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XCharge North America and Ascentium Capital Boost EV Charging Accessibility and Profitability with New Leasing Program
Businesswire· 2025-09-23 11:30
Core Viewpoint - XCharge North America and Ascentium Capital have launched a pioneering initiative aimed at accelerating the development of EV charging infrastructure in the U.S. [1] Company Summary - XCharge North America is a subsidiary of XCHG Limited, listed on NASDAQ under the ticker XCH, and focuses on high-power EV charging and battery-integrated solutions [1] - Ascentium Capital, a division of Regions Bank, specializes in financing solutions for small business equipment [1] Industry Summary - The initiative is designed to enhance the EV charging infrastructure, which is critical for the growth of electric vehicle adoption in the U.S. [1]
XCHG Limited Reports the First Half of 2025 Unaudited Financial Results
Globenewswire· 2025-09-23 11:00
Core Viewpoint - XCharge Limited reported a significant decline in revenues and charger deliveries for the first half of 2025, attributed to external factors such as U.S. trade policy uncertainty and evolving renewable energy regulations, but remains optimistic about future growth and operational efficiency improvements [3][11][18]. Financial Performance - Revenues for the first six months of 2025 were $12.5 million, a decrease of 38.2% from $20.1 million in the same period of 2024 [10][11]. - Gross profit was $6.4 million, down from $9.8 million, with a gross margin of 51.3%, slightly up from 48.7% year-over-year [10][11]. - Operating loss increased to $7.4 million from a negligible loss of $0.004 million in the prior year [10][11]. - Net loss for the first half of 2025 was $7.3 million, compared to $0.2 million in the same period of 2024 [18]. Operational Highlights - Total EV charger deliveries fell to 472 units in the first half of 2025, down 59.1% from 1,155 units in the same period of 2024 [2][8]. - DC fast charger deliveries decreased by 40.6% to 454 units from 764 units year-over-year [2][8]. - Service revenues increased by 87.5% to $0.4 million, driven by higher maintenance services [11]. Management Insights - The CEO emphasized the company's resilience amid challenging market conditions and expressed confidence in the underlying demand for XCharge's solutions [3][4]. - A cost containment program has been initiated to enhance operational efficiency and strengthen the financial profile [4]. Management Change - Mr. Joel Adalberto Gallo was appointed as the Chief Financial Officer effective September 3, 2025, bringing over 30 years of experience in accounting and corporate finance [5][6]. Product Development - XCharge launched its GridLink charging system in Europe, fully adapted to meet EU standards, featuring advanced safety and efficiency technologies [7][9].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-09-22 17:05
RT Tesla Owners Silicon Valley (@teslaownersSV)What if your EV charger paid you back? 🪙@DeCharge__ turns EV charging into passive income.Learn more 👉🏼 https://t.co/LKKViBFWK2 https://t.co/5Qq007Unqk ...
Green Rain Energy Holdings (OTC: $GREH) Taps Wallace Engineering For Development & Co-Ownership Of Selected EV Charging Projects
Accessnewswire· 2025-09-22 12:00
BEVERLY HILLS, CA / ACCESS Newswire / September 22, 2025 / Green Rain Energy Holdings (OTCID:GREH) is pleased to announce a joint venture with Wallace Engineering for Co-Development and ownership of EV charging projects across the country. This new endeavor is to utilize Wallace Engineering's record as a premier planning and construction company. ...
Green Rain Energy Holdings (OTC:$GREH) Approves Special Share Dividend For Late October
Accessnewswire· 2025-09-18 05:00
Core Viewpoint - Green Rain Energy Holdings has approved a special stock dividend for shareholders, indicating a positive outlook for the company in the EV charging and solar energy sectors [1] Company Summary - The company is categorized as an emerging player in the electric vehicle (EV) charging and solar energy market, suggesting potential growth opportunities [1] - The issuance of a special stock dividend reflects the company's commitment to enhancing shareholder value [1]
Rivian ($RIVN) | Hyliion ($HYLN) | Wallbox ($WBX) | PowerBank ($SUUN)
Youtube· 2025-09-17 12:59
Group 1 - Riven has commenced construction on a new manufacturing plant in Social Circle, Georgia, aimed at producing the next generation R2 SUV and R3 crossover [1] - Vehicle production is scheduled to begin in 2028, with an anticipated annual capacity of up to 400,000 vehicles [2] - Hilleion's Carno power module has been classified by the EPA as not being an internal combustion engine, which means it will only need to meet local air permitting requirements for power generation [2] Group 2 - Wallbox has launched a large-scale EV charging park at Munich airport, installing 275 chargers as part of the airport's long-term e-mobility strategy [3] - The new charging model features advanced connectivity, modular design, and dynamic load management for efficient charging at high-traffic commercial sites [3] - Power bank is advancing three community solar projects in Nova Scotia, with interconnection results expected within 30 days and construction planned for spring 2026, representing about 12.4% of 4 megawatts of DC power [3][4] Group 3 - The community solar projects in Nova Scotia are among only four awarded under the program aimed at achieving 80% renewable energy by 2030 and net zero by 2035 [4]
Helios Charging Launches New Platform for Clean Energy Tax Equity
