The project provides electric vehicle owners with widespread access to DC fast charging.
BALTIMORE, MD, August 10, 2021 — To address the need for more electric vehicle (EV) charging options, Tritium partnered with Greenlots and Baltimore Gas and Electric (BGE) on a series of charging locations throughout Central Maryland. The first phase includes 12 sites with Tritium RT50 direct current (DC) fast chargers which have been installed at libraries, government parking lots, airports, and retail centers, with eight more charging destinations planned in the coming months. Greenlots, a member of the Shell Group, is providing installation and networking services to these BGE locations throughout the region.
“Not only will these installations encourage Baltimore-area drivers to consider purchasing electric vehicles by reducing range anxiety, but they will also help Maryland reach its goal of having 300,000 zero-emissions vehicles on the road by 2025,” said Divesh Gupta, Baltimore Gas and Electric Director of Strategy. “Implementing this technology supports our purpose of powering a cleaner and brighter future for our customers and communities.”
BGE launched an EV charging network in Maryland in the fall of 2019. As the charging network continues to roll out, EV drivers will have the option to charge their vehicles at any of the 100 BGE-owned DC fast charger sites throughout the BGE service area. BGE’s charging rates are comparable to other public charging options and give drivers the flexibility and peace of mind to drive farther than ever before.
“We strive to connect communities by unlocking EV charging solutions to power the transition to electric mobility,” said Matt Androski, Chief Commercial Officer at Greenlots. “By working with BGE and Tritium, we are making electric vehicle infrastructure more accessible.”
With more than 2.7 million high-power charging sessions across 41 countries, delivering over 55 GWh of energy, Tritium is a global leader in EV charging innovation. The company developed the world’s only fully liquid-cooled, IP65-rated charger, providing customers with technology that is ingress-protected and sealed from outside elements, thus reducing the total cost of ownership. Tritium was also one of the first companies to enable Plug and Charge technology, allowing an EV that supports Plug and Charge to communicate seamlessly and authorize payments directly from the driver’s account without needing a payment card or RFID tag.
As EV ownership expands across the world, installations like BGE’s charging sites are an essential part of easing range anxiety with drivers.
“We applaud BGE for their investment in EV infrastructure. Maryland is part of a critical interstate corridor for both residents and travelers and having access to charging options near both highways and suburban areas is vital to continued electrification,” said Mike Calise, President of Americas at Tritium. “Through this partnership, we are building an ecosystem that supports the widespread transition to electric mobility by making it easier for more Marylanders to access fast chargers.”
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, contact us.
About Baltimore Gas and Electric
BGE is Maryland’s largest natural gas and electric utility, providing safe and reliable energy delivery to more than 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland. The company was founded in 1816 as the nation’s first gas utility and remains headquartered in Baltimore City to this day. BGE is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation’s leading competitive energy provider. Engage with the latest BGE stories on bgenow.com and connect with BGE on Facebook, Twitter, Instagram, and YouTube.
About Greenlots
Greenlots, a member of the Shell Group, is committed to the evolution of the electric vehicle infrastructure ecosystem. Our employees, customers and partners share a collective passion for research and development of leading-edge charging software and hardware, smart data analysis solutions and accessible charging services. Headquartered in Los Angeles, CA with a global footprint, more than 2,000 charging sessions occur on the Greenlots network each day. Our entrepreneurial spirit, with the deep energy expertise of Shell, is powering the electric mobility transformation to create a more sustainable future. For more information, visit: https://greenlots.com/.
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Tritium Media Contact:
Sarah Malpeli
408-806-9626 ext 6840
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
BRISBANE, Australia / NEW YORK, NY July 27, 2021 – Tritium, a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), and Decarbonization Plus Acquisition Corporation II (“DCRN”) (NASDAQ: DCRN, DCRNW, DCRNU), a special purpose acquisition company, today announced an agreement for a private investment in public equity (“PIPE”) by Palantir Technologies Inc. (“Palantir”) (NYSE: PLTR), a Denver-based software and data analytics company.
In connection with the PIPE financing announced today, Tritium DCFC Limited (“NewCo”), DCRN and Palantir entered into a subscription agreement, which provides for, among other things, the subscription and purchase of ordinary shares of NewCo by Palantir immediately prior to or substantially concurrently with the closing of the Business Combination (as defined below). The PIPE financing is contingent upon, among other things, the consummation of the previously announced business combination among Tritium, NewCo, DCRN and Hulk Merger Sub, Inc., a wholly owned subsidiary of NewCo (the “Business Combination”).
Palantir and Tritium also signed a contract that will provide Tritium with access to the Palantir Foundry platform, the company’s award-winning platform that helps businesses accelerate their end-to-end data transformation and redefine their industries.
“Palantir’s investment in Tritium is another validation of Tritium’s technology and business strategy given Palantir’s own record of identifying and preparing for transformative change,” said Robert Tichio, Partner and Managing Director at Riverstone Holdings LLC and Chairman of the board of directors of DCRN. “Their investment of capital and resources will provide Tritium with support to both continue developing the innovative technologies for which Tritium is known and advance the EV charging hardware and software needed to transition the world to electric transportation.”
“A cutting-edge technology requires a cutting-edge partner, and we feel that we’ve found that in Palantir,” said Tritium CEO Jane Hunter. “As Tritium enters a phase of rapid growth and expansion, we look forward to leveraging Palantir’s investment and insights to expand Tritium’s global e-mobility market share and set the company up for sustained growth and success.”
