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Shorepower Technologies (SPEV) news covers developments in transportation electrification, commercial charging infrastructure and grant-funded projects across North America. As a company that builds, deploys and operates plug-in stations for electric vehicles, heavy-duty trucks and refrigerated trailers, Shorepower’s announcements often highlight new connection points, technology introductions and network expansion milestones.
Readers following Shorepower news can expect updates on state and federal grant awards, such as multi-state projects that add Level 2 charging stations and electrified parking spaces at travel centers and other host sites. The company frequently reports on the growth of its heavy-duty focused network, including the number of facilities and connection points, and how each new project increases the scale and value of its commercial electrification services.
News items also feature product and technology initiatives, including the rollout of medium-speed DC fast chargers and the development of DC fast charging systems that incorporate mobile battery energy storage using repurposed EV batteries. These stories provide insight into how Shorepower approaches cost efficiency, grid impacts and access to charging in both corridor and community settings.
Corporate updates may include asset acquisitions, such as the purchase of truck stop electrification locations from other providers, as well as commentary on strategy, interstate corridor focus and relationships with travel centers and rest stop operators. For investors, fleet operators and observers of the EV charging ecosystem, the Shorepower Technologies news feed offers a way to track how the company’s network and technology portfolio evolve over time.
Shorepower Technologies (OTC: SPEV) entered a merger agreement dated Feb 17, 2026 to combine with Aeternum Health, with Shorepower as the surviving entity. The company will pivot from transportation electrification to longevity-focused healthcare services, products, and solutions.
Transaction terms include issuance of common stock representing 51% ownership to Aeternum's sole member, issuance of 2,000,000 Series B preferred shares (each with voting power equal to 40 common shares), transfer of peptide know-how and IP, a minimum $1.5 million cash contribution, and contribution of a peptide commercialization business. The parties intend the merger to qualify as a tax-free reorganization under Section 368(a). Leadership will change: Jeff Kim will resign and Paul E. Mann will become CEO and sole board member upon closing.
Shorepower (SPEV) has secured two new projects in California worth over $100,000, involving the installation of 4 Level 2 connection points in Boron and 12 Level 2 connection points in Norwalk. The company currently operates approximately 1,800 connection points in its commercial charging network.
Additionally, Shorepower has introduced a new "medium speed" DC Fast Charger (DCFC) with speeds ranging from 20kW to 40kW, which is 2-4 times faster than typical Level 2 chargers. These new chargers can operate on existing 208VAC 3-phase input, reducing upgrade costs, and are specifically designed for commercial vehicles like box trucks, electric buses, and high-capacity pickup trucks.
Shorepower Technologies Inc. (OTC: SPEV) has won a Phase 1 contract in the U.S. Department of Energy's Hero Re-X Before Recycling Prize challenge. This qualifies the company to participate in Phases 2 and 3, potentially worth up to $650,000. The project focuses on developing a DC fast charger with mobile battery energy storage using repurposed EV batteries, dubbed DCFC-BEST. This innovative approach aims to provide more affordable and equitable access to EV charging across the US, particularly in disadvantaged communities.
The technology could redefine DCFC installation costs and logistics by minimizing grid impacts, streamlining utility permitting, and simplifying deployment. Shorepower's CEO, Jeff Kim, highlights the potential for off-grid applications and solar integration. The company has nearly $1.2 million in outstanding grant proposals across various product lines and geographies.
Shorepower Technologies Inc. (OTC: SPEV) has agreed to acquire three Truck Stop Electrification Locations from IdleAir, adding nearly 100 connection points in Texas. This acquisition is immediately accretive and complements Shorepower's geographical footprint. CEO Jeff Kim sees this as potentially the first of many acquisitions between the two companies, aiming to strengthen Shorepower's position as the largest provider of commercial electrification services nationwide.
The acquisition marks Shorepower's first and brings its network to nearly 1900 connection points. Over the past 60 days, Shorepower has announced grant awards and projects valued at over $1,000,000. The company plans to continue growing both organically and through acquisitions, focusing on building out its Interstate strategy and developing relationships with travel centers and rest stop operators.
Shorepower Technologies (SPEV) has won over $1 million in state grants from Washington, New Hampshire, and California. The company aims to expand its network of over 1800 connection points. CEO Jeff Kim highlighted the significance of these wins and future growth potential. Shorepower is also formalizing its Board of Directors with experienced candidates in transportation electrification. The company plans to enhance its charging network, considering asset acquisitions to achieve critical scale. Shorepower continues to develop partnerships with travel centers and rest stop operators to provide essential charging infrastructure.
Shorepower Technologies, Inc. (SPEV) has won two state grants in Washington, totaling over $380,000, for the installation of Level 2 charging stations at two sites. The company's grant writing capabilities have been successful in securing awards in multiple states, reinforcing the value of its network. Shorepower's expansion efforts are important in light of Tesla scaling back on charging station deployment, highlighting the importance of building out the electric vehicle infrastructure.
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