Radial Power has announced a new, strategic expansion into the electric vehicle (EV) charging market. Radial Power will develop, own, and operate EV charging stations on portfolio properties, including solar systems and battery energy storage systems.
Radial’s expansion into the EV charging market is a significant step towards the decarbonization of large real estate portfolios.
With the increasing demand for electric vehicles and the need for EV charging infrastructure, Radial Power’s services provide an opportunity for property owners to incorporate renewable energy and sustainable solutions into their properties.
By owning, operating, and managing EV charging stations for clients, Radial Power is ensuring seamless operations for clients.
“We are proud to announce the launch of Radial Power’s EV charging station ownership program,” said John Bates, CEO of Radial Power. “As the world moves towards sustainable transportation solutions, EV charging infrastructure is becoming increasingly crucial. With our expertise in distributed generation and our commitment to sustainability, we are well-positioned to meet our clients’ EV charging needs while advancing a greener and more sustainable future.”
Radial Power’s national expansion into the EV charging market will include more than 10,000 chargers over the next several years across multi-family, office, hospitality, and industrial properties. Radial Power’s entry into the EV charging market is further strengthened through its partnership with Loop, a prominent charging station manufacturer and network provider.
Loop’s expertise and innovative technology solutions ensure that Radial Power’s EV charging stations are seamlessly integrated into the broader EV charging ecosystem.
“The addition of EV charging infrastructure is a pivotal step in enhancing the appeal of multi-family properties to current and prospective tenants,” said Brian Soss, a senior VP with Starwood Capital’s Multi-Family Asset Class. “This initiative not only aligns with evolving tenant preferences, but also supports sustainable living. Radial Power’s ability to execute this program across multiple markets underscores their commitment to providing comprehensive solutions that cater to both environmental concerns and tenant needs.”
In addition to EV charging stations, Radial Power will continue to provide various financing options for its clients, including in respect of solar systems, battery energy storage systems, and other distributed generation assets.
Filed Under: Charging, Technology News