As part of the $2.5 billion recovery act funding awarded to the electric car industry, the Electric Transportation Engineering Corporation (eTec), ECOtality, Inc.(OTCBB: ETLY), was given a very important and symbolic portion.
They will team up with Nissan to deploy the largest electric vehilce and charging infrastructure ever undertaken.
eTec will receive $99.8 million which will be matched by $199 million in funds from regional participants to install a network of electric vehicle charging stations in each of five major US regions. These areas include Tennessee, Oregon, San Diego, Seattle and the Phoenix/Tucson region.
Within those same regions, partner Nissan will also deploy up to 1,000 of its newly unveiled Nissan LEAF zero-emission vehicles.
The aim of the project is to collect and analyze data on the real-world functioning of electric cars within diverse climactic and topographic regions, as well as to determine the functioning of public charging infrastructure within those poulated regions. As well, several potential methods of revenue generation within this market will be analyzed.
"Nissan appreciates the support of the Department of Energy in helping jumpstart the electrification of the transportation sector," said Scott Becker vice president, Legal and General Counsel, Nissan North America. "This is a major step in promoting zero-emission mobility in the United States. Nissan is looking forward to partnering with eTec to help make electric cars a reality and to help establish the charging networks in key markets."
Approximately 12,500 Level 2 (220V) charging systems and 250 Level 3 (fast-charge) systems produced by eTec will be installed.
"ECOtality is committed to enhancing America's energy independence, accelerating the market acceptance of electric transportation and supporting President Obama's goals for job creation and advanced electric drive vehicle deployment," stated Jonathan Read, President and CEO, ECOtality. "This Project underscores America's leadership role in clean electric transportation and exemplifies the Department of Energy's strategic foresight and commitment to improving our environment and economy. By developing a rich charge infrastructure in each market, this Project will enable a successful consumer experience amongst early EV adopters and increase market demand for electric transportation."