American Towman Magazine - September 2022

Page 44

Supplier Scoop Voltera’s High-Voltage Venture

Voltera, which provides the critical infrastructure necessary to support the full electrification of transportation, officially announced a multi-billion-dollar investment. The company builds, owns, and operates charging facilities that enable electric vehicle (EV) deployment and operation at scale. “Fleet operators, automakers, and consumers alike are adopting electric vehicles at a rapidly accelerating pace,” observed Voltera CEO Matt Horton. “Lagging far behind, though, is the power infrastructure needed to support EVs at scale.” Horton has industry experience including as Executive Vice President of Energy & Charging Solutions at Rivian and Chief Commercial Officer at Proterra. “We have to bridge that gap if we’re going to make zero-emission transportation a reality. That’s what Voltera is doing, and it’s why I’m so excited to be part of this team.”

44 • September 2022 | Towman.com

Voltera’s customers are companies that have a pressing need to power EVs at scale. That includes organizations looking to electrify without disrupting operations or investing significant time and upfront capital to install EV charging capacity, as well as automakers looking to deploy charging infrastructure to support EV sales. To support those needs, Voltera plans to invest several billion dollars on deployments that are both customer-driven (in a particular location for a particular customer) and thesis-driven (proactive development in the strategic locations customers will need to be). This approach significantly speeds time to market and enables customers to meet their deployment timetables.

“Charging infrastructure is one of the most critical requirements for EV deployment at scale. As companies take initial delivery on large EV orders, they’re finding that the charging infrastructure does not exist at the scale needed to support those, or future, deployments,” Horton added. “A key part of the challenge is that charging facilities need to be strategically located and require vast amounts of power. In the U.S. and Europe, almost 150 gigawatts power—about equivalent to the annual power consumption of all U.S. households—will be required by EV fleets by 2030. Voltera is uniquely positioned to help solve those challenges.” For more information, visit volterapower.com.