Welcome to our dedicated page for Tritium DCFC Ordinary Shares news (Ticker: DCFC), a resource for investors and traders seeking the latest updates and insights on Tritium DCFC Ordinary Shares stock.
Tritium DCFC Limited (historically associated with the symbol DCFC and later DCFCQ) is described in its announcements as a global developer and manufacturer of direct current (DC) fast chargers for electric vehicles. The news surrounding Tritium focuses on deployments of its fast charging hardware, software capabilities that shape the charging experience, and significant corporate and listing developments.
Readers of the DCFC news page can expect coverage of Tritium’s participation in infrastructure programs and high-profile projects. Examples from the company’s own releases include being the top-awarded fast charger manufacturer in the first round of Tennessee’s National Electric Vehicle Infrastructure (NEVI) Formula Program, supplying rapid chargers for what is described as Wales’ largest EV charging facility at the National Library of Wales in Aberystwyth, and completing installation of 33 ultrafast chargers for a mechanized port charging program at the Port of Long Beach in California.
News items also highlight Tritium’s technology updates and partnerships. The company has announced the launch of Autocharge software capability on its RTM and PKM charger models, complementing its Plug and Charge offering, and has described collaborations with partners such as Lynkwell and AmpUp to integrate Tritium chargers into broader charging networks and upgrade existing RT50 stations. These stories provide insight into how Tritium’s hardware and software are used in fleet depots, retail hubs, and public charging networks.
In addition, Tritium’s news flow includes material corporate events. The company has reported receiving Nasdaq notices regarding minimum bid price requirements, a delisting determination, and subsequent delisting actions, as well as the appointment of voluntary administrators and receivers and managers in connection with insolvency-related proceedings. Visitors using this news page can review these historical announcements to understand both Tritium’s operational projects and its corporate status over time.
Tritium DCFC Limited has announced a new partnership with Osprey Charging Network to supply over 250 rapid DC fast chargers across 100 new locations in the UK. This expansion aims to support the UK's evolving need for electric vehicle charging, anticipating a need for up to 480,000 public charging points by 2030. Osprey's network is set to grow by over 50%, enhancing access to reliable charging infrastructure in car parks and major transit routes. CEO Jane Hunter highlighted the significant growth in EV adoption in the UK, with a 76% increase in sales from 2020 to 2021.
Tritium DCFC Limited (Nasdaq: DCFC) has announced the appointment of three key executives to support its global expansion. David Nicholl joins as Chief Sales Officer, bringing over 20 years of experience in electrification, previously with Schneider Electric and ABB. Keith Hutchison becomes Chief People Officer, known for his HR leadership at National Grid, and Michael R. Collins is appointed General Counsel and Company Secretary, with extensive legal experience in public companies. These additions aim to strengthen Tritium's position as a leader in fast charging technology for electric vehicles.
Tritium DCFC Limited (NASDAQ: DCFC) announced a multi-year contract with bp to supply nearly 1,000 DC fast chargers for bp’s EV charging network in the UK, Australia, and New Zealand. This partnership marks a significant strategic milestone. Tritium CEO Jane Hunter emphasized the importance of collaboration in accelerating the transition to clean transportation, aligning with bp's goal of achieving net zero emissions by 2050. The company's focus is on innovation in reliable EV charging technology to support global access.
Tritium DCFC Limited (NASDAQ: DCFC; DCFCW) announced participation in several upcoming conferences, including the 34th Annual ROTH Conference on March 14-15, 2022, in Dana Point, CA, and the Advanced Clean Transportation Expo from May 10-12, 2022, in Long Beach, CA. These events represent opportunities for management to engage with investors and showcase Tritium's innovative electric vehicle charging solutions. Presentations will be accessible on their website at tritiumcharging.com.
Tritium DCFC Limited (NASDAQ: DCFC) has appointed Glen Casey as its new Chief Operating Officer (COO). With over two decades of experience in the automotive and manufacturing sectors, Casey previously served as the Interim Director of Global Operations. His leadership is expected to enhance operational performance and streamline product distribution as Tritium expands globally. The company recently announced a new manufacturing facility in Lebanon, Tennessee, anticipated to create over 500 jobs and produce up to 30,000 DC fast chargers annually.
Tritium DCFC Limited (NASDAQ: DCFC, DCFCW) has partnered with Wise EV, a subsidiary of Wise Power, to develop a new national EV charging network. The initiative starts with 25 fast charging locations in Florida, leveraging Tritium's technology. Florida ranks second in EV sales and received significant funding for electric vehicle infrastructure under the $7.5 billion Infrastructure Investment & Jobs Act. Wise EV aims to establish metropolitan hubs and interstate charging spokes to create a coast-to-coast charging network by 2023.
Tritium has announced plans for a new DC fast charger manufacturing facility in Lebanon, Tennessee, following its recent listing on Nasdaq (ticker: DCFC). This facility will have up to six production lines, create more than 500 jobs over the next five years, and produce over 10,000 chargers annually, with peak capacity potentially reaching 30,000 units. The expansion aims to enhance EV charging infrastructure in the U.S. in light of the Infrastructure Investment and Jobs Act facilitating a nationwide network of EV chargers. Production is set to start in Q3 2022.
Tritium DCFC Limited has secured an agreement with Electromin to supply 200 DC fast chargers, including the RTM and PKM150 models, to enhance EV infrastructure in Saudi Arabia. This move aligns with the Kingdom's commitment to achieve net zero carbon emissions by 2060. Tritium aims to leverage this partnership to expand its market presence in the Middle East, facilitating the growth of electric vehicle adoption through improved charging accessibility. The partnership underscores Tritium's focus on innovation in charging technology.
Tritium DCFC Limited (Nasdaq: DCFC), a manufacturer of DC fast chargers for electric vehicles, recently celebrated its official listing on Nasdaq with a Closing Bell ceremony in Times Square, which took place on January 27, 2022. The company began trading on January 14, 2022, after merging with Decarbonization Plus Acquisition Corporation II. CEO Jane Hunter emphasized the importance of accessible charging infrastructure as the transport industry electrifies, noting Tritium's significant milestones, including over 3.6 million charging sessions initiated across 41 countries and the launch of the PKM150 charging system.
Tritium has successfully completed its business combination with Decarbonization Plus Acquisition Corporation II, enabling Tritium to become a public company. The ordinary shares and warrants will start trading on NASDAQ under the tickers DCFC and DCFCW from January 14, 2022. The capital raised is expected to support Tritium's growth in the EV charging sector, advancing operations and enhancing product offerings. Tritium's CEO Jane Hunter anticipates that this transition will accelerate electrification and contribute to reducing global emissions.
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