PALO ALTO, CA -- (Marketwire) -- 04/05/12 -- 350Green, a developer of electric vehicle (EV) charging station networks, announced today the first public retail fast charging station in the State of California. The fast charger is located at the Stanford Shopping Center, part of Simon Property Group (NYSE: SPG), the world's leading retail real estate company. The company also announced plans to install 24 additional public fast chargers at multiple high-traffic retail locations throughout the Bay Area, for a total of 25 stations. A fast charger can fully charge an electric car in under 30 minutes.
'We're excited to be the first in the state to offer our shoppers the fastest charging option available,' said John Benvenuto, Mall Manager, Stanford Shopping Center. 'This reinforces the commitment to sustainability and convenience that our customers in the Bay Area have come to expect from us as a reflection of their values.'
'Fast chargers make a big impact on an electric car driver's mobility,' said Mariana Gerzanych, 350Green's co-founder and CEO. 'By installing this first of many fast chargers throughout the Bay Area, we are helping to make it as easy and convenient to charge your EV as going to the cash machine or gas station.'
Starting today, shoppers at the Stanford Shopping Center will be able to choose between using the new fast charger (located in the Lower Level Parking deck off Quarry Road, between Macy's and Bloomingdale's) or one of the existing 350Green Level 2 chargers (located in the Lower Level Parking Deck off Orchard Lane between Macy's and Bloomingdale's).
The fast charger unveiled today was funded in part by a grant from the Bay Area Air Quality Management District (BAAQMD) as part of its 'Spare the Air' program. This program also aims to make driving an electric vehicle in the Bay Area a viable option for individuals. The installation of all 25 fast chargers is scheduled to be complete by the fall of 2012. The chargers are made by Efacec USA, Inc., an electric vehicle charging station manufacturer and Smart Grid solutions provider. The City of Palo Alto and installer John Ryan Company, Inc., also helped make the first fast charger possible.
Before charging an electric car with one of the 350Green's fast-chargers, drivers must purchase a payment card from 350Green (www.350Green.com/card). The $21 card includes three 30-minute sessions good for use at the fast charging stations. Alternately, drivers can 'top off' at one of the two Level 2 stations in one to two hours for free for an introductory time period, after which 350Green will offer various pricing plans.
350Green is a project developer that designs, builds and operates scalable networks of plug-in electric vehicle (EV) charging stations across the US. The company distributes its stations by partnering with retail hosts at select, high-traffic shopping centers and other places near where EV drivers live and work, to create an expansive and convenient network of EV charging locations. Current projects totaling several hundred chargers are underway in Chicago, the State of Pennsylvania, and the San Francisco Bay Area. More information on 350Green and its projects can be found at its website, www.350green.com.
About Simon Property Group
Simon Property Group, Inc., (NYSE: SPG) is an S&P 100 company and the largest real estate company in the world. The company currently owns or has an interest in 337 retail real estate properties in North America and Asia comprising 245 million square feet, as well as a 29 percent interest in Klépierre, a publicly-traded French REIT with a portfolio of approximately 270 shopping centers in 13 countries in Europe. The company is headquartered in Indianapolis, Indiana, and employs approximately 5,500 people in the US. For more information, visit the Simon Property Group website at www.simon.com.