{"id":7216,"date":"2024-10-02T09:57:22","date_gmt":"2024-10-01T20:57:22","guid":{"rendered":"https:\/\/chargenet.studiopublica.co.nz\/?post_type=article&p=7216"},"modified":"2024-10-02T09:57:22","modified_gmt":"2024-10-01T20:57:22","slug":"announcement-chargenet-genesis","status":"publish","type":"article","link":"https:\/\/chargenet.studiopublica.co.nz\/article\/announcement-chargenet-genesis\/","title":{"rendered":"ChargeNet transaction enables acceleration of national EV infrastructure"},"content":{"rendered":"
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2 October 2024 \u2013 ChargeNet transaction enables acceleration of national EV infrastructure
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ChargeNet, Aotearoa New Zealand\u2019s nationwide EV charging network, said the acquisition of a majority shareholding in the company by Genesis Energy would accelerate the rollout of the public EV charging network.<\/p>\n

For the last nine years, ChargeNet has pioneered investment in the country\u2019s fast-charging public infrastructure. ChargeNet operates the country\u2019s only nationwide EV charging network with 250 public charging sites and 430 individual charging points.<\/p>\n

Chief Executive Danusia Wypych said the transaction with Genesis Energy came at the right time to continue to accelerate the company\u2019s investment in the country\u2019s critical EV charging infrastructure.<\/p>\n

\u201cWe\u2019ve worked with Genesis for a number of years and are delighted to be able to team up to take the electrification of transport to the next level. The cost savings of driving electric could save a family over $2,000 per year.<\/p>\n

\u201cSupporting EV ownership through investment in the infrastructure is one of the most tangible ways to make the switch easy and reliable and to drive long-term change towards a more affordable, sustainable transport system.\u201d<\/p>\n

She said the transaction was an acknowledgement and recognition of the courage and vision of ChargeNet\u2019s original two founders, who invested their own capital in the early network, as well as the early support of cornerstone shareholder, Mercuria.<\/p>\n

\u201cThere is real momentum in ChargeNet\u2019s investment programme with 100 new or upgraded
\ncharging points across 20 large-scale sites already completed over the last 12 months.<\/p>\n

\u201cJoining with Genesis is a recognition of the huge social, economic and environmental opportunity facing New Zealand to build new EV charging infrastructure on commercial terms in order to continue to support the rapid electrification of transport. The investment allows us to run hard at an intensified delivery programme which could double our rate of installation.<\/p>\n

\u201cSustained and long-term commercial investment is now required to ensure New Zealand builds off its base and maximises the transformational opportunity of transport electrification. We\u2019ll continue to look for ways to support the Government\u2019s commitment to 10,000 chargers.<\/p>\n

\u201cThere are no changes for our customers. They can continue to use our leading-edge app to charge their EV and then get on their way.\u201d<\/p>\n

Ms Wypych said even with ChargeNet\u2019s investment leadership, New Zealand\u2019s ratio of public EV fast chargers per EV was the lowest in the OECD and the scope for growth was significant.<\/p>\n

\u201cOver the last three years, EV ownership has increased by 200 per cent. There\u2019s been a slowdown this year as policy has shifted but the fundamentals of electrification are sound, with at least 30 per cent of Aucklanders considering buying an EV over the next three years and with EV prices continuing to fall.<\/p>\n

\u201cThe price of a brand new Nissan Leaf recently fell below $30,000, making it the cheapest compact new car in the market. With more than 120 EV options in the New Zealand market and a growing second-hand market, more and more New Zealanders can make the switch to electric with confidence,\u201d she said.<\/p>\n

Recent ChargeNet investments in major new multi-charge point hubs in places like Albany and Tauranga were showing rapid growth in demand.<\/p>\n

For more information on ChargeNet and to find a fast-charging station near you, please visit charge.net.nz\/map<\/a>.<\/p>\n <\/div>\n<\/section>\n\n\n\n

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\n New Sites <\/div>\n
\n We’re committed to driving New Zealand’s electric vehicle future with a nationwide network of reliable and accessible fast charging stations. Discover our latest installation and site refurbishments. <\/div>\n
\n \n +\n New Sites <\/a>\n \n +\n Find a Charger <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n
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\n We’re committed to driving New Zealand’s electric vehicle future with a nationwide network of reliable and accessible fast charging stations. Discover our latest installation and site refurbishments. <\/div>\n
\n \n +\n New Sites <\/a>\n \n +\n Find a Charger <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n
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