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  • Walgreens (WAG) Partners With Car Charging Group, Inc. (CCGI) To Expand Electric Vehicle Charging Services In Florida 0 comments
    Apr 17, 2012 2:30 PM | about stocks: WAG

    Walgreens recently announced that the company has expanded electric vehicle (NYSE:EV) charging services in the Tampa/St. Petersburg, FL area with the help of Car Charging Group. There are also plans set to expand EV charging services into further areas of Florida, as well as in Arizona, Ohio, and Texas.

    Walgreens is the nation's largest drugstore chain, with nearly 8,000 locations across all 50 states and Puerto Rico. Car Charging Group is focused on building a nationwide network of EV charging services. The company offers a client-friendly business model in that all costs associated with installing an EV charging service at a specific location are paid for by Car Charging Group themselves, including equipment installation and maintenance, along with related services.

    The EV charging stations, known as Level II, supply 240 volts with 32 amps of power, which quickly refuel an electric vehicle's battery. The system is operated via an RIFD keychain card that a driver receives when creating a CarCharging account with Car Charging Group. The card is then used to facilitate payment at CarCharging stations, as well as other stations within the ChargePoint Network. ChargePoint also offers a mobile app that allows for locating ChargePoint stations.

    Walgreens market vice president, Marlin Hutchens, said, "Environmental sustainability is part of Walgreens commitment to help our customers live well, stay well and get well. As more people choose greener, healthier lifestyles, we are excited to work with Car Charging Group to expand convenient EV charging options in the Orlando and Tampa/St. Petersburg areas as well as in several new states and markets to come."

    "Walgreens dedication to the EV movement is unmatched by any other major retailer," commented Michael D. Farkas, CEO of Car Charging Group, Inc. "Walgreens stores are ideal locations for EV drivers to top-off their batteries while shopping. Walgreens commitment to providing EV charging services to its customers nationwide is a testament to its support of environmental sustainability and of electric vehicle use."

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: WAG
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