The recent $100M funding announcement for EV Charger Reliability and Accessibility Accelerator (RAA) could lead to an influx of tens of millions of taxpayer dollars to ChargePoint based on the data provided in the chart.
The RAA's eligibility requirements depend on the use of the Temporarily Unavailable (TU) status in the DOE's AFDC database. ChargePoint has a large, aging, legacy L2 infrastructure of which currently 6.6% is marked TU. Blink has a smaller L2 network but almost 12% is inoperable today.
It's possible that states and site hosts could chose to replace this equipment with another vendor, but if they stay with ChargePoint and Blink at the recommended $5,000 cost estimate, that comes to almost $20M for ChargePoint and nearly $11M to Blink for L2 replacement. See the table for others that may stand to benefit.
Have a question or need more information about our services? Fill out the form below, and one of our experts will get back to you soon.