“Palantir is rooted in harnessing the power of data to help businesses scale, grow, disrupt and win,” said Kevin Kawasaki, Palantir’s Head of Business Development. “The end markets served and targeted by Tritium are experiencing incredible growth, which is expected to continue for years to come as the global race to electrify mobility and decarbonize transportation accelerates. We are eager to partner with Tritium to optimize the incredible wealth of data that comes via the rollout of fast charging infrastructure and to answer complex questions using data science to enable Tritium to further excel in offering solutions to its customers around the globe.”
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
As announced on May 26, 2021, Tritium has entered into a definitive agreement with DCRN for the Business Combination, that would result in Tritium becoming a publicly listed company. Completion of the Business Combination is subject to customary closing conditions.
About Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors. These include the energy and agriculture, industrials, transportation and commercial and residential sectors. DCRN is sponsored by an affiliate of Riverstone Holdings LLC and represents a further expansion of Riverstone’s 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than US$5 billion of equity invested in renewables.
About Palantir Technologies
Palantir Technologies is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data. Additional information is available at https://www.palantir.com.
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No Offer or Solicitation
This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or the PIPE financing. This document also does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward Looking Statements
Certain statements made in this document are “forward-looking statements” with respect to the proposed Business Combination, and including statements regarding the benefits of the Business Combination, the anticipated timing of the Business Combination, the anticipated consummation and timing of the PIPE financing, the services offered by Tritium and the markets in which it operates, and NewCo’s projected future results. These forward-looking statements generally are identified by the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “targets”, “may,” “will,” “should,” “would,” “will be,” “will continue,” “will likely result,” “future,” “propose,” “strategy,” “opportunity” and variations of these words or similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or are not statements of historical matters are intended to identify forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, guarantees, assurances, predictions or definitive statements of fact or probability regarding future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NewCo’s, Tritium’s or DCRN’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the Business Combination or the PIPE financing in a timely manner or at all (including due to the failure to receive required stockholder or shareholder, as applicable, approvals, or the failure of other closing conditions such as the satisfaction of the minimum trust account amount following redemptions by DCRN’s public stockholders, the waiver or expiration of a Tritium shareholder’s right to acquire Tritium under the shareholder’s deed in relation to Tritium and the receipt of certain governmental and regulatory approvals), which may adversely affect the price of DCRN’s securities; the inability of the Business Combination to be completed by DCRN’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by DCRN; the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination of the PIPE financing; the inability to recognize the anticipated benefits of the proposed Business Combination; the inability to obtain or maintain the listing of NewCo’s shares on a national exchange following the proposed Business Combination; costs related to the proposed Business Combination; the risk that the proposed Business Combination disrupts current plans and operations, business relationships or business generally as a result of the announcement and consummation of the proposed Business Combination; NewCo’s ability to manage growth; NewCo’s ability to execute its business plan and meet its projections; potential disruption in NewCo’s employee retention as a result of the Business Combination; potential litigation, governmental or regulatory proceedings, investigations or inquiries involving NewCo, Tritium or DCRN, including in relation to the Business Combination; changes in applicable laws or regulations and general economic and market conditions impacting demand for Tritium’s or NewCo’s products and services; and other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the proposed Business Combination, including those under “Risk Factors” therein, and in DCRN’s other filings with the Securities and Exchange Commission (the “SEC”). Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statement, and NewCo and DCRN assume no obligation and do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither NewCo nor DCRN gives any assurance that either NewCo or DCRN will achieve its expectations.
Additional Information about the Business Combination and Where to Find It
In connection with the proposed Business Combination, DCRN and NewCo, which will be the going-forward public company, intend to file a registration statement on Form F-4 (the “Registration Statement”) with the SEC, which will include a proxy statement/prospectus, and certain other related documents, to be used at the meeting of stockholders to approve the proposed Business Combination. INVESTORS AND SECURITY HOLDERS OF DCRN ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM, DCRN, NEWCO AND THE BUSINESS COMBINATION. The proxy statement/prospectus will be mailed to stockholders of DCRN as of a record date to be established for voting on the proposed Business Combination. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in Solicitation
DCRN and its directors and executive officers may be deemed participants in the solicitation of proxies from DCRN’s stockholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in DCRN is contained in DCRN’s filings with the SEC, including DCRN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021, and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants will be set forth in the Registration Statement for the proposed Business Combination when available. NewCo and Tritium and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of DCRN in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination will be contained in the Registration Statement for the proposed Business Combination when available.
Contacts:
For Investors
Caldwell Bailey
ICR, Inc.
[email protected]
For Tritium Media
Dan McDermott
ICR, Inc.
[email protected]
For DCRN Media
Daniel Yunger
Kekst CNC
[email protected]
Superhub in Bed-Stuy will have 25 fast chargers open 24/7 to the public and accessible to owners of any EV brand, and charging will be free through July 6th
United States Secretary of Energy Jennifer M. Granholm, New York City Council Member Robert E. Cornegy Jr., Con Edison CEO Tim Cawley, Tritium President Mike Calise and New York League of Conservation Voters President Julie Tighe celebrated the opening at a ribbon-cutting ceremony held by Revel
BROOKLYN, JUNE 29, 2021 — Electric transportation company Revel opened its first electric vehicle (EV) fast charging Superhub to the public today at the historic former Pfizer building in Bed-Stuy, Brooklyn. The Superhub is the largest universal EV fast charging depot in the Americas with 25 chargers, and is the first of a network of Superhubs planned by Revel across New York City. For the first week that the Bed-Stuy site is open, charging will be free to members of the public (through Tuesday, July 6th).
Prior to the opening of Revel’s first Superhub, there were only two publicly-available EV fast charging stations in NYC’s urban core. Most depots in the city are in further-flung locations like JFK airport, and many charge a fee just to enter the parking lot. New York City also has a low rate of electric vehicle adoption, with only 14,000 EVs out of the 1.9 million cars and SUVs registered in the city.
