ChargePoint Announces Three Megawatt Charging Architecture to Electrify the Future of the Trucking Industry

ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced its support for the Megawatt Charging System (MCS), the latest addition to ChargePoint’s leading DC fast charging lineup. The system is estimated to be capable of dispensing enough energy to power approximately 1000 homes, so the immense rate of charge will help enable the electrification of commercial trucking.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240515902357/en/

ChargePoint announces support for the Megawatt Charging System (MCS), the latest addition to ChargePoint’s leading DC fast charging lineup, to enable the electrification of commercial trucking. (Photo: Business Wire)

“Megawatt technology is the first step toward electrifying the commercial trucking industry,” said Hossein Kazemi, CTO for Hardware at ChargePoint. “Megawatt charging solves one half of the electrification equation for trucking. The companies developing electric trucks can now leverage this infrastructure to test and enable their vehicles until they meet – or even exceed – the distances covered by internal combustion trucks.”

The greatest benefit of an electrified trucking sector is the reduction of emissions, as transportation represents the largest polluting segment. The industry is currently responsible for an annual 400+ million metric tons of greenhouse gas emissions in the USA alone. The electrification of these vehicles will represent a significant step towards achieving global climate goals, but first the megawatt charging infrastructure must go into place to charge them.

The MCS cable and connector will be available on ChargePoint’s Power Link 2000 stations, part of the modular Express Plus DC fast charging platform. Initially, MCS will deliver up to 1.2 megawatts. The Megawatt Charging System supports bi-directional charging and will enable output of up to 3 megawatts in the future before vehicles capable of accepting such charge come. The system is also designed for charging in marine and aviation applications.

ChargePoint enables its customers to meet their electrification needs. Partners planning on megawatt charging can begin ChargePoint interoperability testing now to ensure a seamless deployment. ChargePoint’s Megawatt Charging System will be on display at the ACT Expo taking place May 20-23 in Las Vegas, NV. For more information, please visit the ChargePoint booth #3733 at the Las Vegas Convention Center West Hall, or online at: https://info.chargepoint.com/request-a-quote.html?product=homepage.

About ChargePoint Holdings, Inc.

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. 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.

CHPT-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515902357/en/

The ChargePoint Holdings Registered (A) Stock at the time of publication of the news with a raise of +1,61 % to 1,732EUR on Tradegate stock exchange (15. Mai 2024, 22:26 Uhr).