Tritium DCFC Ltd (DCFCQ)

[sharky]

Thanks for sharing DCFC grand opening.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171448051


$DCFC $Evfastcharging

[WeTheMarket]

Video on grand opening of Tritium's new fast charger factory in Tennessee, posted 7 days ago.

[sharky]

NEVI program: DOT Releases Final Standards for Federally Funded EV Charging Stations
March 10, 2023

Going into effect on March 30th


https://m.crowell.com/NewsEvents/AlertsNewsletters/All/DOT-Releases-Final-Standards-for-Federally-Funded-EV-Charging-Stations


$DCFC $EVfastcharging

[ssc]

The info below is from a recent filing. I see over 40 million shares available to be sold with average cost of $1.33/share or less. I also have watched an endless supply of sellers on the ask as it has gone lower and lower for months now even as the price hits $1.10. There is something wrong here.

The Selling Securityholders named herein are comprised of DCRN Sponsor, directors and certain legacy investors in Tritium Holdings (as defined herein), Palantir and certain of our executive officers. The following table provides the number of Ordinary Shares offered hereby by each Selling Securityholder as well as the historical weighted-average price paid per Ordinary Share by each Selling Securityholder:



Selling Securityholder Number of Ordinary Shares
Offered for Resale (1) Historical Weighted-
Average Price Paid
Per Share ($)(2)

Decarbonization Plus Acquisition Sponsor II LLC
8,519,436 2.06

Entities affiliated with St Baker Energy Holdings Pty Ltd
35,510,820 1.33

Varley Holdings Pty Ltd
895,333 0.70

Ilwella Pty Ltd
770,500 1.77

Palantir Technologies Inc.
1,000,000 6.00

Finnmax Pty Ltd
5,065,766 0.11

Jane Hunter
1,088,782 1.79

Dr. David Finn
36,325 — (3)

[sharky]

Has a 3 year window, and may never tap it at all. Just an opportunity to tap it if they need to. We are expanding, and business is ramping up along with the revenues. Great news this past year IMO.


$DCFC $EVfastcharging

[pauly3]

Yes, and those shares are not being sold as of this moment.

[ssc]

Did you see the filings from 3/10?

[pauly3]

The shelf shares are NOT being sold right now and.....

https://twitter.com/TritiumCharging/status/1635642554774433793?cxt=HHwWgsC9jZqP_LItAAAA

[ssc]

Sorry pauly, but you said the magic word - shelf. Looked into it and it is bad. Can't believe this company is so desperate for cash, but it does explain why there are always shares for sale no matter how low it goes.

For now, you can take any analyst estimates and cut them in half. Then just hope management stops offering shares at these low prices. No one should take my word for this, just read the shelf offering and look at the latest prospectus. Might be good for the company but the worst for shareholders.

[pauly3]

I hear ya, but with Tritium's annual sales, they could get a better valuation on Shark Tank.

[ssc]

Back in January I posted:
"The chart looks like dcfc on the way back down to $1. Hope I am wrong about that."
Sorry to say the chart was right. Must be something going on outsiders like us are not aware of. A stock doesn't fall from $16 to $1 for no reason.

Love the new plant, love the product, hope things turn around soon.

[pauly3]

Starting to think I've been taken for a ride on this one. I've been trying to leave a simple message with investor relations as to why the share price has continued to decline in the face of good news, from the company and from the govt. and I keep getting rejected stating that my message may contain spam. I've simplified my message many times, started completely over multiple times, same thing...my message may contain spam. So I tried to call their Americas office. [phone] Operator says they are closed today so I left a message. Called back and tried to talk to administration, said all operators were busy and sent me to voice mail rather quickly. Can't believe they would be closed today, no holiday or anything.

[pauly3]

BS

[sharky]

Seems some scared of bank problems also, along with inflation can be much panic

[pauly3]

You can't tell me that there has been enough selling pressure the past two trading sessions to warrant this kind of drop. No way are there more people selling at a loss than there are scooping up cheap shares. Even with the shelf offering, those shares are not in the supply of shares yet.