At a ribbon-cutting ceremony held today, Revel CEO Frank Reig, United States Secretary of Energy Jennifer M. Granholm, New York City Council Member Robert E. Cornegy Jr., Con Edison CEO Tim Cawley, Tritium President Mike Calise and New York League of Conservation Voters President Julie Tighe spoke to the importance of expanding access to EV charging.
“It’s no surprise that EV adoption is lagging in our city- the infrastructure just isn’t here yet, and the stations that do exist aren’t accessible to most New Yorkers,” said Revel CEO and Co-Founder Frank Reig. “Our Superhubs are designed to reach as many people as possible in the neighborhoods where they actually live. This is what NYC needs to move towards an electric future and we’re excited to get started.”
“Today’s ribbon cutting isn’t about just one charging station, even though it is the biggest universal charging station in the country,” said United States Secretary of Energy Jennifer M. Granholm. “It represents our vision for building a clean energy economy on the foundation of good-paying jobs, overcoming and improving the health outcomes of communities too often left behind. As the old saying goes—if you can make it in New York, you can make it anywhere. And we need electric vehicles and charging stations everywhere, in cities and towns all across America.”
“Shirley Chisholm was not afraid of change. She was a spokesperson for the young women of Bedford-Stuyvesant, and her message resonated across the world. We are willing to find creative ways to support local residents,” said New York City Council Member Robert E. Cornegy Jr. “This year I am launching my 4th Shared Economy summer, which connects the new technology of app-based transportation to support mom-and-pop businesses. Now Bed-Stuy is taking lead by becoming home to the largest universal fast charging depot in North America. We are showing that fighting global problems like greenhouse emissions can help our local businesses, so we welcome Revel as part of our community.”
“As we work to combat climate change, the future of transportation is electric, but many drivers won’t feel comfortable buying an EV until they see a critical mass of public charging stations around the city,” said Con Edison CEO Tim Cawley. “The Brooklyn superhub makes it convenient for current EV owners to charge up and will encourage more New Yorkers to consider buying an electric car.”
“We are extremely pleased to have partnered with Revel on this project. Access to fast, reliable and convenient charging solutions is critical to the uptake of EVs, and the Superhub is an ideal solution to help more New Yorkers adopt electric transportation,” said Tritium President of the Americas Mike Calise. “Projects like the Superhub give urban drivers the confidence that they can make the leap to an EV with access to a site providing rapid charging solutions all day, every day.”
“We can’t tackle climate without tackling transportation. Just as the Biden Administration is prioritizing electrification as part of its federal climate agenda, New York is accelerating its shift to electric vehicles by installing infrastructure like this new fast-charging depot,” said Julie Tighe, President of the New York League of Conservation Voters. “Our environment wins when governments, communities, and companies like Revel work together to invest in clean transportation.”
Revel chose Tritium’s recently launched RTM fast charger for its Brooklyn site. This is the first time the model is available in North America, and at 75kW, the chargers provide EV drivers with 100 additional miles in about 20 minutes. Two of the charging stalls are specially designed to ensure Americans with Disabilities Act (ADA) compliance. Revel also contracted with MP2 Energy LLC to ensure that the charges are entirely powered by renewable energy sources.
Revel also worked closely with Con Edison to make its Superhub vision a reality, and is the first fast charging operator participating in Con Edison’s PowerReady program to complete a project.
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About Revel
Revel is a Brooklyn-born transportation company that’s electrifying cities through charging infrastructure and shared electric vehicle fleets. Through the Revel app, users can rent electric mopeds, sign up for monthly eBike subscriptions, hail an electric car ride or find fast-charging stations compatible with any brand of EV. Revel prides itself on its total rejection of the gig economy and its collaborative approach with local governments. Founded in 2018, the company now operates in four New York City boroughs, Washington, D.C., Miami, Florida, and San Francisco, California. To learn more, visit gorevel.com and follow @_gorevel on Twitter.
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, contact us.
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $62 billion in assets. The utility delivers electricity, natural gas and steam to 3.5 million customers in New York City and Westchester County, N.Y. Through Consolidated Edison Inc.’s subsidiary, Con Edison Clean Energy Businesses, the company is the second-largest solar developer in the United States and the seventh-largest worldwide.
BRISBANE, Australia, June 24, 2021 – Tritium Holdings Pty Ltd (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announces the addition of former U.S. Secretary of the Navy and Ambassador to the Kingdom of Norway, Kenneth Braithwaite, to the combined company’s Board of Directors following the closing of its business combination with Decarbonization Plus Acquisition Corporation II (“DCRN”) (NASDAQ: DCRN, DCRNW).
Ambassador Braithwaite is an accomplished business executive, diplomat, and retired U.S. Navy one-star rear admiral. As the 77th U.S. Secretary of the Navy, he was responsible for an 800,000 member global enterprise of both the United States Navy and the United States Marine Corps with an annual budget of over $200 billion. As the 31st U.S. Ambassador to Norway, he sought and succeeded in strengthening the bilateral relationship between the two strategic partners after a four-year period without a U.S. Ambassador to the country. Ambassador Braithwaite was unanimously confirmed by the U.S. Senate for his posts as Secretary and Ambassador.
“First and foremost, we are honored that Ambassador Braithwaite has accepted our invitation to join the board of Tritium following its merger with DCRN,” said Robert Tichio, Partner and Managing Director at Riverstone Holdings and Chair of the Board of DCRN. “The Ambassador is keenly familiar with both the electrification economy – as Norway has the highest market penetration per capita of electric vehicles of any country in the world – and the commitments of governmental departments and agencies in the United States and abroad to use their influence to accelerate the EV transition.”
