Phillips 66 Taps FreeWire Technologies to Support Its First EV Charging Program in U.S.
June 01 2022 - 1:15PM
Business Wire
Companies to develop a program to deploy
rapid-charging, battery-integrated technology, advancing their
commitment to lower-carbon solutions
Phillips 66 (NYSE: PSX) signed a letter of intent with FreeWire
Technologies in support of its first electric-vehicle charging
program in the United States, the two companies announced
Wednesday.
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the full release here:
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The announcement highlights Phillips 66’s commitment to pursue
lower-carbon solutions and comes as an endorsement of FreeWire’s
ultrafast, battery-integrated charging technology. The two
companies will explore opportunities to deploy FreeWire’s
technology within Phillips 66’s U.S. fueling stations and other
strategic locations.
“With EV adoption growing, Phillips 66 is working with FreeWire
to bring consumers electric fueling stations that meet their
expectations for high-speed, on-the-go charging,” said Pam
McGinnis, Vice President, Global Marketing at Phillips 66.
FreeWire joined Phillips 66 at its branded marketer conference
in Las Vegas this week to showcase the agreement. Phillips 66 plans
to expand its base of electric fueling stations by leveraging its
retail network of approximately 7,000 U.S. sites using the Phillips
66®, 76® and Conoco® brands.
“We are thrilled to play a leading role in Phillips 66’s
electrification plans that unlock new customer relationships with
EV drivers,” said Arcady Sosinov, FreeWire Founder and CEO. “As
charging demand continues to surge, our battery-integrated chargers
offer the streamlined, shovel-ready solution that many entering the
EV charging space are looking for.”
FreeWire’s Boost Charger offers an attractive alternative to
costly and time-intensive upgrades to electrical grid and power
infrastructure of an individual site. It connects to existing
infrastructure without burdensome construction costs and permitting
restraints.
“We like battery-enabled chargers for many reasons. They reduce
operational costs by charging up the battery when power is cheaper
but still provide capacity to give customers a rapid charge,” said
Lou Burke, Manager of Branded Sales at Phillips 66. “These types of
chargers require minimal electrical infrastructure investment,
significantly reducing permitting and time to value.”
FreeWire recently launched its new global headquarters, R&D
and manufacturing facility in Newark, California. The company’s new
66,000-square-foot facility aims to accelerate the development and
introduction of ultrafast charging and energy storage
solutions.
“We see this as the first of many exciting announcements to come
in the fuel delivery space,” said Sosinov. “We’re tremendously
thankful to the Phillips 66 team for trusting in our technology and
execution as they make this important step toward
electrification.”
FreeWire’s Boost Charger was recently showcased as a finalist in
Fast Company’s 2022 World Changing Ideas Awards’ Transportation
Category. In April, FreeWire raised an additional $125 million in
new capital from investors, including asset manager BlackRock,
Inc.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets
products that drive the global economy. The diversified energy
company’s portfolio includes Midstream, Chemicals, Refining, and
Marketing and Specialties businesses. Headquartered in Houston,
Phillips 66 has employees around the globe who are committed to
safely and reliably providing energy and improving lives while
pursuing a lower-carbon future. For more information, visit
phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
About FreeWire Technologies
Founded in 2014, FreeWire Technologies is the leading
manufacturer of battery-integrated EV charging stations and power
solutions in the U.S. The Company’s fully-integrated Boost
ChargerTM plugs into existing and ubiquitous low-voltage utility
service and delivers high-power charging in areas that typically
require extensive grid upgrades. The Boost Charger’s combination of
proprietary battery and power conversion technology enables
ultrafast EV charging at all locations, freeing customers from the
costs of providing fast charging using power directly from the
electric grid. FreeWire has deployed battery-integrated chargers
with Fortune 100 companies, commercial customers, fleets, retail
locations, and gas stations across the U.S. and has partnered with
bp pulse to deploy Boost Charger in its operations across the
UK.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220601006100/en/
Phillips 66: Jeff Dietert (investors) 832-765-2297
jeff.dietert@p66.com Shannon Holy (investors) 832-765-2297
shannon.m.holy@p66.com Thaddeus Herrick (media) 855-841-2368
thaddeus.f.herrick@p66.com FreeWire: Daniel Zotos (617)
448-7497 dzotos@freewiretech.com
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