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GE Makes A Connection With Better Place

September 30, 2010

GE (NYSE: GE) and Better Place, a leading electric vehicle (EV) services provider, today announced a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development, battery financing, joint fleet electrification programs and consumer awareness.

The partnership combines GE’s global scale, broad technology portfolio, smart grid expertise, and its new WattStation™ electric vehicle charger with Better Place’s EV services and infrastructure solution to create scalable solutions that power electric vehicles for nearly all consumers and fleet owners.

 

GE WattStation will provide easy charging for EV's right in their parking stall

 

Target pilot locations include cities in North America, including the San Francisco Bay Area, Honolulu, Hawaii, and Ontario, Canada, as well as cities in Europe, Asia and Australia. Better Place is already working towards initial network deployments in these markets, beginning in 2011.

 

A recently passed Hawaii state law requires 1% of all stalls in publicly accessible lots (over 100 stalls) to provide charging facilities for EV's

 

“Almost three years ago, Better Place identified the transformation from oil to electricity as the last massive ‘digitization’ of energy, and a significant economic opportunity globally,” said Shai Agassi, Founder and CEO, Better Place. “Our collaboration with GE is another significant step forward for Better Place as we seek to assemble a formidable ecosystem of industry leaders including Renault, HSBC and now GE that can help us scale our model globally. Our team of partners is committed to accelerating the acceptance of electric cars as more affordable and more convenient than our gasoline heritage.”

Visit the Better Place Website

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3 Comments leave one →
  1. October 26, 2010 12:46 am

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