Hypercharge Networks Corp., a leading, smart electric vehicle ("EV") charging solutions provider, is pleased to announce its conditional approval for up to 12 DC fast charging locations to be deployed in Western Canada, worth an estimated $2M-$3M. The project is anticipated to commence in the second half of 2024 and expected to continue through 2025, with revenue recognized upon delivery of charging stations.
This initiative, by a Western Canadian energy infrastructure provider, marks a substantial step in expanding public charging infrastructure across urban and rural areas in Western Canada. Conditional approval is subject to certain conditions, including but not limited to infrastructure buildout, including the development or expansion of certain physical facilities, and sufficient project financing.
"This significant initiative represents a tremendous opportunity for Hypercharge to partner with a leading energy infrastructure provider to enable innovative charging solutions. By increasing the availability of public fast charging stations, we further our goal of providing critical infrastructure required to accelerate the adoption of electric vehicles in Canada," said David Bibby, President and CEO of Hypercharge.
