Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.

29 February 2024

ChargePoint a leading provider of solutions for charging electric vehicles (EVs), EnTech Solutions, a division of Faith Technologies Incorporated (FTI) and a comprehensive distributed energy solutions provider, and Wells Fargo (NYSE: WFC), a leading financial services company, today announced their collaboration to offer simplified, flexible financing solutions for businesses building out charging infrastructure for EV fleets.

Wells Fargo has worked with EnTech Solutions to create a financing program specifically for the eSkid™ charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software. The funding provides an affordable financial package with various term options and a simple application process, and it bundles the EnTech Solutions eSkid with ChargePoint chargers, installation, warranty and software.

Installing charging infrastructure can typically be costly and timely, but with EnTech Solutions’ eSkid charging solution and Wells Fargo’s flexible, customizable loan and lease options, businesses across the U.S. can embark on an affordable sustainability journey.

What is an EnTech Solutions’ eSkid™ Charging Solution?

EnTech Solutions’ eSkid charging solution is a rapidly deployable EV charging station designed to drop in place, allowing businesses to offer charging within days of installation. The eSkid has configurable plates to accommodate different charger orientations — it comes pre-wired for two ChargePoint Express 250 charging stations with the option to have different chargers installed — providing flexible options intended for private use with commercial vehicle fleets and businesses.

What are the benefits?

  • Flexible: Charging stations are impermanent and can be relocated as a business grows and evolves, an ideal solution for companies that lease their facility.
  • Configurable: The 4’x10’ pad has configurable plates to accommodate different charger orientations that fit best with any business operations.
  • Quick to deploy: Pre-configured wiring prior to arrival onsite make commissioning quick and unobtrusive.
  • Reduced civil work: The above-ground skid option eliminates the need for a permanent concrete pad, reducing project complexities.
  • Custom branding: The eSkid charging solution is a blank canvas and can be branded to suit a business or fleet need.

“EnTech Solutions is pleased to collaborate with Wells Fargo and ChargePoint to easily bring these flexible, configurable EV charging solutions to EV owners and EV fleet managers,” said Wade Leipold, executive vice president with Faith Technologies Incorporated (FTI), the parent brand of EnTech Solutions. “Together, we can contribute to lowering carbon emissions through supporting the growth of electric vehicle utilization.”

“For many years our clients have told us a significant impediment to the deployment electric vehicles in their fleets is the availability and installation of charging equipment and infrastructure,” says John Crum, head of Transportation for Wells Fargo Equipment Finance. “We are excited to collaborate with industry leaders such as ChargePoint and EnTech Solutions to bring a streamlined financing program for the rapidly deployable, eSkid charging stations that will provide opportunities for companies to become more sustainable.”

“ChargePoint is committed to enabling opportunities for more companies to participate in the transition to electric mobility,” Rich Mohr, senior vice president, Americas, at ChargePoint. “With Wells Fargo and EnTech Solutions, we are delivering an innovative, turn-key charging solution, while simultaneously reducing a barrier to entry by eliminating upfront investments in infrastructure and drastically reducing time deployment.”

For more information or inquiries about eSkid charging station solutions, please contact Steven Waters, [email protected].

 

Source:businesswire.com