ChargePoint partners with Goldman Sachs Renewable Power to offer new customer solutions to accelerate EV charging deployment
March 29 2022 - 8:00AM
Business Wire
Industry leaders create tailored options for
enterprise customers to drive faster adoption of clean energy
without upfront capital investment for EV charging
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 Service® (CPaaS®) product family to reduce
upfront costs of EV charging technology for eligible customers.
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ChargePoint partners with Goldman Sachs
Renewable Power to accelerate EV charging deployment (Graphic:
Business Wire)
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 infrastructure.
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 Relations.
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.
CHPT-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20220328005927/en/
ChargePoint Jennifer Bowcock VP, Communications
Jennifer.Bowcock@chargepoint.com media@chargepoint.com Patrick
Hamer VP, Capital Markets and Investor Relations 610-914-5190
Patrick.hamer@chargepoint.com investors@chargepoint.com Goldman
Sachs Renewable Power Steven Liu 212.357.5194
Steven.Liu@gs.com
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