NXU - Nxu Submits for NEVI Grant Funding to Enhance its Major Highway Electrification Goals | Benzinga
MESA, Ariz., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ:NXU) ("Nxu", "the Company"), a domestic technology company creating innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, has submitted its application for grant funding under the California Energy Commission's National Electric Vehicle Infrastructure (NEVI) Formula Program. Nxu is pursuing grant funding from the more than $40 million in funds being made available to strategically deploy high-powered, direct-current fast charger electric vehicle charging infrastructure. Nxu's application details the company's plan to develop, own, and operate seven key charging sites along California's major highway corridors of I-58, I-15, and I-40. The plan seeks grant funding to supplement the construction and equipment costs of deploying new charging sites, potentially decreasing up to one fourth of Nxu's total project costs.
"Nxu has long been working toward the electrification of high-demand highway routes to ensure EV drivers have a fast, reliable, consistent experience. We've demonstrated that commitment with the California NEVI corridor 7 sites we have under control," said Nxu Founder, Chairman and CEO Mark Hanchett. "We're proud to submit our official application to assist the California Energy Commission in their pursuit of charging infrastructure and look forward to growing our presence throughout the state."
Focused on the entire customer experience, Nxu's EV charging technology houses ...