NEW YORK, May 3, 2021 /PRNewswire/ -- A large
apartment building in Midtown Manhattan has the distinction of
being the first property in the region to install electric vehicle
chargers under Con Edison's PowerReady incentive program.
Building owner Solow Building Co. placed the chargers in a
garage at 685 First Avenue with help from PowerReady, which
provides incentives to bring electrical service to EV charging
stations. Each of the 10 level 2 charging plugs in the underground
garage can power a vehicle in about six hours.
Under the PowerReady program – formerly known as Make-Ready –
parties that install level 2 or direct-current fast chargers can
offset some, or in certain cases, all of the upfront infrastructure
costs of preparing a site. Charging stations installed within a
mile of disadvantaged communities qualify for the highest
incentives.
Con Edison will provide incentives for about 19,000 charging
plugs across New York City and
Westchester County by the end of
2025. Those will include more than 18,500 level 2 chargers and 450
direct-current fast chargers. The program already has hundreds of
applications and is seeing diverse interest across the region,
including from public charging stations, multi-family buildings and
workplace charging.
Level 2 chargers provide 240 volts, about the same amount it
takes to power a clothes dryer. Direct-current fast chargers
provide 480 volts, speeding up the charging process even more.
"The chargers at 685 First Avenue get our program off to a nice
start with a lot more to come," said Vicki
Kuo, Con Edison's vice president of Energy Efficiency and
Distributed Resource Planning. "Building the clean energy future
our customers want will require a dramatic reduction in emissions
from transportation. Under this ambitious program Con Edison will
help make widespread charging available across our region."
"INF Associates is proud to have leveraged our EV charging
experience to make these chargers available for tenants while
capturing substantial incentives through Con Edison's PowerReady
program," said Charlie dePuthod, the president of INF Associates,
the project developer for the charging installations at 685 First
Avenue. "The funding from Con Edison was instrumental in developing
a solution for the building and its occupants."
"Gotham 360 is excited to get in early on the transition to
cleaner transportation in New
York," said Jennifer Kearney,
executive partner of Gotham 360, Solow's energy management
consultant. "By adding EV charging infrastructure to the other
energy efficiency and resiliency measures at Solow's newest
property, 685 First Avenue, we are providing another sustainable
living feature for residents and helping to create a cleaner
New York."
The program incentives cover two categories of equipment or
infrastructure. The first is the cost of utility electric
infrastructure to connect and serve a new EV charger. This may
include step-down transformers, overhead service lines, and utility
meters that the utility will own and operate.
The second category is the customer-side equipment that is
necessary to prepare a site for a charger that the charging station
developer, owner, or site host operates. This equipment and
associated labor can include electric cables, trenching, and
panels. The program does not cover the cost of the chargers
themselves.
See Frequently Asked Questions on the PowerReady program.
Con Edison supports the environmental goals of New York City, Westchester County and New York State. The company makes clear in its
Clean Energy Commitment that increasing the number of electric
vehicles on the road will help achieve those goals.
Con Edison recently announced that it will take delivery in 2022
of the first all-electric bucket truck in the United States. Bucket trucks lift utility
workers so that they can work on overhead electric lines,
transformers and other equipment.
And under a demonstration project with the city of White Plains, five electric school buses bring
elementary school children to their classes. Con Edison discharges
power from the batteries into its grid to serve customers when the
buses are not on the road.
Con Edison is a subsidiary of Consolidated Edison, Inc.
[NYSE: ED], one of the nation's largest investor-owned energy
companies, with approximately $12
billion in annual revenues and $63
billion in assets. The utility delivers electricity, natural
gas and steam to 3.5 million customers in New York City and Westchester County, N.Y.
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SOURCE Consolidated Edison, Inc.