[sharky]

Looking for that churn, 1.30 looks like pivot



$DCFC

[pauly3]

https://www.theverge.com/2023/3/10/23630952/revel-ev-charging-nyc-ceo-interview-tesla-moped

[sharky]

DCFC: Here is what top equities market gurus are saying about Tritium DCFC Limited [DCFC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DCFC shares is $7.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DCFC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH Capital lifts Tritium DCFC Limited [DCFC] price estimate. Who else is bullish?

https://dbtnews.com/2023/03/10/roth-capital-lifts-tritium-dcfc-limited-dcfc-price-estimate-who-else-is-bullish/


$DCFC $EVfastcharging

[WeTheMarket]

Tritium Reports Record Sales, Revenue, and Backlog for 2022 Calendar Year
03/09/2023
https://tritiumcharging.com/tritium-reports-record-sales-revenue-and-backlog-for-2022-calendar-year/

BRISBANE, Australia, March 9, 2023 – Tritium DCFC Limited (Nasdaq: DCFC) (“Tritium” or the “Company”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced record sales orders, record revenue, and record backlog for the Company’s 2022 calendar year, and released financial statements for the six-month period ended December 31, 2022.

Calendar Year 2022 Results

- Received record sales orders valued at $195 million in calendar year 2022, representing an increase of 38% over the previous calendar year’s result of $141 million
- Achieved record revenue of $102 million in calendar year 2022, at the high-end of the previously announced range of $95 – $102 million, of which $73 million was achieved in the six months ended December 31, 2022, a 27% increase over the results of the corresponding six-month period ended December 31, 2021
- Cash and cash equivalents of $69 million as at December 31, 2022
- Achieved a record purchase order backlog of approximately $159 million at December 31, 2022

Second Half 2022 Calendar Year Results

- Achieved record backlog and revenue in the second half of the 2022 calendar year
- Had backlog of $159 million at December 31, 2022, and achieved revenue of $73 million for the six-month period ended December 31, 2022, representing increases of 115% and 27%, respectively, compared to the same period in the 2021 calendar year
- Gross margin was -9.7% for the six-month period ended December 31, 2022, which is reflective of ramp-up costs while the Company invested in and opened its new Tennessee factory and is expected to normalize over the course of calendar year 2023, particularly in the second half
- December 31, 2022, Tritium reported $69 million in cash and cash equivalents and $107 million in raw materials and finished goods inventory
- Net comprehensive loss was $56 million for the six-month period ended December 31, 2022, a 17% improvement from the corresponding prior six-month period ended December 31, 2021

“We remain focused on our goal of becoming the number one global manufacturer of electric vehicle fast chargers,” said Tritium CEO Jane Hunter. “We invested in a US factory earlier than our competitors and on a bigger scale. We expect our Tennessee factory to become our global revenue engine, in part by unlocking the benefits of the US government’s $7.5 billion of funding for EV chargers and maintenance, which requires domestically built charging equipment and will ultimately require more than 55% locally sourced components. Our new factory started shipping products to customers in August 2022 and, with the recent announcement of the final Build America, Buy America guidelines for the NEVI program, we believe Tritium has a major head start and a leading position in supplying fast chargers for the US through what we expect will soon be the highest capacity fast charger factory in the country.”

2023 Calendar Year Guidance

- Tritium reaffirms expected revenue for the 2023 calendar year in excess of $200 million, corresponding to annual growth of over 100%, and reaffirms the timeline with approximately 35% forecast for the first half of the 2023 calendar year and the balance in the second half of the 2023 calendar year
- Tritium expects gross margin to improve to between 10% and 12% for calendar year 2023, particularly through the second half as the Tennessee factory starts to hit scaled production targets and the manufacturing overhead associated with a greenfield facility is absorbed. The Company will also benefit from lower cost freight routes from the East Coast of the US to Europe, delivering stock via truck instead of air or sea to North America, as well as price increases implemented in the 2022 calendar year, which require backlog builds to be completed to be fully realized
- Tritium expects to become EBITDA positive during the first half of the 2024 calendar year

Tritium continues to see strong customer growth, with increasing orders from charge point operators, fleets, utilities, and the fuel and convenience segments, many of which have shared public plans to install tens of thousands of electric charging stations over the next five years.