Kenneth Braithwaite received a Bachelor of Arts degree from the U.S. Naval Academy and a Master of Arts degree from the University of Pennsylvania. He was deployed abroad for Operation Iraqi Freedom in support of naval operations to capture the Port of Umm Qasr, for which he was awarded the Navy & Marine Corps Commendation Medal with Combat Distinguishing Device for Valor. He has also served in or led U.S. military operations in Pakistan, Afghanistan and Lebanon. He has been awarded the Legion of Merit and the Defense Meritorious Service Medal and was recognized with exceptional service to his country in being awarded the Department of Defense Distinguished Service Medal.
“Ambassador Braithwaite has invaluable experience working with governments and the private sector to find creative solutions to tough problems,” said Jane Hunter, Chief Executive Officer of Tritium. “Today’s announcement demonstrates Tritium’s commitment to assembling the highest-quality Board of Directors comprised of seasoned leaders with deeply relevant expertise to advance its position in DC fast charging, as the adoption of electric vehicles continues to accelerate.”
“I couldn’t be more excited to serve on the board of such a dynamic company and look forward to collaborating with my fellow directors and the management team of Tritium,” said Ambassador Kenneth Braithwaite. “Tritium’s continued innovation and production in the charging hardware space is critical to the future of sustainable transportation. Tritium’s market leadership in fast charging infrastructure will set the stage for an exciting future for the combined company. This company’s combination of technology leadership and hard-earned trust in the marketplace are assets that cannot be assembled overnight. I look forward to supporting Jane’s leadership of this enterprise and working with my fellow board members to the benefit of all shareholders.”
Tritium previously announced a business combination with DCRN, a special purpose acquisition company (“SPAC”), that will result in Tritium becoming a publicly listed company.
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, visit tritiumcharging.com
About Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors. These include the energy and agriculture, industrials, transportation and commercial and residential sectors. DCRN is sponsored by an affiliate of Riverstone Holdings LLC and represents a further expansion of Riverstone’s 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than US$5 billion of equity invested in renewables.
No Offer or Solicitation
This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This document also does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward Looking Statements
Certain statements made in this document are “forward-looking statements” with respect to the proposed transaction between DCRN, Tritium and Tritium DCFC Limited, an Australian public company limited by shares (“NewCo”), and including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the services offered by Tritium and the markets in which it operates, and NewCo’s projected future results. These forward-looking statements generally are identified by the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “targets”, “may,” “will,” “should,” “would,” “will be,” “will continue,” “will likely result,” “future,” “propose,” “strategy,” “opportunity” and variations of these words or similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or are not statements of historical matters are intended to identify forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, guarantees, assurances, predictions or definitive statements of fact or probability regarding future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NewCo’s, Tritium’s or DCRN’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the business combination in a timely manner or at all (including due to the failure to receive required shareholder approvals, or the failure of other closing conditions such as the satisfaction of the minimum trust account amount following redemptions by DCRN’s public stockholders, the waiver or expiration of a Tritium shareholder’s right to acquire Tritium under the shareholder’s deed in relation to Tritium and the receipt of certain governmental and regulatory approvals), which may adversely affect the price of DCRN’s securities; the inability of the business combination to be completed by DCRN’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by DCRN; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction; the inability to recognize the anticipated benefits of the proposed business combination; the inability to obtain or maintain the listing of NewCo’s shares on a national exchange following the proposed business combination; costs related to the proposed business combination; the risk that the proposed business combination disrupts current plans and operations, business relationships or business generally as a result of the announcement and consummation of the proposed business combination; NewCo’s ability to manage growth; NewCo’s ability to execute its business plan and meet its projections; potential disruption in NewCo’s employee retention as a result of the transaction; potential litigation, governmental or regulatory proceedings, investigations or inquiries involving NewCo, Tritium or DCRN, including in relation to the transaction; changes in applicable laws or regulations and general economic and market conditions impacting demand for Tritium’s or NewCo’s products and services; and other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in DCRN’s other filings with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statement, and NewCo and DCRN assume no obligation and do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither NewCo nor DCRN gives any assurance that either NewCo or DCRN will achieve its expectations.
Additional Information about the Business Combination and Where to Find It
In connection with the proposed business combination, DCRN and NewCo, which will be the going-forward public company, intend to file a registration statement on Form F-4 (the “Registration Statement”) with the SEC, which will include a proxy statement/prospectus, and certain other related documents, to be used at the meeting of stockholders to approve the proposed business combination. INVESTORS AND SECURITY HOLDERS OF DCRN ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM, DCRN, NEWCO AND THE BUSINESS COMBINATION. The proxy statement/prospectus will be mailed to shareholders of DCRN as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in Solicitation
DCRN and its directors and executive officers may be deemed participants in the solicitation of proxies from DCRN’s stockholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in DCRN is contained in DCRN’s filings with the SEC, including DCRN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021, and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants will be set forth in the Registration Statement for the proposed business combination when available. NewCo and Tritium and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of DCRN in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the Registration Statement for the proposed business combination when available.
Contacts:
For Investors
Caldwell Bailey
ICR, Inc.
[email protected]
For Media
Dan McDermott
ICR, Inc.
[email protected]
Tritium’s first project with Loop fills a charging gap in Los Angeles’ Miracle Mile. The partnership is expected to extend to Arizona, New York, and New Jersey, with further installations in California.
