ChargePoint, EnTech Solutions™, and Wells Fargo to fill the
financial gap companies need to build EV infrastructure
ChargePoint (NYSE: CHPT), a leading provider of solutions for
charging electric vehicles (EVs), EnTech Solutions, a division of
Faith Technologies Incorporated (FTI) and a comprehensive
distributed energy solutions provider, and Wells Fargo (NYSE: WFC),
a leading financial services company, today announced their
collaboration to offer simplified, flexible financing solutions for
businesses building out charging infrastructure for EV fleets.
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eSkid™ charging solution, a rapidly
deployable EV charging platform utilizing ChargePoint hardware and
software (Photo: Wells Fargo)
Wells Fargo has worked with EnTech Solutions to create a
financing program specifically for the eSkid™ charging solution, a
rapidly deployable EV charging platform utilizing ChargePoint
hardware and software. The funding provides an affordable financial
package with various term options and a simple application process,
and it bundles the EnTech Solutions eSkid with ChargePoint
chargers, installation, warranty and software.
Installing charging infrastructure can typically be costly and
timely, but with EnTech Solutions’ eSkid charging solution and
Wells Fargo’s flexible, customizable loan and lease options,
businesses across the U.S. can embark on an affordable
sustainability journey.
What is an EnTech Solutions’ eSkid™ Charging
Solution?
EnTech Solutions’ eSkid charging solution is a rapidly
deployable EV charging station designed to drop in place, allowing
businesses to offer charging within days of installation. The eSkid
has configurable plates to accommodate different charger
orientations — it comes pre-wired for two ChargePoint Express 250
charging stations with the option to have different chargers
installed — providing flexible options intended for private use
with commercial vehicle fleets and businesses.
What are the benefits?
- Flexible: Charging stations are
impermanent and can be relocated as a business grows and evolves,
an ideal solution for companies that lease their facility.
- Configurable: The 4’x10’ pad has
configurable plates to accommodate different charger orientations
that fit best with any business operations.
- Quick to deploy: Pre-configured
wiring prior to arrival onsite make commissioning quick and
unobtrusive.
- Reduced civil work: The
above-ground skid option eliminates the need for a permanent
concrete pad, reducing project complexities.
- Custom branding: The eSkid
charging solution is a blank canvas and can be branded to suit a
business or fleet need.
“EnTech Solutions is pleased to collaborate with Wells Fargo and
ChargePoint to easily bring these flexible, configurable EV
charging solutions to EV owners and EV fleet managers,” said Wade
Leipold, executive vice president with Faith Technologies
Incorporated (FTI), the parent brand of EnTech Solutions.
“Together, we can contribute to lowering carbon emissions through
supporting the growth of electric vehicle utilization.”
“For many years our clients have told us a significant
impediment to the deployment electric vehicles in their fleets is
the availability and installation of charging equipment and
infrastructure,” says John Crum, head of Transportation for Wells
Fargo Equipment Finance. “We are excited to collaborate with
industry leaders such as ChargePoint and EnTech Solutions to bring
a streamlined financing program for the rapidly deployable, eSkid
charging stations that will provide opportunities for companies to
become more sustainable.”
“ChargePoint is committed to enabling opportunities for more
companies to participate in the transition to electric mobility,”
Rich Mohr, senior vice president, Americas, at ChargePoint. “With
Wells Fargo and EnTech Solutions, we are delivering an innovative,
turn-key charging solution, while simultaneously reducing a barrier
to entry by eliminating upfront investments in infrastructure and
drastically reducing time deployment.”
For more information or inquiries about eSkid charging station
solutions, please contact Steven Waters,
Steven.Waters@WellsFargo.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets. We
provide a diversified set of banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through our four reportable operating segments: Consumer Banking
and Lending, Commercial Banking, Corporate and Investment Banking,
and Wealth & Investment Management. Wells Fargo ranked No. 47
on Fortune’s 2023 rankings of America’s largest corporations. In
the communities we serve, the company focuses its social impact on
building a sustainable, inclusive future for all by supporting
housing affordability, small business growth, financial health, and
a low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories. Additional
information may be found at Wells Fargo LinkedIn:
https://www.linkedin.com/company/wellsfargo
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.
About EnTech Solutions
EnTech Solutions, a division of Faith Technologies Incorporated
(FTI), provides distributed energy capabilities, eMobility
charging, innovative sustainable fuel technologies and asset
management solutions for businesses looking for reliable, clean
energy solutions. We utilize proprietary energy modeling and
optimization software to ensure intelligent, comprehensive, and
resilient electricity is delivered from an infrastructure that
prioritizes the use of all available resources such as renewables,
storage and the utility grid. Making Clean Energy Smarter™ – for
our customers, the environment and the generations to come. For
more information, visit energybyentech.com.
All transactions are subject to credit approval. Some
restrictions may apply. The opinions expressed in this document are
general in nature and not intended to provide specific advice or
recommendations for any individual or association. Contact your
banker, attorney, accountant or tax advisor with regard to your
individual situation. The opinions of the author do not necessarily
reflect those of Wells Fargo Bank, N.A., Wells Fargo & Company
or any other Wells Fargo entity.
News Release Category: WF-PS
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version on businesswire.com: https://www.businesswire.com/news/home/20240228629001/en/
Media Trisha Schultz, 424-268-6202
Trisha.Schultz@wellsfargo.com
ChargePoint AJ Gosselin Director, Corporate
Communications AJ.Gosselin@chargepoint.com
media@chargepoint.com
Patrick Hamer Vice President, Capital Markets and Investor
Relations Patrick.Hamer@chargepoint.com
investors@chargepoint.com
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