Georgia’sNo. 1 Volume and a Top 10U.S Ford Dealership Commissions Charge Enterprises for EV Charging and Solar Project

A leading energy, electrical, broadband, and EV charging structure company, has been named by Akins Ford – Georgia’s largest volume Ford dealer and a top ten FordU.S. dealership – for the turnkey engineering, procurement, and construction of 19 electric vehicles ( “ EV ”) charging stations and a 450 kW DC solar photovoltaic( “ PV ”) system. Greenspeed Energy Results, LLC, a Charge Enterprises company, will start the design in mid-December and will serve to advance Akins Ford’s electrification objects and larger charge to make sustainable transportation more accessible and accessible to its guests.
The cooperation will affect the installation of 19 total EV dishes – including two 120kW position 3 dishes with two charging anchorages each, one 180kW position 3 bowl with two charging anchorages, five19.2 kW position 2 dishes, and 11 NEMA containers for mobile9.6 kW position 2 dishes. Assuming the new structure facilitates 60 hours of charging per week, Akins Ford can anticipate these dishes to induce 3,000 hours of charging per time, equaling over 1.7 million kWh, enough energy to allow an electric battery vehicle to drive 6 million long hauls.

“ At Charge, our top precedence is to produce a future where transportation is clean, effective, and connected, ” said Craig Denson, Interim CEO and COO, of Charge Enterprises. “ We look forward to erecting out this holistic and scalable electrification and solar result for the platoon at Akins Ford to support its ambitious EV integration objects and better serve its guests. ”

In addition to the EV dishes, Greenspeed will also install rooftop solar panels and a solar cover over the EV charging stations. These sustainable additions are anticipated to neutralize 455 metric tons of Carbon Dioxide, which is original to the quantum of energy demanded to completely power nearly 60 homes.

“ This move marks a significant advancement for our strategic commitment to energy invention and decarbonization, including the electrification transition and grasp of solar power, ” said Brad Akins, Author of Akins Ford. “ The addition of these EV dishes and solar panels will give our guests with a pivotal service and further the larger sustainability pretensions of our business. ”

To help demonstrate the positive long-term environmental impact of these additions, Charge plans to install an energy dashboard in the dealership’s client Chesterfield that will display accumulated carbon emigration neutralized data from the EV dishes and solar panels.

“ As part of our current green energy action, Akins Ford formerly created 300,000 in periodic savings, and we anticipate this action to drive indeed more value as we prioritize new ways of allowing about energy product and doing our part to cover the terrain, ” said Molly Morris, Director of Operations at Akins Ford.

Notice Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor vittles of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current prospects or beliefs regarding unborn events or Charge’s unborn performance. frequently, but not always, forward- looking statements can be linked by the use of words similar as” plans”,” expects”,” is anticipated”,” budget”,” listed”,” estimates”, “ implicit ”,” continues”,” vaticinations”,” systems”,” predicts”,” intends”,” anticipates”,” targets” or” believes”, or variations of, or the negatives of, similar words and expressions or state that certain conduct, events or results” may”,” could”,” would”,” should”,” might” or” will” be taken, do or be achieved. All forward-looking statements, including those herein, are qualified by this exemplary statement. Although Charge believes that the prospects expressed in similar forward-looking statements are grounded on reasonable hypotheticals, similar statements involve pitfalls and misgivings, and factual results may differ materially from any unborn results expressed or inferred by similar forward-looking statements. similar pitfalls and misgivings include the capability to achieve the anticipated benefits of the Greenspeed accession, including the pitfalls that the Company’s community estimates are inaccurate or that the Company faces advanced than awaited integration or other costs in connection with the accession, the business plans and strategies of Charge, Charge’s capability to satisfy its debt payment scores or extend the maturity or refinance outstanding debt at or previous to maturity, Charge’s unborn business development, request acceptance of electric vehicles, and continued bus maker investment in electric vehicles, the success of Charge’s retail dealership action and the size, compass and success of the affiliated original installation systems, Charge’s capability to induce gains and positive cash inflow, changes in government regulations and government impulses, subventions, or other favorable government programs, rising interest rates, macroeconomic and geopolitical conditions, and the ongoing automotive assiduity labor disagreement and the impact on investments by our guests, and other pitfalls bandied in Charge’s forms with theU.S. Securities and Exchange Commission(” SEC”). compendiums are advised that the foregoing list of pitfalls and misgivings isn’t a total of the factors that may affect forward-looking statements. Consequently, compendiums shouldn’t place overdue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in similar statements. For further information on us, investors are encouraged to review our public forms with the SEC, including the factors described in the section identified “ threat Factors ” of Charge’s Annual Report on Form 10- K filed with the SEC on March 15, 2023, and posterior reports we file from time to time with the SEC, which are available on the SEC’s website Charge disclaims any intention or obligation to modernize or revise any forward-looking information, whether as a result of new information, unborn events, or else, other than as needed by law.

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