The premier DC fast charging network builder is commemorating the opening of its first station at a Taco Bell® restaurant in South San Francisco.
Taco Bell DC fast charger partner
With many more stations planned, ChargeNet Stations has partnered with Diversified Restaurant Group, one of the biggest Taco Bell franchisees, to install DC fast chargers at 100 sites around the state. In accordance with the agreement, principally 75kW and 100kW chargers will be installed, while 150kW stations may also be implemented in the future.
ChargeNet Stations and 3Degrees collaborated to create an innovative financing strategy that ensures the business will receive a minimum amount of value from its first 25 public charging stations for the following five years. 3Degrees is a company that assists organisations around the world in achieving renewable energy and decarbonization goals.
This tactic makes use of California’s Low Carbon Fuel Standard (LCFS), a programme created to encourage the installation of machinery and other infrastructure that lowers the state’s transportation emissions.
All EV plug types are compatible with ChargeNet Stations, which provides a 100-mile charge in 20 minutes or less for around USD 20. For reference, it would take roughly six hours to charge a vehicle 100 miles on a Level 2 charger.
Greenhouse gas emissions
41 percent of the state’s total greenhouse gas emissions are attributed to the transportation sector in California.
In order to lower emissions from this challenging industry, the LCFS was introduced in 2011. The programme enables businesses that consume, produce, or promote the use of low-carbon fuels to generate credits that can be sold to fossil fuel producers at market value.
By guaranteeing a certain number of LCFS credits for the first five years of the station’s operation, the programme also encourages the installation of DC fast chargers, allaying worries about infrastructure utilisation.
However, the programme makes no guarantees regarding the cost of the credits produced by this infrastructure, and the LCFS market has recently been unusually volatile, falling from highs of USD 150 at the beginning of the year to lows of USD 60 in early October.
Tosh Dutt, Founder and CEO said, “Our goal at ChargeNet Stations is to make EV available to everyone everywhere – to democratise EV charging by providing a fast, convenient, and affordable charge.”
“Meeting California’s EV adoption and transportation decarbonisation goals require mass deployment of EV charging infrastructure,” notes Dave Meyer, Director, Transportation Markets at 3Degrees.