“Our results in the second half of 2022 demonstrate the strength of Tritium’s position in the global fast charging market as we address the demands of the growing electric vehicle industry,” said Tritium CFO Rob Topol. “With our new state-of-the-art Tennessee factory coming online and increasing production capacity, we are confident that Tritium will continue to be a leader in the global transition to electric mobility and drive sustainable change for a cleaner and greener future.”

In support of this accelerating demand from new and existing customers for Tritium’s fast chargers, the Company expects to scale the Tennessee factory to five production lines and two shifts on two of those lines by the end of the 2023 calendar year. Through this production ramp, the Company expects to produce a total of 11,000 units for the 2023 calendar year and projects global annualized production rates of 16,000 units by December 2023 and 28,000 units by December 2024. Tritium believes the Company’s planned US production capacity remains the highest of any publicly announced DC fast charger manufacturer in the US.

Based on management estimates, at December 31, 2022 Tritium believes it held the #1 universal fast charger market share in the US, Australia, and New Zealand, and the #3 position across Europe.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) 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.

Presentation of Information

Unless otherwise indicated, references to a particular “fiscal year” are to our fiscal year ended June 30 of that year. References to a year other than a “fiscal” or “fiscal year” are to the calendar year ended December 31.

[staynafloat]

Tritium setting up for a big year

🛣️Get charged up for a coast-to-coast road trip! The #NEVI program will provide $5B in funding for fast chargers spanning 75K+ miles of US highways.

Need help navigating the funding? Check out our blog to learn how to navigate the NEVI funding and more. https://t.co/HTpDQgA31u

— Tritium® (@TritiumCharging) March 9, 2023

https://tritiumcharging.com/what-is-nevi-and-how-will-it-help-electrify-american-transportation/?utm_source=twitter&utm_medium=social&utm_term=&utm_content=&utm_campaign=

[sharky]

DCFC 52 week high 10.55: DCFC news: Tritium Reports Record Sales, Revenue, and Backlog for 2022 Calendar Year


https://www.globenewswire.com/news-release/2023/03/09/2624269/0/en/Tritium-Reports-Record-Sales-Revenue-and-Backlog-for-2022-Calendar-Year.html


$DCFC $EVfastcharging

[staynafloat]

Tritium Reports Record Sales, Revenue, and Backlog for 2022 Calendar Year

https://www.benzinga.com/pressreleases/23/03/g31277778/tritium-reports-record-sales-revenue-and-backlog-for-2022-calendar-year

[sharky]

Hitting my bids, growing company, nice opportunities IMO



$DCFC $EVcharging

[pauly3]

Someone on the yahoo message board said that Tritium was goin to. E releasing some kind of financial report on March 6th. Does anyone here know anything about this?

[sharky]

DCFC accumulation picking up again off 52.71 RSI on chart.


$DCFC

[sharky]

The markets all down. Always great opportunities IMO. Business is ramping up and we have a backlog of orders that have to be filled. DCFC is hiring people to keep up with the demand. Ev chargers are needed, its the future. All good news, just needs the overall market to start moving in right direction. I am adding to my stash.

[ssc]

I really like this company, but what are we missing here?

[sharky]

bp plans to invest $1 billion in EV charging across US by 2030, helping to meet demand from Hertz’s expanding EV rentals

https://www.bp.com/en_us/united-states/home/news/press-releases/bp-plans-to-invest-1-billion-in-ev-charging-across-us-by-2030-helping-to-meet-demand-from-hertzs-expanding-ev-rentals.html

Wonder how much $$$$ coming to $DCFC

[sharky]

DCFC Electric vehicle charging station maker Tritium boosts jobs pledge near 800

https://www.google.com/amp/s/www.bizjournals.com/nashville/news/2023/02/13/tritium-ev-charging-stations-lebanon-jobs-bp.amp.html


$DCFC

[WeTheMarket]

Revel: Electrifying Urban Mobility
02/07/2023
https://tritiumcharging.com/revel-electrifying-urban-mobility/

