is proof of Volta’s ability to align our business with the federal government’s priorities.”
Volta is an industry-leading electric vehicle charging and media company that is building a unique network of charging stations to power vehicles and drive business growth while accelerating a clean energy future.
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