[TORRANCE, Calif., June 15, 2021]– To meet growing demand for electric vehicle (EV) charging infrastructure throughout the U.S., Tritium, a global leader in direct current (DC) fast charging hardware and software, today announced it has entered into a collaboration agreement with EV charging network operator Loop. The partnership includes the recent installation of Tritium DC fast chargers in Los Angeles, at 6404 Wilshire Blvd., a centerpiece commercial office building along the famous Miracle Mile neighborhood. With many additional projects in the pipeline, Tritium looks to expand its partnership with Loop to Arizona, New York, and New Jersey, along with further installations in California.
“Tritium’s industry-leading DC fast-charging solutions allow us to serve our customers better as we continue the expansion of Loop’s rapidly growing EV charging network,” said Dustin Cavanaugh, CEO at Loop. “We recognize the important role DC fast charging plays in widespread EV adoption, and we could not be more excited to combine forces with Tritium to drive adoption of this technology across the U.S.”
Tritium’s partnership with Loop comes as demand increases for faster EV charging options across the U.S. Los Angeles has seen high growth in EV adoption but remains underserved in terms of the availability of fast charging infrastructure. Through this partnership, Tritium and Loop hope to fill existing EV charging gaps in California and across the country, targeting workplace and retail center charger installations with convenient and accessible fast-charging solutions.
“As the world shifts toward electric vehicles, it is critical for drivers to have access to convenient charging solutions,” said Mike Calise, President of the Americas at Tritium. “We are excited to bring Tritium’s advanced technology to more Californians and to make the ease and reliability of DC fast charging available to customers where they live and work. We believe the partnership with Loop is a great way to get our DC fast charging technologies to drivers, where they are needed, as quickly as possible.”
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
Contact us for more information.
About Loop
Loop aims to be a global leader in turnkey EV charging solutions. Loop’s mission is to make EV charging more accessible to the world, by streamlining the development and operation of convenient and accessible public or private EV charging networks.
Our turnkey hardware, software and service solutions make it easy and hassle-free to deploy cost-effective EV charging, saving our customers both time and money. For more information, visit https://evloop.io and follow us on Instagram, Linkedin, Twitter and Facebook.
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Tritium Media Contact:
Sarah Malpeli
408-806-9626 ext 6840
[email protected]
Tritium Investor Contact:
Caldwell Bailey
ICR, Inc.
[email protected]
EvGateway will provide the software management solution for Revel’s Tritium-provided fast chargers, including network, monitoring, and support.
[New York, New York, June 8, 2021] — Electric mobility company Revel, which recently announced plans to launch an all-electric rideshare service in New York City and has also announced plans to build out a network of universal EV fast-charging Superhubs across NYC, has selected EvGateway as its charging software provider.
Revel’s rideshare service is expected to launch in Manhattan with an initial fleet of 50 Revel-blue Teslas, and its first Superhub, located in Brooklyn, will open to the public this month. This first Superhub will be the largest universal public fast charging station in the Americas, with 25 Tritium-provided RTM75 DC fast chargers. These public chargers will be available 24/7 and are the first RTM75 units to be installed in the United States. EvGateway will monitor, manage, and offer 24/7 support services as part of their network solution.
“Revel is excited to build out our Superhub network and launch our all-electric rideshare service in NYC with the help of industry-leading partners like EvGateway and Tritium. Together, we’re working to transform the urban fast charging landscape and make it a no-brainer to go electric,” said Revel COO and Co-Founder Paul Suhey.
“Revel’s DC fast charging Superhub, in partnership with EvGateway and Tritium, is a groundbreaking initiative for New York City and the nation,” said Tritium President of the Americas Mike Calise. “With Tritium’s RTM75 chargers, Revel deployed a modular and scalable charging solution to meet growing EV demand while electrifying the city’s rideshare and e-mobility options.”
Revel’s Superhubs will help accelerate the electrification of New York City, a mission that EvGateway will help facilitate by offering user friendly solutions for both commercial and fleet charging.
“The EvGateway software can be customized for every client and charging requirement. To help facilitate the expansion of EV infrastructure, EvGateway offers solutions for any charging scenario (commercial, fleet, private, residential, employee, hotel, utility, parking lots, etc.) Revel’s mission of advancing electrification closely aligns with EvGateway’s philosophy of helping to shape a zero-emissions future.” said EvGateway President, Reddy Marri.
About Revel
Revel is a Brooklyn-born transportation company that’s electrifying cities through charging infrastructure and shared electric vehicle fleets. Through the Revel app, users can rent electric mopeds, sign up for monthly eBike subscriptions, hail an electric car ride or find fast-charging stations compatible with any brand of EV. Revel prides itself on its total rejection of the gig economy and its collaborative approach with local governments. Founded in 2018, the company now operates in four New York City boroughs, Washington, D.C., Miami, Florida, and the California Bay Area cities of Oakland, Berkeley and San Francisco. To learn more, visit gorevel.com and follow @_gorevel on Twitter.
Revel Media Contact:
Helen Cowdrey
[email protected]
About Tritium
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the fourth quarter of 2021.
For more information, contact us.
Tritium Media Contact:
Sarah Malpeli
[email protected]
408-806-9626 ext 6840
About EvGateway
EvGateway is a turn-key EVSE infrastructure solution provider that can deliver on charging installation, maintenance, networking, payment gateway and support for the EV Charging stations. We partner with of some of the world’s leading companies to make charging convenient.
For more information, visit www.evgateway.com
Contact:
Laura Pichardo, Head of Marketing and Strategic Partnerships
[email protected]
949-945-6300
BRISBANE, Australia / NEW YORK, NY, May 26, 2021 – Tritium, a Brisbane-based developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), and Decarbonization Plus Acquisition Corporation II (“DCRN”) (NASDAQ: DCRN, DCRNW), a special purpose acquisition company (“SPAC”), today announced a definitive agreement for a business combination that would result in Tritium becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Tritium and is expected to be listed on the NASDAQ and trade under the new ticker symbol “DCFC.”
