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AWK American Water Works

138.75
2.53 (1.86%)
Last Updated: 20:42:34
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Water Works NYSE:AWK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.53 1.86% 138.75 138.88 136.66 137.00 384,080 20:42:34

Paired Power Partners with California American Water to Deliver Microgrid EV Charging in San Diego, California

22/08/2024 3:28pm

Business Wire


American Water Works (NYSE:AWK)
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Leading U.S. solar microgrid manufacturer Paired Power announces its partnership with California American Water to deliver resilient EV charging without relying solely on the grid.

The installation of Paired Power’s solar EV charger PairTree™ reflects California American Water’s disaster-preparedness and commitment to help meet California’s emission reduction goals and improve locals’ air quality, health, and safety.

“We’re honored that California American Water chose Paired Power to help power its electric vehicles,” said Paired Power CEO Tom McCalmont. “We made PairTree with the future in mind, and it’s exciting to see our charging solution being embraced by such a respected and forward-thinking institution that serves three quarters of a million Californians.”

California American Water recognizes that access to clean water is essential for businesses to thrive and for communities to flourish. Investing in EV infrastructure is about both safeguarding public health and the environment. According to the EPA’s emission rates calculator, California American Water will be able to prevent 4,472 pounds – which is roughly the weight of a Tesla Model Y – of CO2 from being emitted in the air annually by using PairTree to charge one vehicle.

"We are excited to work with Paired Power to complete this important project that will allow us to reduce our carbon footprint and reduce costs to customers," said Kevin Tilden, President of California American Water. "Utilizing Paired Power’s clean electric power and storage reflects California American Water’s disaster-preparedness and commitment to help meet California’s emission reduction goals and improve locals’ air quality, health, and safety.”

Paired Power’s “PairTree'' is a U.S.-made solar canopy that combines solar power with available grid power and battery storage to deliver day or night charging for electric vehicles. As a fully resilient source of electricity, PairTree can also provide emergency backup power during grid outages, and help reduce users’ dependence on the grid.

PairTree can be used for both standalone solar power, or for microgrid renewable power with optional grid connection. Built with durability in mind, PairTree installation takes less than a day and fits into a standard 9 x 18 foot parking space. It has no moving parts, and doesn’t require ongoing maintenance like other problematic “tracker” charging solutions. PairTree offers both one or two Level 2 EV charging ports with the industry standard J1772 EV interface, and is wind-rated up to 130 mph, which is ideal for regions with unpredictable weather patterns.

About California American Water

California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and wastewater services to more than 725,000 people. Information regarding California American Water’s service areas can be found on the company’s website www.californiaamwater.com.

About Paired Power

Trusted by military organizations, cities, governments, and leading corporations, Paired Power manufactures solar-powered microgrid electric vehicle charger facilities (EVCF) that pair solar energy with EV charging, energy storage, and the grid. Paired Power’s flagship product is PairTree™, a microgrid solar powered EV charger that pairs a 4.6kW solar array with a 42.4 kWh Battery Energy Storage System (BESS) to provide Level 2 EV charging day or night. To learn more, visit www.pairedpower.com.

Images are available here: https://drive.google.com/drive/folders/1jfUxBRiTDX6vpvY38pj-jkaYqNCMqdYv?usp=sharing

media@pairedpower.com

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