MIAMI BEACH, FL - Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, through its wholly owned subsidiary CCG Energy, LLC, announced a sales partnership with one of the largest independent energy suppliers in the United States, Crius Energy, LLC, through its subsidiary, Public Power, a leader in the retail energy industry. Through this relationship, CarCharging is able to provide competitive rates for all electricity services, including EV charging, to residential and commercial customers in states with deregulated energy markets.
Public Power is licensed to provide energy services in Connecticut, Illinois, Maryland, New Jersey, New York, Ohio, Pennsylvania and Washington, D.C. As a partner of Public Power, CarCharging is able to offer decreased electricity costs for residential and commercial properties, including its property partners, which should also reduce the cost for the EV drivers that recharge their EVs at CarCharging's participating partners' locations.
"Our sales partnership with Public Power allows us to aggregate our electricity purchases and pass significant savings on to our property owner partners, EV drivers, as well as to new residential and commercial customers," said Michael D. Farkas , CEO of CarCharging. "This relationship also enables CarCharging to offer electricity services for residential EV charging to single-family and multifamily residential customers, and can include public EV charging services, for one combined price."
"Public Power offers customers the option to choose discounted energy supply services while staying with the local utility for delivery and maintenance and we are pleased to offer those savings to CarCharging's customers," said Vjollca Jusufi , Public Power. "Public Power is a proud supporter of green programs and partners, such as CarCharging, that help America become more energy independent."
Additionally, through Public Power's "clean green" program, CarCharging is able to offer customers electricity generated from 100% renewable energy sources. This will assist CarCharging in decreasing harmful greenhouse gas emissions associated with conventional energy production methods, which will result in far fewer harmful impacts on the environment.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services at accessible and convenient locations. Headquartered in Miami, Florida with offices in California, Canada, and Spain, CarCharging is committed to creating a robust, feature-rich network for EV charging. CarCharging typically pays for all hardware, installation, maintenance and related services; therefore, eliminating initial capital costs for all property owners.
CarCharging has more than 45 strategic partnerships across various business sectors. CarCharging's partners manage or own a total of 6.5 million parking spaces, and include, but are not limited to Ace Parking, Central Parking, Equity One, Equity Residential, Forest City Enterprises, Walgreens, Pennsylvania Turnpike Commission, City of Miami Beach, and the City of Norwalk, Connecticut. CarCharging's services utilize EV charging stations manufactured by ChargePoint®.
For more information about CarCharging, please visit www.CarCharging.com.
About Public Power
Founded in 2008, Public Power is a leader in the retail energy industry, and a subsidiary of Crius Energy, LLC, one of the largest independent energy suppliers in the United States. With the deregulation of electricity and natural gas in many states, Public Power gives people a choice for their energy provider. Public Power is headquartered in Connecticut, and is also licensed to offer energy supply services in Illinois, Maryland, New York, New Jersey, Ohio, Pennsylvania and Washington, D.C., and provides service to more than 200,000 residential and commercial clients.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Car Charging Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed circumstances.
CarCharging Media Contact:
(305) 521-0200 x214
CarCharging Investor Relations:
Constellation Asset Advisors, Inc.
Crius Energy Contact:
Coltrin & Associates (for Crius Energy)
212-221-1616 ext. 102
Car Charging Group, Inc.