Electric vehicles (EVs) are often out of reach for people in America’s large cities. Most of those cities lack affordable, convenient public charging sites and charging operators are hesitant to install sites because there aren’t enough EVs. Revel is bringing both to major cities across the U.S. The company’s Superhubs feature convenient public fast chargers and house fleets of EVs for their rideshare service. Superhubs give city dwellers an affordable way to use EVs while allowing Revel to build out much-needed charging infrastructure across major cities. The company opened its first Superhub in the underserved community of Bedford–Stuyvesant in Brooklyn, New York in 2021. The facility features 25 Tritium DC fast chargers for their fleet of Tesla Model Y EVs.

About Revel
Revel’s mission is to accelerate EV adoption in cities by providing the infrastructure and services that make it easy to go electric. Revel currently operates in New York City and San Francisco and employs over 700 people.

Challenge
Like any fleet, EV rideshare services need reliable, easy-to-use, and fast charging infrastructure to ensure high fleet availability and uptime. Every minute spent charging is a minute that could be spent serving rideshare customers. EV rideshare services also need chargers that can accommodate any brand and type of EV. Revel currently uses Tesla Model Y EVs for their rideshare service, but the company wanted the flexibility to use any brand of EV in the future. It also needed chargers that are compatible with any customer EV. And because they’re charging a fleet and providing a large-scale public fast charging, Revel understood the importance of reliable DC fast chargers.

Lastly, Revel needed compact chargers to make efficient use of the space available at their Superhub site—the former Pfizer manufacturing facility. The 660,000-square-foot facility was renovated for reuse in 2014 and now supports a thriving commercial business district with shops and restaurants.

Solution
When Revel started planning their first Superhub charging station and fleet depot, they reached out to Tritium for their charging needs. Revel chose a 75kW variant of Tritium’s modular and stand-alone fast charger, the award-winning RTM. The RTM has built-in power rectifiers, making installation faster and easier in tight spaces. It also uses modular power modules for improved reliability, serviceability, and upgradability.

“We needed proven, reliable fast chargers that could be installed in small spaces,” said Revel’s Head of Infrastructure Tobias Lescht. “Tritium’s modular technology allows for easy and fast maintenance. The chargers are compact, which is key for us because we operate in an urban environment. Tritium has been a good partner developing technology in lockstep with our business goals.”

Revel installed 25 RTM chargers at its Bedford-Stuyvesant Superhub. Tritium chargers can easily charge Revel’s Model Y EVs using an adapter and EVs that use CCS or CHAdeMO. The chargers are used to power Revel’s own fleet of rideshare vehicles and are available for other EV drivers who need to charge up. EV drivers only pay for power at the Revel Superhub, not parking, making the facility a popular destination for EV drivers across the city.

Results
Since launching their Superhub in June of 2021, Revel has logged more than 68,000 charging hours and 1.8 million kWh supplied on Tritium chargers. As of January 2023, the Brooklyn Superhub has logged 500k rideshare trips.

“The Tritium RTM chargers are a good for our Brooklyn Superhub”, said Tobias Lescht, Revel’s Head of Infrastructure. We really have put them to the test with our high usage.”

Stats
- 25 RTM 75kW DC fast chargers
- 25 charging spaces
- 68,000 charging hours
- 1.8 million kWh power supplied
- 200 EV rideshare fleet

Tritium Charger Used
Tritium’s stand-alone 75kW RTM fast charger is perfect for retail environments or anywhere a compact, all-in-one charger is required.