Founded in 2001 by e-mobility pioneers Dr. David Finn, James Kennedy, and Dr. Paul Sernia, Tritium designs, develops, and manufactures proprietary hardware for advanced and reliable DC fast charging. The company has a two-decade history in advanced power electronics and electric transportation, starting as a developer of technology for solar race cars and other extraordinary projects, like the battery management system for James Cameron’s “Deepsea Challenger” submersible.
Recognizing opportunity in the emerging EV sector, Tritium applied its experience in power electronics for extreme climates to create DC fast charging technology tested for, and installed in, some of the world’s harshest conditions. Having established itself as a global market leader, Tritium is well-positioned to benefit from accelerating and sustained long-term growth of the global passenger EV market, which is projected to have a compound annual growth rate (“CAGR”) of nearly 20% through 2040. Global EV charging hardware sales are projected to have an average CAGR of more than 25% each year over this period.
Tritium has provided more than 2.7 million high-power charging sessions across 41 countries, delivering over 55 GWh of energy. The company’s intellectual property includes the world’s only fully liquid-cooled, IP65-rated charger, providing customers with technology that is ingress-protected and sealed from outside elements, thus reducing the total cost of ownership.
Tritium Chief Executive Officer Jane Hunter said, “The accelerated electrification of the transport sector globally is now underway and has extraordinary implications beyond the benefits to individual consumers. Our industry is essential to achieving global emission reduction targets both through increased adoption of electric vehicles and the deployment of EVs for mass energy storage technology. As ‘batteries on wheels,’ EVs will help pave the way for more renewable power to be introduced into national energy mixes. E-mobility also plays a critical role in improving air quality, which is critical for public health in populated regions.
“The agreement between Tritium and DCRN is a vote of confidence in Tritium’s vision and market viability as well as the e-mobility industry as a whole. We plan to expand to three global manufacturing facilities, expedite product development, grow our global sales and service operations teams, and so much more. This agreement funds that growth plan, enabling us to expand our business operations, enhance our products, and provide even more services to our customers.”
Robert Tichio, Chairman of DCRN, who will join the board of directors of the combined company at the close of the transaction, added, “We are extremely excited and honored to partner with Tritium, as we believe the company’s demonstrated track record of innovation in power electronics and its well-established manufacturing and operational structure will allow Tritium to maintain and expand its position as a market leader in the charging hardware space. Under Ms. Hunter’s leadership, the company has developed an incredible team of more than 340 employees on four continents and a diversified base of blue-chip customers, while positioning Tritium to be the leader in DC fast charging as the adoption of electric vehicles continues to accelerate. As the wave of investment capital directed to environmental, social, and corporate governance (“ESG”) goals continues its acceleration, we believe a publicly traded Tritium will serve as a valuable core holding for ESG investors. We look forward to working with Jane and the entire Tritium team to speed the efficient electrification of global transport.”
Transaction Overview
The transaction is anticipated to generate gross proceeds of up to approximately US$403 million (AUD$520 million) of cash, assuming minimal redemptions by DCRN’s public stockholders. The funds will be used to fund operations and growth. The pre-money enterprise value of the combined company is US$1.4 billion (AUD$1.8 billion) at the price of US$10 per share, excluding cash to go to the balance sheet.
Former Boeing executive Jane Hunter will continue as the Chief Executive Officer of Tritium, alongside co-founders James Kennedy (Chief Technology Officer) and Dr. David Finn (Chief Growth Officer), and executives David Toomey (Chief Revenue Officer) and Michael Hipwood (Chief Financial Officer).
In addition to Robert Tichio, Jane Hunter, Dr. David Finn, Trevor St. Baker AO (Founder and Chairman of St. Baker Energy Innovation Fund), Brian Flannery (Managing Director of White Energy Company Limited), and Kara Frederick (Managing Director of Tiger Financial Group) are expected to join the combined company’s board of directors when the transaction closes.
“Today is an incredibly proud day for Tritium’s founders, David, James and Paul, and also for Australia’s technology and e-mobility sectors,” Mr. St. Baker said. “We’re proud to have supported the Tritium success story from a start-up in Brisbane, to a global exporter and manufacturer of advanced charging technology with a leading global market share.” Mr. St. Baker, along with Jeff Phillips (CEO of Varley Group) and Brian Flannery have been instrumental in steering the company to its present stage.
The boards of directors of both Tritium and DCRN have approved the proposed transaction, subject to, among other things, the approval by DCRN’s stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation, including the waiver or expiration of a Tritium shareholder’s right to acquire Tritium under the shareholder’s deed in relation to Tritium.
Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by DCRN with the Securities and Exchange Commission and available at www.sec.gov.
Advisors
Latham & Watkins LLP (US), Corrs Chambers Westgarth (Australia), and the Australian Partnership of Ernst & Young are advising Tritium during the transaction and DCRN is advised by Vinson & Elkins L.L.P. (US) and Clifford Chance LLP (Australia). Credit Suisse served as the exclusive financial advisor to a shareholder consortium that owns a substantial majority and control stake in Tritium and JPMorgan and Citigroup served as financial advisors to DCRN.
Investor Conference Call Information
Tritium and DCRN will host a joint investor conference call to discuss the proposed transaction today, Wednesday, May 26, 2021 at 8:00AM ET.
To listen to the prepared remarks via telephone dial 1-877-407-3982 if calling from the US, or 1-201-493-6780 if calling from outside the US and an operator will assist you. A telephone replay will be available at 1-844-512-2921 if calling from the US or 1-412-317-6671 if calling from outside the US, and will use passcode: 13720122. The replay will be available through June 9, 2021 at 11:59 PM ET.
