Volta Expands PredictEV® Capabilities That Support the Federal Government’s Justice40 Initiative and Enhance Community Charging Grant Applications
March 28 2023 - 5:30AM
Business Wire
New capability analyzes the travel patterns of
residents of disadvantaged communities to identify charger
locations that will maximize convenience and utilization
Volta Inc. (NYSE: VLTA) ("Volta"), an industry-leading electric
vehicle (EV) charging and media company, today announced that its
infrastructure planning solution, PredictEV®, now offers state and
local governments data-driven insight into the travel patterns of
disadvantaged community (DAC) residents to identify EV charger
locations that will maximize convenience and utilization with more
precision. The new feature further ensures infrastructure funds are
efficiently and effectively spent as governments develop
competitive applications for the Charging and Fueling
Infrastructure Discretionary Grant Program that uphold the federal
government's Justice40 goal.
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Volta Expands PredictEV® Capabilities
That Support the Federal Government's Justice40 Initiative and
Enhance Community Charging Grant Applications (Photo: Business
Wire)
PredictEV is an advanced infrastructure planning solution that
analyzes disparate data sources, including local mobility,
demographic, commercial, and site-specific data, to precisely
answer questions about expected EV adoption, optimal charger
locations, and the right mix of charging infrastructure. Today's
update builds on PredictEV's recent incorporation of census tract
data that identifies DACs by adding the ability to also analyze the
most popular vehicular travel routes of residents from these
areas.
“Combining these two datasets supports effective public EV
charging infrastructure planning for disadvantaged communities,
which is critical for accelerating EV adoption within these regions
due to the limited availability of at-home charging,” said Brandt
Hastings, Chief Commercial Officer at Volta. “Often, the best
locations to place chargers will be in highly-trafficked areas
within DACs. Other times, PredictEV’s travel data may reveal that
constructing an EV charger at a shopping center in an adjacent
community will result in significantly higher utilization due to
the popularity and convenience of that location.”
PredictEV has been used by Alabama's Department of Economic and
Community Affairs (ADECA) to develop its Electric Vehicle
Infrastructure Plan, and its insights informed Volta's
collaboration with the City of Irving and the State of Michigan and
DTE Energy. Electric utilities, including Southern Company,
Southern California Edison, and Tucson Electric Power, also use the
planning tool to forecast EV charging demands on the grid.
Hastings continued, “Volta is committed to supporting Charging
For All. We look forward to continuing our work with governments as
they design future-forward eMobility infrastructure plans that
maximize taxpayers' dollars and provide vital infrastructure to
disadvantaged communities.”
Government agencies and community organizations developing EV
charging infrastructure strategies and grant applications can learn
more about PredictEV by visiting
https://voltacharging.com/predictev or by emailing
predictev@voltacharging.com.
About Volta
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle
("EV") charging and media company. Volta's unique network of
charging stations powers vehicles and drives business growth while
accelerating a clean energy future. Volta delivers value to site
partners, brands, and consumers by installing charging stations
that feature large-format digital advertising screens located steps
away from the entrances of popular commercial locations. Retailers
can attract and influence foot traffic, advertisers can precisely
target audiences, and EV drivers can charge their vehicles
seamlessly as they go about their daily routines. Volta's extensive
network leverages its proprietary PredictEV® platform, which uses
sophisticated behavioral science and machine learning technology to
help commercial property owners, cities, and electric utilities
plan EV infrastructure intelligently, efficiently, and equitably.
To learn more, visit www.voltacharging.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws, including statements
regarding our electric vehicle charging and media network. These
forward-looking statements generally are identified by words such
as “anticipate,” “believe,” “estimate,” “expect,” “future,”
“intend,” “may,” “opportunity,” “plan,” “potential,” “project,”
“should,” “strategy,” “will,” “would,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to the factors, risks and
uncertainties included in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2021 and our Quarterly Reports on
Form 10-Q for the quarterly periods ended March 31, 2022 and June
30, 2022, as such factors may be updated from time to time in our
other filings with the Securities and Exchange Commission (the
"SEC"), accessible on the SEC’s website at www.sec.gov and the
Investor Relations section of our website at www.voltacharging.com.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
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and do not intend to update or revise these forward-looking
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version on businesswire.com: https://www.businesswire.com/news/home/20230328005268/en/
Media Contact: Lucas Piazza
lucas.piazza@voltacharging.com
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