Green Rain Energy Holdings, Inc. (OTC: GREH) Announces Arrival of Fast-Charging Units in Rochester; Points to Strong Industry Revenue Benchmarks as Launch Nears
Globenewswire·2025-12-04 13:15

Core Insights - Green Rain Energy Holdings, Inc. (GREH) has successfully transitioned from development to revenue generation with the arrival of two ChargeTronix 240 kW fast-charging units for the Rochester EV charging project [1][3] - The Rochester project is a collaboration with Rochester Gas & Electric (RG&E) and is managed by Wallace Energy, which is also financing the project [2] - The project is expected to be fully operational by mid-December 2025, marking GREH's entry into the EV charging revenue stage without incurring additional debt [3][11] EV Charger Market Momentum & Revenue Potential - The U.S. DC fast-charging market is projected to grow at a 14% compound annual growth rate through 2040, reaching approximately 475,000 public fast-charging ports [4] - Commercial DC fast chargers, like GREH's units, can generate between $36,000 and $144,000 in gross annual revenue per charger, depending on various factors [5] - Demand for fast-charging capacity is outpacing supply, with operators reporting increased utilization rates and revenue [6] Installation Timeline and Revenue Activation - The Rochester site will be a key revenue-generating milestone for GREH, with a project structure that supports efficient scaling of EV assets while protecting shareholder value [7] - Following the Rochester project, GREH will begin construction on Driftwood EV Level-2 charging projects in Albany and Saratoga, NY, expected to be completed by the end of January 2026 [8] Shareholder-Friendly Debt Negotiations - GREH is in discussions with its current debt holder to finalize a settlement aimed at reducing liabilities and improving capital flexibility for expansion [9][10]