- Deliver up to 75kW DC power
- Dimensions: 1,998mm x 783mm x 309mm (78.6” x 30.8” x 12.1”)
- IP65 and NEMA 3R weather seal rating
- Operating temperature range: -35°C to +50°C (-31°F to +122°F)
- CCS (up to 200-920V/350A DC) and CHAdeMO (up to 200-920V/200A)
- Simultaneous charging ready
- Optional contactless 3-in-1 credit card reader
- ISO15118 “Plug and Charge” ready
- Multi-language support
- Ethernet & 3G/4G wireless communication
- 6m (19’6’) cables with cable management or 3m (10’) cables without cable management
- 10.1” LCD display
- LED lighting
- Custom vinyl wraps available
- Compliant with global accessibility standards

[sharky]

DCFC 2.11 The 7 analysts offering 12-month price forecasts for Tritium Dcfc Ltd have a median target of 6.00, with a high estimate of 11.00 and a low estimate of 3.00.

https://money.cnn.com/quote/forecast/forecast.html?symb=DCFC#:~:text=Tritium%20Dcfc%20Ltd%20(NASDAQ%3ADCFC)&text=The%207%20analysts%20offering%2012,the%20last%20price%20of%201.49.


$DCFC $fastcharging

[WeTheMarket]

They say "A picture is worth thousand words." Below is the one month chart for Tritium share price.

[pauly3]

I wonder when She'll is going to put their order in a reserve their spot in line?

[sharky]

Nice, we are BP clients. Business ramping up as company is hiring more employees to keep up with all the orders.


$DCFC

[glenn1919]

DCFC..........................https://stockcharts.com/h-sc/ui?s=DCFC&p=W&b=5&g=0&id=p86431144783

[WeTheMarket]

BP plans to invest $1b in EV caharging across the US by 2030. https://www.bp.com/en_us/united-states/home/news/press-releases/bp-plans-to-invest-1-billion-in-ev-charging-across-us-by-2030-helping-to-meet-demand-from-hertzs-expanding-ev-rentals.html

[WeTheMarket]

New Biden EV charger rules stress Made In America, force Tesla changes
By Jarrett Renshaw and Hyunjoo Jin
February 15, 2023
https://www.reuters.com/business/autos-transportation/new-biden-ev-charger-rules-stress-made-america-force-tesla-changes-2023-02-15/

Key quotes:

"The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024."

"Companies that hope to tap $7.5 billion in federal funding for this network must also adopt the dominant U.S. standard for charging connectors, known as "Combined Charging System" or CCS; use standardized payment options; a single method of identification that works across all chargers; and work 97% of the time."

"The first tranche of the billions in federal funds will now be rolled out to states in upcoming weeks, forcing companies like Tesla, EVgo Inc (EVGO.O) and ChargePoint Holdings Inc (CHPT.N) to jockey for their share of the funds from state governments."

[sharky]

DCFC 1.60 The 7 analysts offering 12-month price forecasts for Tritium Dcfc Ltd have a median target of 6.00, with a high estimate of 11.00 and a low estimate of 3.00. The median estimate represents a +302.68% increase from the last price of 1.49.

https://money.cnn.com/quote/forecast/forecast.html?symb=DCFC#:~:text=Tritium%20Dcfc%20Ltd%20(NASDAQ%3ADCFC)&text=The%207%20analysts%20offering%2012,the%20last%20price%20of%201.49.


$DCFC $fastcharging

[WeTheMarket]

Tritium Featured in White House Fact Sheet.

FACT SHEET: Biden-Harris Administration Announces New Standards and Major Progress for a Made-in-America National Network of Electric Vehicle Chargers
FEBRUARY 15, 2023

Link https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/15/fact-sheet-biden-harris-administration-announces-new-standards-and-major-progress-for-a-made-in-america-national-network-of-electric-vehicle-chargers/

Relevant excerpt:

"Investments include:

- Tritium DCFC Limited, an Australian-based EV fast charger producer, held a grand opening in August for its first US-based factory, located in Lebanon, Tennessee. The facility will produce up to 30,000 DC fast chargers per year at peak capacity. Today, Tritium announced it will add more than 250 jobs to this facility, for a total of more than 750 cleantech jobs at the company’s Lebanon factory. Tritium is a participant in the White House Talent Pipeline Challenge, a nationwide initiative to create equitable job opportunities in growing industries."

