NV Energy to Get into EV Charging Station Business

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Nevada, a state with lots of wide-open spaces, is looking to reduce range anxiety for electric vehicle owners.

Nevada’s Public Utility Commission has given the go ahead to NV Energy to own and operate EV charging stations.

The move is part of Nevada’s Strategic Planning Framework, which has the objective of completing an “electric highway” system serving the entire state by 2020.

NV Energy will commit $15 million to develop the charging stations.

The Nevada Governor’s Office of Energy (GOE), Nevada Department of Transportation (NDO) and Nevada’s electric utilities are expanding the state’s charging infrastructure to support EV deployment by internally connecting the state’s urban centers and providing corridor connectivity to the surrounding region.

Phase I will build charging stations on U.S. Highway 95. This first phase connects Reno and Las Vegas and eliminates range anxiety for EV owners while also bringing business to local communities.

The first two operational charging stations on U.S. 95 are located in Valley Electric Association’s service territory, at Eddie World in Beatty and in NV Energy’s service territory, at Fox Peak Gas Station in Fallon.

Charging stations are currently under development with NDOT in Hawthorne and Tonopah.

Phase II will include U.S. Interstate 15, U.S. Interstate 80, U.S. Highway 93, and U.S. Highway 50.

Electric Vehicle Charging Stations are placed at cost-effective and strategic locations along the Nevada’s major transportation corridors.

Each station is comprised of a minimum of one Direct Current Fast Charger and two Level 2 Chargers. Direct Current (DC) Fast Chargers can charge a vehicle in less than an hour; Level 2 chargers typically require several hours for a full charge.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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