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.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.