[WeTheMarket]

Tritium to Add 250+ Tennessee Jobs; Recognized for Safe and Sustainable Workplace at U.S. Factory
02/15/2023
https://tritiumcharging.com/tritium-to-add-250-tennessee-jobs-recognized-for-safe-and-sustainable-workplace-at-u-s-factory/

Amid growing demand for its chargers, Tritium continues to invest in its U.S. manufacturing facility

LEBANON, Tenn., February 15, 2023 —Tritium DCFC Limited (“Tritium” of the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced that the Company will be adding more than 250 jobs to the total anticipated workforce at its Lebanon, Tennessee factory. The Company also shared the recent achievement of International Organization for Standardization (“ISO”) certifications at the facility.

“The need for accessible, reliable fast EV chargers has never been greater, as demonstrated by our record production in December, and recently announced record backlog and sales. Tritium is thrilled to be growing our team and creating new cleantech jobs in the Middle-Tennessee region,” said Tritium CEO Jane Hunter. “Alongside our rapid growth, Tritium remains focused on building a workplace that is attractive to our employees and grows our reputation in the region. We look forward to expanding the business in 2023 as we continue to pursue Tritium’s mission to electrify transportation.”

The 250+ jobs included in this announcement will add to the more than 500 jobs over the next five years in Lebanon, Tennessee that the Company announced in February 2022.

Demonstrating its commitment to creating high-quality jobs, Tritium is a participant in the White House Infrastructure Talent Pipeline Challenge, a nationwide initiative to create equitable job opportunities in growing industries, such as electrification. Tritium’s employee-focused programs include an apprenticeship partnership with the Tennessee Department of Labor and Workforce Development and the Tennessee College of Applied Technologies. The Company is also developing an employee ride-share program in partnership with Enterprise, as well as pursuing childcare assistance options.

“Tritium is thrilled by the ongoing growth and success of the Lebanon facility throughout our first year of operation,” said Keith Hutchison, Chief People Officer at Tritium. “We’re continuously impressed by the drive and talent of our local team and are eager to expand our workforce amid exciting growth Company-wide.”

Tritium also recently achieved several certifications from the ISO at its Tennessee facility. The ISO is a global industry standard that certifies the implementation of high-quality processes. Tritium earned the following ISO certifications:

- ISO 9001:2015, quality management systems
- ISO 14001:2015, environmental management systems
- ISO 45001, occupational health and safety

“Our Tennessee team is very proud to have achieved these ISO certifications,” said Glen Casey, Chief Operating Officer at Tritium. “Earning these certifications is a reflection of the high standards we set when it comes to the quality of our products and processes, the safety of our employees, and our environmental impact. We’re continuously impressed by the caliber of this team, and eager to see what they will bring to the Tritium business in 2023.”

Tritium CEO Jane Hunter first announced the opening of the Tennessee facility alongside President Joe Biden at a White House event in February 2022. At peak capacity, the facility is expected to be capable of producing up to 30,000 units annually.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) 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.

[pauly3]

Biden strikes EV deal with Tesla, others for widespread charging station access

https://www.yahoo.com/finance/news/biden-strikes-ev-deal-with-tesla-others-for-widespread-charging-station-access-100044167.html

Quite a few Tritium customers named in the article. BP, Hertz, EVgo!! This could end up being a great week.

[pauly3]

Big corporations are cutting jobs, while Tritium is adding!!! That tells me something about the future direction of Tritium.

[sharky]

DCFC Electric vehicle charging station maker Tritium boosts jobs pledge near 800

https://www.bizjournals.com/nashville/news/2023/02/13/tritium-ev-charging-stations-lebanon-jobs-bp.html?utm_source=st


$DCFC

[WeTheMarket]

OK Prepares to Deploy More Than 300 Tritium DC Fast Chargers to Expand Denmark’s EV Infrastructure
02/14/2023
https://tritiumcharging.com/ok-prepares-to-deploy-more-than-300-tritium-dc-fast-chargers-to-expand-denmarks-ev-infrastructure/



Highlights
- OK a.m.b.a (OK) are preparing to roll out hundreds of Tritium DC fast chargers throughout Denmark.
- Building on several successful installations since summer 2022, Tritium will supply OK, Denmark’s largest fuel retailer, with - over 300 fast chargers for use at fuel stations, on highways, in urban areas and retail sites, and with OK’s corporate fleet and fleet customers.
- OK’s plans support objectives to reduce greenhouse gas emissions and put charging infrastructure in place to help meet the Danish government’s goal of at least 775,000 electric or plug-in hybrid vehicles on the roads by 2030.

