Renewable Energy Stocks Alert: EV Charging News from Car Charging Group (OTCBB: CCGI), Ecotality (NasdaqCM: ECTY), GE Energy (NYSE: GE)
Point Roberts WA-, December 16, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, issues an update on recent news and events in the EV charging market as reported this week from three publicly traded companies in the sector; Car Charging Group, Inc. (OTCBB:CCGI),Ecotality, Inc.(NasdaqCM: ECTY ) and GE Energy (NYSE: GE).
Car Charging Group, Inc. (OTCBB:CCGI), a provider of electric vehicle (NYSE:EV) charging services, announced yesterday it has been awarded a $1 million grant by the Pennsylvania Department of Environmental Protection to install EV charging stations at 17 service plazas on the Pennsylvania Turnpike.
"This grant represents a tremendous accomplishment for our Company and endorsement of our industry leading capabilities to install and operate EV charging stations," said Michael D. Farkas, CEO of Car Charging Group. "We are extremely excited about this major project with the Pennsylvania Department of Environmental Protection to further develop EV infrastructure on the Pennsylvania Turnpike."
ECOtality, Inc. (NASDAQ:ECTY) announced yesterday a partnership with Kohl’s Department Stores (NYSE: KSS) to install Blink® Pedestal electric vehicle (EV) charging stations at 14 Kohl’s locations nationwide. As the newest EV Project partner, Kohl’s will work together with ECOtality to identify sites for the charging stations in EV Project markets in California, Oregon, Washington, Arizona and Tennessee. The stock is trading up at 0.9873 0.0173 (1.78%) at the time of this release.
GE Energy (NYSE: GE) announced earlier this week it has reached an agreement with Amazon.com to sell its award-winning GE WattStationTM Wall Mount electric vehicle (EV) charger directly to U.S. consumers through the online retailer’s popular website.
“As demand and interest in the GE WattStation continues to grow, we’re excited to give our customers an easy way to purchase the charger,” said Sergio Corbo, chief marketing officer for GE Energy’s Industrial Solutions business. “We believe the product is well-suited to an online purchasing experience.” GE is trading at $16.94, up 0.15 (0.89%) 12:37PM EST.
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