CarCharging Continues to Operate EV Charging Stations under DoE Grant
Car Charging Group, a nationwide provider of EV (electric vehicle) charging services, will continue to operate the EV Project’s charging stations while the company works with the Department of Energy (“DoE”) to transfer its grant supporting the EV Project to CarCharging.
The charging stations were acquired under an asset purchase agreement in October 2013 by Blink Acquisition, a wholly-owned subsidiary of CarCharging. The DoE has extended the term of its grant until April 30, 2014, to allow the DoE and CarCharging to continue work on the transference of the grant.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services that provides a turnkey program to commercial and residential property owners for EV charging services. CarCharging owns and operates the EV charging equipment; manages the installation, maintenance, and related services; and shares some of the EV charging revenue with the property owner — thereby, eliminating most capital costs for the property owners, and providing a potential additional revenue stream.
More information at: www.CarCharging.com, www.BlinkHQ.com and www.TheEVProject.com
Category: General Update, Green
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