AMSTERDAM, Netherlands, 14 February 2023 – Global electric vehicle (EV) fast charger manufacturer, Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), today announced that OK a.m.b.a. (OK), Denmark’s largest fuel retailer, has purchased more than 300 fast chargers for use at fuel stations, on highways, in urban areas and retail sites, and with OK’s corporate fleet and fleet customers.

OK currently owns more than 670 fuel stations in Denmark. Many of these fuel stations are co-located with Coop retail outlets, Denmark’s’ leading consumer goods retailer, and the new charging stations will provide Danish drivers with access to fast and convenient charging infrastructure.

This deployment of Tritium fast chargers is part of OK’s wider plan to support the expansion of Denmark’s public charging infrastructure in both large and small Danish cities, providing the fast charging infrastructure needed to support the Danish Government’s goal of at least 775,000 electric or plug-in hybrid cars on the country’s road network by 2030, in a bid to reduce greenhouse gas emissions by 70%.

“In 2022, nearly 40% of cars sold in Denmark were electric or plug-in hybrids, providing evidence of the Danish technology transition and solidifying Denmark’s position as a global leader in the transition to sustainable transportation,” said Jane Hunter, Tritium CEO. “A growing network of public fast chargers will add further momentum to Denmark’s EV uptake, and we’re pleased to support OK’s e-mobility goals. Our partnership with OK will increase drivers’ access to fast chargers in Demark, enabling a more rapid transition to EVs with all of the environmental benefits they bring.”

OK has already received a portion of this purchase order and successfully launched the first of its Tritium 75kW modular chargers at the Super Brugsen store in Hillerød and the Kvickly store in Odder, Denmark. As chargers are installed at Coop stores across Denmark, customers will be able to pay for their charging session using OK’s award-winning app, providing a seamless and convenient customer experience.

“OK is focused on providing a seamless and authentic customer experience and we are thrilled to be partnering with a leading fast charger manufacturer such as Tritium, giving us the prospect of accelerating our plans of expanding our DC network. OK’s first Tritium sites in Odder and Hillerød have been a success, and OK are looking forward to setting up new sites across Denmark,” said Thor Folmann Krarup, E-mobility Manager, OK a.m.b.a.

Denmark is making positive strides towards phasing out internal combustion engine vehicles. With records broken for the sale of battery electric vehicles (BEV) in 2022, the Danish Car Importers Association (DBI) recently reported that sales of new electric vehicles increased by 23.8% from 2021 and accounted for 38.6% of new vehicles sold in 2022. In mid-October, Denmark reached the significant milestone of 100,000 BEVs registered to drive on Danish roads, a ten-fold increase from three years ago.

In 2022, the number of publicly accessible fast chargers in Denmark tripled to 784, and Tritium is proud to contribute to this rapid growth in charging infrastructure. As this trend continues, Tritium and OK will work collaboratively to provide a fast, reliable, and safe charging network to serve all Danish drivers.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) 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.

About OK a.m.b.a.

OK a.m.b.a. is a Danish cooperative. In addition to the parent company OK, OK also counts subsidiaries such as Kamstrup, EnergiData and OK Plus. OK includes more than 670 gas stations, more than 200 car washes and 80 Truck Diesel stations, and OK is thus Denmark’s largest filling station chain. OK is a nationwide supplier of gasoline, diesel, e-mobility, transport diesel, heating oil, lubricants, natural gas and electricity for both business and private individuals. In addition, OK provides consulting, design and installation of heat pump solutions of all sizes. OK has three biogas stations and also provides refueling points for four of Everfuel’s hydrogen refueling plants.

