Chase to Pilot Fast Electric Vehicle Charging Stations at Select U.S. Branches
April 07 2022 - 9:00AM
Business Wire
- Bank works with EVgo to install charging stations at 50 branch
locations
- Targeting expansion of on-site solar power to an additional 400
branches by the end of 2022 to help minimize operational
environmental impact
Chase today announced that it will pilot public fast electric
vehicle charging stations across 50 of its U.S. branches beginning
this summer. This adds to the firm’s efforts to promote
environmental sustainability in its retail locations as it also
aims to expand on-site solar power to approximately 400 additional
branches by the end of 2022.
To bring the charging stations to branches, the bank partnered
with EVgo, a pioneer and innovator in transportation
electrification. The company builds, owns and operates the nation’s
largest network of public DC fast chargers, powered by 100%
renewable energy.
Charging stations at branches bring added convenience to
customers, allowing them to set up a meeting with a banker and
conduct their banking needs while charging their cars.
“We’re always listening and taking feedback from customers when
it comes to the branch experience, and we know environmental
sustainability is important to them,” said Jennifer Roberts, CEO of
Chase Consumer Banking. “We’re excited to work together with EVgo
to bring electric vehicle charging to our branches and offer this
important service to thousands of customers and their
communities.”
Fast chargers will be installed at select Chase branch locations
in states like California, Indiana, Illinois, New York, Oregon, and
Pennsylvania, offering thousands of drivers access to 100kW and
350kW chargers that can charge vehicles as much as 80% in 15-45
minutes.* The bank expects to have all stations available for use
by the summer of 2023.
Once installed and operational at the 50 branch locations, EVgo
estimates chargers will deliver up to 9.4million kWh annually to
provide nearly 30 million EV miles charged, equivalent to avoiding
12,000 mt of CO2 and planting approximately 196,000 trees each
year.
“Reducing the amount of pollution from tailpipes will have real
benefits for consumers and communities, and increasing the
availability of convenient public fast charging gives more drivers
peace of mind to switch to electric,” said Cathy Zoi, CEO of EVgo.
“Having access to fast charging in everyday settings of life – the
local bank being a great example as well as an important community
staple – is truly key. We’re excited to partner with Chase, and
together with our shared values, we look forward to working
together on decarbonizing transportation and improving our
communities.”
Transportation is the largest source of greenhouse gas emissions
in the United States. While electric vehicles promise to be the
future of transportation – projected to reach 145 million on the
road by 2030 – the lack of charging infrastructure is one of the
biggest hurdles to EV adoption. This collaboration will help scale
the EV industry in communities across the U.S.
The installation of EVgo charging stations, powered by 100%
renewable energy, builds on JPMorgan Chase’s efforts to promote
environmental sustainability and the adoption of renewables,
including in its thousands of retail branches across the U.S.
In the coming months, Chase will also continue to expand on-site
solar power at its branches across the U.S. To date, Chase has
added solar installations at over 350 branches in Michigan, Arizona
Nevada, and California, with additional projects underway in
Florida, Ohio, Colorado, Illinois, Louisiana, Indiana and New York.
Chase’s goal is to complete solar installations at approximately
400 additional branches plus 125 carports – solar panels installed
above parking lots – by the end of 2022. When the project is
complete, it will provide over 25 megawatts of solar capacity, or
enough to power approximately 3,200 homes. This effort is part of
the firm’s strategy to minimize the environmental impact of its
operations, and will contribute toward the goal of reducing
greenhouse gas emissions from its buildings, branches and data
centers by 40% by 2030.
##
* Actual charging speed depends on vehicle’s charging
capability
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading financial services
firm based in the United States with assets of $3.7 trillion and
operations worldwide. Chase serves more than 60 million American
households with a broad range of financial services, including
personal banking, credit cards, mortgages, auto financing,
investment advice, small business loans and payment processing.
Customers can choose how and where they want to bank: Nearly 4,800
branches in 48 states and the District of Columbia, 16,000 ATMs,
mobile, online and by phone. For more information, go to
chase.com.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging
network for electric vehicles, and the first to be powered by 100%
renewable energy. With more than 850 charging locations, EVgo’s
owned and operated charging network serves over 60 metropolitan
areas across more than 30 states and approximately 340,000 customer
accounts. Founded in 2010, EVgo leads the way on transportation
electrification, partnering with automakers; fleet and rideshare
operators; retail hosts such as hotels, shopping centers, gas
stations and parking lot operators; and other stakeholders to
deploy advanced charging technology to expand network availability
and make it easier for drivers across the U.S. to enjoy the
benefits of driving an EV. As a charging technology first mover,
EVgo works closely with business and government leaders to
accelerate the ubiquitous adoption of EVs by providing a reliable
and convenient charging experience close to where drivers live,
work and play, whether for a daily commute or a commercial
fleet.
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version on businesswire.com: https://www.businesswire.com/news/home/20220407005093/en/
Chase media contact: Iba Reller iba.reller@jpmorgan.com
EVgo media contact: press@evgo.com
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