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Green Rain Energy Holdings, Inc. (OTC: GREH) Announces Arrival of Fast-Charging Units in Rochester; Points to Strong Industry Revenue Benchmarks as Launch Nears
Globenewswireยท 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 [3][4][6] Company Developments - The Rochester project is being developed in partnership with Rochester Gas & Electric (RG&E), with Wallace Energy managing installation and operations [5] - Installation of the chargers is expected to be completed within one week, with full operational status anticipated by mid-December 2025 [5] - GREH has entered the EV charging revenue stage without incurring additional debt [6] Market 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 [7] - 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 [8] - Demand for fast-charging capacity is outpacing supply, indicating a favorable market environment for GREH's Rochester installation [9] Future Projects - Following the Rochester site activation, 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 [11] - These projects represent the next phase of GREH's EV infrastructure expansion across New York State [11] Financial Strategy - GREH is in discussions with its current debt holder to finalize a settlement aimed at reducing liabilities and strengthening the balance sheet [12][15] - The company emphasizes a shareholder-friendly approach, with no additional debt incurred, no shareholder dilution, and no capital-expenditure burden [14][15] Leadership Perspective - The CEO of GREH highlighted the significance of the Rochester project as a capital-efficient model that can be replicated across the Northeast [17]