Charge Enterprises Inc (fka CRGEQ)

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$CRGE Charge Enterprises and Lumio Partner to Deliver Seamless Residential EV Installation Solutions to EV Customers

- Lumio named preferred partner to execute on home installations in select markets
- Installations to be offered as a solution for EV buyers at the point of sale to alleviate concern over home charging install

NEW YORK, NY / ACCESSWIRE / January 23, 2023 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge") announced today that its portfolio company Charge Infrastructure and Lumio HX, Inc., a leading residential solar provider (Lumio), signed an agreement to develop a residential installation solution for EV buyers. Charge and Lumio will offer a white-glove, full-service solution, including Lumio's licensed home installation team, to its auto dealership partners providing a scalable residential EV charging services.

"As Charge Infrastructure continues to provide seamless EV charging infrastructure strategy, charging installation, and engineering solutions to its clients, this partnership illustrates Charge's commitment to execute on its goal to provide enhanced product offerings with forward-looking and sustainable technology." Said Andrew Fox, Chairman and CEO of Charge.

"The first concern for many potential new EV buyers centers around the process of installing a charger at their home," said Fox. "Lumio's expertise in home solar installation allows for a natural progression into home charging installation. Their stellar reputation allows our customers to rely on a team that emphasizes quality as a cornerstone of their business."

Charge and Lumio have agreed to develop a model whereby Lumio and Charge will earn revenue from installing home EV charging and provide additional opportunities based on new customer acquisition and future revenue streams from their solar maintenance and installation business. Charge and Lumio will continue to work together as future charging and solar solutions are installed and additional software solutions are developed.

"Lumio views this partnership with Charge as a tremendous opportunity to reach today's smart homeowners - people who see electrification as the future of sustainability. Charging at home is a necessity for every EV owner. But it's usually after they receive their first power bill when they realize they could be saving money by refueling from their own rooftop with good, clean sun energy," said Greg Butterfield, CEO of Lumio. "By combining our expertise, this unique partnership allows our companies to connect two marketplaces, solar and EV charging, which offer synergy, cost-savings, and a focused campaign on consumers who are eager to take part in the clean energy transition throughout the country."

About Lumio
Lumio is a leading U.S. residential solar company offering and installing customized solar energy systems. In December 2021, Lumio merged four leading regional solar providers and a software company into a national brand, with now with more than 5,000 team members. Lumio's stated mission is to lead the industry in customer experience, quality, and technological innovation. Lumio's vision to make power personal diversifies and decentralizes power production via good clean sun energy - making electricity cheaper, cleaner, and more reliable for homeowners across the country.

For more information about Lumio, visit Lumio.com
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https://www.accesswire.com/736184/Charge-Enterprises-and-Lumio-Partner-to-Deliver-Seamless-Residential-EV-Installation-Solutions-to-EV-Customers