About Tritium
Founded in 2001 by e-mobility pioneers, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. We make compact, robust designs that look great on Main Street and thrive in the world’s harshest conditions. Tritium technology is easy to install, easy to own, and easy to use. We never stop innovating in support of our customers around the world.
For more information, visit www.tritiumcharging.com
About Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors. These include the energy and agriculture, industrials, transportation and commercial and residential sectors. DCRN is sponsored by an affiliate of Riverstone Holdings LLC and represents a further expansion of Riverstone’s 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than US$5 billion of equity invested in renewables.
About St. Baker Energy Innovation Fund
Trevor St. Baker AO is a leading figure in the electricity and energy sector in Australia and globally, and a major investor in new technologies transforming the electricity and transport sectors.
His private fund, the St. Baker Energy Innovation Fund, was an early investor in Tritium and is currently the largest stockholder, with approximately 26 percent of the company’s equity.
Important Information and Where to Find It
In connection with the proposed business combination, DCRN and Tritium DCFC Limited (“NewCo”), which will be the going-forward public company, intend to file a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”), which will include a proxy statement/prospectus, and certain other related documents, to be used at the meeting of stockholders to approve the proposed business combination. INVESTORS AND SECURITY HOLDERS OF DCRN ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM, DCRN, NEWCO AND THE BUSINESS COMBINATION. The proxy statement/prospectus will be mailed to shareholders of DCRN as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in the Solicitation
DCRN and its directors and executive officers may be deemed participants in the solicitation of proxies from DCRN’s stockholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in DCRN is contained in DCRN’s filings with the SEC, including DCRN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021, and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants will be set forth in the Registration Statement for the proposed business combination when available. NewCo and Tritium and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of DCRN in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the Registration Statement for the proposed business combination when available.
No Offer or Solicitation
This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This document also does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward Looking Statements
Certain statements made in this document are “forward-looking statements” with respect to the proposed business combination and including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the services offered by Tritium and the markets in which it operates, and NewCo’s projected future results. These forward-looking statements generally are identified by the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “targets”, “may,” “will,” “should,” “would,” “will be,” “will continue,” “will likely result,” “future,” “propose,” “strategy,” “opportunity” and variations of these words or similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or are not statements of historical matters are intended to identify forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, guarantees, assurances, predictions or definitive statements of fact or probability regarding future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NewCo’s, Tritium’s or DCRN’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to complete the business combination in a timely manner or at all (including due to the failure to receive required shareholder approvals, or the failure of other closing conditions such as the satisfaction of the minimum trust account amount following redemptions by DCRN’s public stockholders, the waiver or expiration of a Tritium shareholder’s right to acquire Tritium under the shareholder’s deed in relation to Tritium and the receipt of certain governmental and regulatory approvals), which may adversely affect the price of DCRN’s securities; the inability of the business combination to be completed by DCRN’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by DCRN; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction; the inability to recognize the anticipated benefits of the proposed business combination; the inability to obtain or maintain the listing of NewCo’s shares on a national exchange following the proposed business combination; costs related to the proposed business combination; the risk that the proposed business combination disrupts current plans and operations, business relationships or business generally as a result of the announcement and consummation of the proposed business combination; NewCo’s ability to manage growth; NewCo’s ability to execute its business plan and meet its projections; potential disruption in NewCo’s employee retention as a result of the transaction; potential litigation, governmental or regulatory proceedings, investigations or inquiries involving NewCo, Tritium or DCRN, including in relation to the transaction; changes in applicable laws or regulations and general economic and market conditions impacting demand for Tritium’s or NewCo’s products and services; and other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in DCRN’s other filings with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statement, and NewCo and DCRN assume no obligation and do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither NewCo nor DCRN gives any assurance that either NewCo or DCRN will achieve its expectations.
Contacts:
For Investors
Caldwell Bailey
ICR, Inc.
[email protected]
For Tritium Media
Dan McDermott
ICR, Inc.
[email protected]
For DCRN Media
Daniel Yunger
Kekst CNC
[email protected]
Twelve 350kW chargers at MOTO’s new Rugby services offer a taste of the future.
The Electric Highway – the world’s first nationwide charging network, has today opened the UK’s largest high power motorway charging site, a development it promises will become ubiquitous as it transforms its network of facilities on the country’s motorways and major roads.
The installation is the first under the Electric Highway’s new partnership with GRIDSERVE, which saw the company take a 25% stake in the Highway – as well as bringing its acclaimed technology and expertise to the network.
The Electric Highway’s flagship motorway installation is open now at MOTO’s brand-new Rugby services at Junction 1 of the M6. The new facility includes 12 state-of-of-the-art high-powered pumps from Tritium, able to charge any EV at 350kW – adding up to 350 km (217 mi) of range to an EV in 10 minutes or less. All of these chargers are contactless.
“With an increasing demand for high power public charging infrastructure, Tritium is proud to be working in collaboration with Gridserve and Ecotricity to deliver the largest electric vehicle charging facility on Britain’s motorway services,” said Kevin Pugh, Tritium’s UK Country Manager. “Key partnerships like this will be important to scaling up and meeting future demand, with the significant growth of EV uptake in the near future.”
As part of the major Electric Highway transformation programme – funded by GRIDSERVE investor Hitachi Capital (UK) PLC – all existing 50kW pumps will be replaced this summer while in parallel, work has begun on high power installations across its entire network.
