TeraWatt Buys Two California Sites for Heavy-Duty EV Charging
TeraWatt Infrastructure acquired two sites in California’s Inland Empire region to build heavy-duty electric truck charging sites, the company said.
Terms were not disclosed.
With the largest concentration of warehouses and distribution centers in the United States, the Inland Empire is a key hub for heavy-duty fleet operations. The sites in the Agua Mansa Industrial Corridor and in Fontana, near the Interstate 10 and I-15 interchange, are scheduled to be operational in 2025, the company said Oct. 10.
When built, the two sites will jointly provide more than 40 megawatts of power, supporting up to 500 trucks per day. San Francisco-based TeraWatt plans to use 350 kilowatt chargers at the site. TeraWatt also has several more sites nearby under contract, it said.
“We are listening to the needs of customers in the Inland Empire who are experiencing explosive operational growth and, until now, didn’t have a charging network in place to keep up with the demands to electrify,” TeraWatt CEO Neha Palmer said.
TeraWatt plans to build seven heavy-duty charging centers between Long Beach, Calif. and El Paso, Texas. Construction of the company’s charging stations will be staggered, Peter Cohen, senior director of business development, told Transport Topics in September.
TeraWatt raised $1 billion of seed money, plenty of which is still available to spend, Cohen told TT. The company is focusing on buying sites rather than leasing because it offers more opportunities and options further down the line, he said.
TeraWatt is looking to offer charging solutions for light-, medium-, and heavy-duty fleets.
In August, the company broke ground on a light-duty charging site in Inglewood, Calif. The facility near Los Angeles International Airport is set to begin operations in early 2024 and offer 26 fast chargers.
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