The Canada Infrastructure Bank (CIB) and FLO have announced plans to install more than 2,000 public fast charging ports across Canada by 2027. Supported by a $220 million loan from CIB, this project signifies the first investment under the bank’s Charging and Hydrogen Refuelling Infrastructure (CHRI) initiative. The joint effort with FLO aims to accelerate the private sector’s development of large-scale charging infrastructure.
The addition of over 2,000 new charging ports to the existing 2,500 universal public fast charging ports will nearly double Canada’s current capacity. As transportation contributes to 25% of the country’s greenhouse gas emissions, the expansion of EV charging infrastructure is crucial for driving zero-emission vehicle adoption and reducing emissions nationwide.
The partnership is designed to tackle the barriers to private investment in charging infrastructure, including the rate and pace of EV adoption and charger utilization. The project will involve the creation of a FLO-owned and operated network of fast chargers, primarily using the recently launched dual-port FLO Ultra. This powerful charger can deliver up to 320 kW of energy, charging most EVs to 80% in only 15 minutes.
Chargers will be installed within four years at around 400 sites throughout Canada. FLO will partner with site hosts to place chargers along qualifying transportation corridors and in urban and suburban communities with populations over 20,000. This strategy offers an appealing opportunity for site hosts seeking to provide charging services without managing the planning, installation, and operation tasks.
Louis Tremblay, President and CEO of FLO, expressed excitement about the collaboration, stating, “We are pleased to have a lending partner like the CIB and look forward to working together to accelerate the expansion of fast and reliable EV charging, which is critical to Canadian EV adoption.”
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