AI Online


ChargePoint partners with Goldman Sachs Renewable Power to offer new customer solutions to accelerate EV charging deployment

ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network,
today announced a partnership with Goldman Sachs Renewable Power (GSRP), a
strategic, long-term investor in clean energy projects. Together,
ChargePoint and Goldman Sachs Renewable Power are introducing new tailored
financing solutions as part of the ChargePoint as a ServiceR (CPaaSR)
product family to reduce upfront costs of EV charging technology for
eligible customers.

Through this unique partnership, eligible customers can choose the CPaaS
option that best fits their needs, which now includes both financed and
turnkey charging. The new financed option enables customers to pay for
charging infrastructure as an operational expense, and the turnkey option
enables customers offering public charging to host a station at zero cost to
them. This partnership will enable customers to implement a superior EV
charging solution at no capital expense.

Charging for businesses serving drivers

For retail and fueling and convenience applications, ChargePoint is the only
network with an integrated portfolio of hardware, cloud-based services and
support, delivering the smoothest possible experience for all businesses
serving EV drivers. With this partnership, ChargePoint and Goldman Sachs
Renewable Power are offering both financed and turnkey options to retailers,
including end-to-end construction, installation and maintenance. ChargePoint
charging software and driver-facing applications enable site hosts to easily
manage EV charging, attract and connect with drivers, and drive in-store
purchases via custom branding, promotions and integrations with loyalty
programs, even as they enjoy zero capital expense for charging

The move to fleet electrification just got easier

For fleet applications, ChargePoint and Goldman Sachs Renewable Power offer
a financed solution that enables fleets to retain control of their utility
meter, which includes charging infrastructure and support with construction,
installation and maintenance all for a monthly fee. The ChargePoint global
fleet solution portfolio includes everything fleets need to electrify and
optimize fueling as they grow, including fleet software for dynamic charging
optimization to ensure uptime for mission-critical vehicles, fuel cost
management, and integrations with telematics and fuel-card partners.

“This partnership with Goldman Sachs Renewable Power reduces the barrier to
entry for businesses who have been interested in adopting clean energy but
have held back due to lack of tailored financing,” said Pasquale Romano,
president and CEO of ChargePoint. “Fleet owners, retailers, fueling and
convenience providers, transit operators, and logistics firms, among others,
can now participate in the new fueling network without the upfront costs and
utilization risk typically associated with EV charging.”

“We are very pleased to partner with ChargePoint to offer comprehensive EV
charging solutions to enterprise customers,” said Jon Yoder, head of the
Renewable Power Group of Goldman Sachs Asset Management. “The partnership
between ChargePoint and GSRP was put together to offer an easier, better way
for fleet operators to prepare for conversion of their fleets to electric
and for businesses to serve their customers and employees, who increasingly
will arrive in EVs.”

These new turnkey options are available as part of the CPaaS product family
to eligible customers in North America who want to deploy EV charging across
their operations for no capital expense. This is the beginning of a
long-term partnership between ChargePoint and Goldman Sachs Renewable Power.
Together, ChargePoint and Goldman Sachs Renewable Power are helping remove
the barriers to large-scale EV charging adoption and providing an easy way
for customers of all kinds to participate in the electric revolution.

About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on
electricity. Since 2007, ChargePoint has been committed to making it easy
for businesses and drivers to go electric with one of the largest EV
charging networks and a comprehensive portfolio of charging solutions
available today. The ChargePoint cloud-based subscription platform and
software-defined charging hardware are designed to include options for every
charging scenario from home and multifamily to workplace, parking,
hospitality, retail and transport fleets of all types. Today, one
ChargePoint account provides access to hundreds of thousands of places to
charge in North America and Europe. To date, more than 110 million charging
sessions have been delivered, with drivers plugging into the ChargePoint
network approximately every two seconds. For more information, visit the
ChargePoint pressroom, the ChargePoint Investor Relations site, or contact
ChargePoint’s North American or European press offices or Investor

About Goldman Sachs Renewable Power LLC
Goldman Sachs Renewable Power LLC is a privately held company managed by the
Renewable Power Group of Goldman Sachs Asset Management (GSAM). GSRP is the
sponsor of more than 850 solar and battery storage projects across 27 U.S.
states that collectively have a capacity of more than 2.6 gigawatts of
clean, renewable power. GSRP takes a long-term ownership approach to the
operations and management of renewable assets and benefits from Goldman
Sachs’ extensive network of relationships, leading institutional
infrastructure and in-house industry knowledge and experience. GSAM is one
of the world’s leading asset managers with approximately $2.0 trillion in
assets under supervision globally as of Dec. 31, 2021.

Previous posts

Next posts

Sun. July 14th, 2024

Share this post