More information on OK can be found at www.ok.dk/om-ok

[sharky]

DCFC Fast EV charging and BP: Tritium Secures Largest Order in Company History from bp
Tritium’s largest order to date will deliver fast chargers across the United States, United Kingdom, Europe, and Australia.
January 17, 2023 07:00 ET | Source: Tritium DCFC Limited

BRISBANE, Australia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that bp has placed the largest ever order from a single customer in Tritium’s history. bp will install the chargers for fleets and the general public in the United States, the United Kingdom, Europe, and Australia as bp expands its EV charging business, bp pulse.

"As bp’s EV charging infrastructure grows worldwide, Tritium is a natural choice for this order,” said Richard Bartlett, CEO bp pulse. “Tritium has a global presence and industry-leading DC fast charging technology - we’re looking forward to putting these chargers to work across three continents.”

Tritium is supplying the chargers for bp pulse as part of a multi-year contract between the two companies, announced in April 2022, for chargers and related services to support bp’s growth in electrification.

“Tritium envisions a world in which fast EV charging is everywhere,” said Tritium CEO Jane Hunter. “We’re grateful to the bp team for their order and look forward to working together to support bp pulse as they build a reliable, accessible fast charging network around the world.”

bp's order includes a mix of Tritium’s 50kW RTM and 150kW PKM chargers. Tritium’s RTM is the company’s first modular charger and one of the most advanced DC fast chargers on the market. Ideal for network operators, dealerships, and the retail and hospitality industries, the RTM uses a single person lift power module system for easier power upgrades, maintenance, and serviceability.
Tritium’s high-powered and modular 150kW PKM charger leverages a pool of shared power to deliver higher charger availability and power output, through Tritium’s innovative micro-grid design. The model is popular across fleets, network operators, heavy commercial units, retail, and hospitality.

"As a result of bp’s order, Tritium’s industry-leading fast EV chargers will make it easier than ever before for commercial and everyday drivers to join the e-mobility transition,” Hunter continued.

Tritium anticipates manufacturing the chargers destined for bp’s European and American markets in the company’s Lebanon, Tennessee facility, which opened in August 2022 and is expected to reach a production capacity of 30,000 units per year at full maturity. The chargers for bp’s Australia markets are expected to be manufactured in Tritium’s Brisbane factory, which has a capacity of 5,000 units per year.

This announcement comes two months after Tritium CEO Jane Hunter joined bp CEO Bernard Looney for the Australia launch of bp’s global electrification brand, bp pulse. The executives appeared together to officially open the new bp pulse fast charge points at bp Bayside at Brighton East in Melbourne.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) 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

Forward Looking Statements

This press release includes “forward-looking statements.” The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Media Contacts
Jack Ulrich
[e-mail]

Investor Contact
Cary Segall
[e-mail]

$DCFC

[WeTheMarket]

Tritium 2022 Year in Review.
Posted February 8, 2023
https://tritiumcharging.com/2022-year-in-review/

[pauly3]

You can click on each state to see their respective NEVI deployment plans that they have submitted.

https://www.fhwa.dot.gov/environment/nevi/ev_deployment_plans/

[pauly3]

It will take a little more time for the infrastructure money to start to affect Tritium, but it's coming. A forward looking market should start to realize this pretty soon I would think.

https://www.fhwa.dot.gov/bipartisan-infrastructure-law/nevi_formula_program.cfm

[pauly3]

This sounds like very good news for Tritium

https://www.autoblog.com/2023/02/02/electric-vehicle-dc-fast-charger-national-network-study/?guccounter=1&guce_referrer=aHR0cHM6Ly9zdG9ja3R3aXRzLmNvbS8&guce_referrer_sig=AQAAALFDxp_3C_raYm-OTNM6gbaiqzRf-mB6uRyQjTfqVMqgfFHAtV7IScVOkWH_gDkCw9_IQ0az-z5lGbnSczF3Oor1Sxbwv9ISxVjXDdMdO8Uk6BwLH3bPB65RrUPay5GhN0zh8rDkYClJf4k4uMvT04iW3HbJWLHcApJSfWCWbml-

[WeTheMarket]

Ssc, I don't think so. Saw this news posted on another board, stating that these chargers could be replaced by Tritium chargers in the future, and does provide a boost to Tritium.