BitNile’s subsidiary receives certifications for its EV chargers

Jul. 18, 2022 6:48 AM ETBitNile Holdings, Inc. (NILE)By: Khyathi Dalal, SA News Editor
  • BitNile's (NYSE:NILE) green energy technology and power supply subsidiary, TurnOnGreen has multiple Level 2 EV chargers and DC fast chargers approved for rebate by the California Electric Vehicle Infrastructure Project and Southern California Edison Charge Ready Program.
  • The company has also earned an ENERGY STAR certification for its EV700 32-amp EV charger for residential and commercial installations.
  • According to a report by Grand View Research, as of 2021, the U.S. EV charging infrastructure market has an estimated value of $2.85B and is expected to advance at CAGR of 36.9% from 2022 to 2030.
  • Shares trading 6.5% higher premarket.

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