Yahoo Finance· 2025-09-16 13:30
Company Overview - Helios Charging has launched a new website to connect accredited investors with tax equity opportunities in the clean energy sector, specifically targeting EV charging and solar projects in the United States [1][2] - The platform aims to simplify the investment process for accredited investors, thereby bridging the financing gap in the capital-intensive clean energy sector [2][5] Industry Context - The clean energy sector is experiencing growth due to increased demand for renewable energy and EV infrastructure, necessitating specialized financing mechanisms like tax equity investments [2] - Tax equity investments allow investors with significant tax liabilities to receive tax credits and benefits in exchange for funding projects, providing essential upfront capital for developers [2][5] Platform Features - The Helios Charging platform offers a "vertically integrated" approach, managing the entire project lifecycle from site assessment to installation and maintenance, ensuring quality and long-term viability of funded assets [3] - The website outlines the company's core services in EV charging, solar solutions, and tax equity investments, serving as a resource for potential partners and investors [3] Market Challenges - The EV charging and solar development market faces challenges such as high installation costs, grid capacity limitations, and regulatory hurdles [5] - There has been a shortage of traditional investors in the tax equity market, creating opportunities for new entrants like Helios Charging to target accredited private investors and expand the capital pool for clean energy projects [5]
Green Rain Energy Holdings (OTC:$GREH) Sets Sights on New Florida EV Charging Locale Through Driftwood Hospitality
Accessnewswire· 2025-09-12 10:00
Core Insights - Green Rain Energy Holdings, through its subsidiary Green Rain Solar Inc., has launched its first project in Florida, focusing on the installation of next-generation EV charging stations [1] - This project is located at the Hilton Cocoa Beach Oceanfront, managed by Driftwood Hospitality Management, highlighting the company's commitment to sustainable energy solutions [1] - The initiative aims to enhance the adoption of high-speed charging solutions across the nation [1] Company Developments - The installation of EV charging stations marks a significant step for Green Rain Energy in expanding its operations into new properties [1] - The partnership with Driftwood Hospitality Management indicates a strategic collaboration to promote sustainable energy practices within the hospitality sector [1] Industry Trends - The project reflects a growing trend in the energy sector towards the adoption of electric vehicle infrastructure, aligning with national efforts to promote sustainable energy [1] - The focus on high-speed charging solutions is indicative of the industry's shift towards enhancing the efficiency and accessibility of EV charging networks [1]
3 Top EV Stocks to Buy in September
The Motley Fool· 2025-09-12 07:12
Core Viewpoint - The electric vehicle (EV) market is currently experiencing a downturn, creating potential buying opportunities for contrarian investors in companies like BYD, QuantumScape, and EVgo [2][4]. Group 1: BYD - BYD became the world's largest EV maker in 2022, with annual vehicle sales increasing from 427,302 units in 2020 to 4.3 million units in 2024, and revenue rising fivefold to 777 billion yuan ($109 billion) [5]. - The company's vertical integration in manufacturing batteries, motors, chips, and power electronics has allowed it to control production costs and avoid supply chain issues, leading to competitive pricing in China's fragmented EV market [6]. - Analysts project BYD's revenue and adjusted EBITDA to grow at a CAGR of 15% and 11% respectively from 2024 to 2027, with the stock currently valued at 7 times this year's adjusted EBITDA [7][8]. Group 2: QuantumScape - QuantumScape is developing solid-state lithium metal batteries, which offer higher energy density and faster charging times compared to traditional lithium-ion batteries [9][10]. - The company plans to start generating revenue in 2026 through field tests and intends to license its technology to other automakers [11]. - Revenue is expected to increase from $5 million in 2026 to $62 million in 2027, although the stock is currently valued at 72 times its projected sales for 2027 [12]. Group 3: EVgo - EVgo operates 4,350 charging stalls and serves 1.5 million customers, with a 50% increase in charging stations and a 150% growth in its customer base since the end of 2022 [13]. - Analysts forecast a CAGR of 32% for EVgo's revenue from 2024 to 2027, with adjusted EBITDA expected to turn positive in 2026 and more than double in 2027 [14]. - The company's current valuation is low at just 1.5 times this year's sales, despite competition in the U.S. EV charging market [15].
Green Rain Energy Holdings Inc. (OTC: GREH) Projected to Break Ground on EV Project in Rochester, NY by October
Accessnewswire· 2025-09-11 19:20
Core Insights - Green Rain Energy Holdings Inc. is set to commence construction on a new Level 3 EV charging project in October 2025 [1] - This project is part of a larger initiative to enhance clean energy operations in the Northeastern United States [1] Company Developments - The new EV charging project will be located at 1600 W Ridge Road, Rochester, New York [1] - The initiative reflects Green Rain's commitment to renewable energy and sustainable infrastructure [1]