Toddington Harper, CEO of GRIDSERVE, said:
“GRIDSERVE’s purpose is to deliver sustainable energy and move the needle on climate change, and the rollout of high power chargers across Britain’s motorways in partnership with Moto will do just that – providing drivers with the confidence to go electric today.
“To see what the future of electric vehicle charging on the UK motorway network looks like, you can now visit Moto’s new Motorway Service Area at Rugby. After announcing our Electric Highway partnership with Ecotricity in March, and supported by Hitachi Capital (UK) PLC, we’ve been hard at work putting in the charging infrastructure needed to give people the confidence to make the transition to electric vehicles, by delivering 6-12 high power 350kW chargers across the network as quickly as possible, as well as replacing all the existing chargers with the latest technology.”
Dale Vince, Founder, The Electric Highway, added:
“We began building the Electric Highway ten years ago and Moto were one of our founding partners. Back then, state-of-the-art charging was just 7kW and here we are today at 350kW in just a decade. This is our very first high power installation, and this new technology comes just at a tipping point in the adoption of electric vehicles.
“This marks the beginning of our new partnership with GRIDSERVE, and kickstarts a comprehensive programme where these installations will become ubiquitous on the motorway network, helping to make the experience of using an electric car no different to using a fossil-powered one.”
About GRIDSERVE (www.gridserve.com)
GRIDSERVE® will radically transform the experience of using electric vehicles, by delivering a UK-wide, sustainable energy powered network of convenient, customer-focussed Electric Forecourts,® that allow the fastest possible net zero carbon charging of electric vehicles, with an awesome customer experience, that is also designed to help make using electric vehicles cost less than petrol or diesel combustion engine cars.
GRIDSERVE® is a tech-enabled international sustainable energy business which develops, builds, owns and operates solar energy and battery storage solutions for critical power infrastructure. GRIDSERVE’s team have been responsible for the development, construction and operation of more than a gigawatt of solar energy and energy storage solutions, including connecting over 100 utility-scale sustainable energy projects to the UK grid.
GRIDSERVE® is interested in connecting with additional operators of fleet vehicles, developers, EV manufacturers, local authorities, and multiple other potential partners who share our vision in collaborating across all the critical power infrastructure we are delivering, including Electric Forecourts®, hybrid solar farms, and remote power solutions.
About Ecotricity (www.ecotricity.co.uk)
Founded in 1995 from a single windmill by Dr Dale Vince OBE, Ecotricity was the world’s first green energy company. Today, it now powers over 200,000 homes and businesses across Great Britain with 100% renewable electricity from the wind and the sun – and carbon neutralised gas.
Ecotricity also operates the Electric Highway, Europe’s first nationwide electric vehicle charging network, which helped kickstart the EV revolution.
About Tritium
Founded in 2001 by e-mobility pioneers, Tritium designs and manufactures proprietary technology to create the world’s most advanced and reliable DC fast chargers for electric vehicles.
Compact, robust designs to look great on the Main Street or thrive in the world’s harshest conditions, Tritium technology is easy to install, easy to own, and easy to use. And we never stop innovating to support our customers around the world.
Contact us to see how we’re revolutionising electric transportation.
Osprey Charging Network has installed the first Tritium RTM75 rapid chargers in Europe, at a new Starbucks site in Gosport, UK. These chargers provide up to 75kW of charge to an electric vehicle (EV).
[LONDON, UK, April 29, 2021] — Tritium, a global leader in DC rapid charging technology for EVs, and Osprey Charging Network have just installed the first RTM75 chargers in Europe.
The Tritium RTM75 units were installed by Osprey in partnership with Harkalm in Gosport at their new Starbucks site operated by 23.5 Degrees Ltd. Osprey will be installing a mix of Tritium’s DC units at future sites, ranging from 75kW to 350kW.
“Osprey’s mission is to deliver the very best charging experience for the ever-growing number of EV drivers on UK’s roads. Tritium are an excellent partner for this mission,” said Ian Johnston, CEO of Osprey Charging.
Osprey Charging, one of the largest and fastest growing public charging network’s in the UK, is at the forefront of delivering the best EV charging experience for customers. Osprey is building upon the impressive roll-out in 2020 with agreements for over 400 chargepoints across 200 sites.
“Tritium is thrilled to launch the first RTM75 in Europe, which we are justifiably proud of. We are excited for this next phase of advanced EV charging technology, with improved user interface. This convenient customer charging experience has been a key criteria for Osprey as a leading network operator,” said Tritium UK Country Manager, Kevin Pugh.
The RTM75 charger power can be increased from 25kW to 50kW and 75kW, providing customers with the flexibility to easily upgrade the charger as site needs change and empower them to better serve the new wave of electric cars coming to the market with higher voltages. The innovative, modular design of the RTM75 means high uptime for the customers and consequently, a faster return on investment for operators. The RTM75 also adds convenience, providing options for 6m (20ft) cables with integrated cable management, ensuring safe and sustainable charging environments.
About Osprey Charging
Our mission is simple: to provide rapid EV charging that is accessible, easy-to-use, requires no membership or connection fees and operate with normal contactless payment. We provide fully funded and fully managed charging solutions for commercial landlords, local authorities, fleets and property developers.
Our commitment to the environment and the advancement of a low-carbon transport system and pollutant-free air. We guarantee that each charging point is powered using 100% renewable electricity.
About Tritium
Founded in 2001 by e-mobility pioneers, Tritium designs and manufactures proprietary technology to create the world’s most advanced and reliable DC fast chargers for electric vehicles.
Compact, robust designs to look great on the Main Street or thrive in the world’s harshest conditions, Tritium technology is easy to install, easy to own, and easy to use. And we never stop innovating to support our customers around the world.
Contact us to see how we’re revolutionising electric transportation.