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USA: eVgo Unveils Houston’s First Freedom Station Charging Site

Gives eVgo subscribers ability to power vehicles in 30 minutes or less
HOUSTON, Sep 07, 2011 (BUSINESS WIRE) — –Media event: Unveiling of charging station
–11:00 a.m. Thursday, September 8
–H-E-B at Buffalo Speedway and Bissonnet
NRG Energy’s /quotes/zigman/337115/quotes/nls/nrg NRG +0.20% eVgosm electric vehicle (EV) charging network now includes Houston’s first Freedom Stationsm, allowing eVgo subscribers to plug in their vehicles while they are shopping and take advantage of DC chargers that can add 30 miles of range in as little as 10 minutes. Currently, the eVgo network is the only electric vehicle charging network in the nation to offer this extremely fast charging option.

The first Freedom Station is located at the H-E-B Buffalo Market at the intersection of Buffalo Speedway and Bissonnet Street. Three additional Freedom Station sites will open within the next two weeks at the Shops at Houston Center in downtown Houston, the Walgreens at 19710 Holzwarth Street and the Walgreens at 8942 West Sam Houston Parkway North. This is part of a network that will include 25 Freedom Stations around Houston by year-end and 25 more in 2012 with additional stations located on the grounds of retailers such as H-E-B, Best Buy, and others.

Houston Mayor Annise Parker will host an event recognizing the strides the City of Houston has taken in advancing the electric vehicle infrastructure as part of the Freedom Station unveiling this Thursday.

Each Freedom Station offers room for two cars to charge simultaneously. In addition to the 480-volt DC fast charger able to charge an EV at a rate of 160 miles of range per hour of charge, Freedom Station sites also offer a 240-volt Level 2 charger that can add up to 25 miles of range in an hour.

“This partnership with H-E-B, the Shops at Houston Center and Walgreens brings unprecedented charging capability to EV drivers in Houston,” said Arun Banskota, president of eVgo. “This Freedom Station, and the many that will follow in the coming months, will provide EV drivers with a convenient option for charging and offer them complete range confidence knowing they can power their vehicles throughout the greater Houston area.”

“The City of Houston is proud of its vision and ongoing leadership in electric vehicle and plug-in hybrid technology,” said Mayor Annise Parker. “This innovative technology is part of our alternative transportation future, helping the City save money by reducing gasoline costs while also reducing in-city tailpipe emissions.”

The country’s first privately funded charging network, eVgo provides EV owners with extremely convenient and affordable unlimited miles “home-and-away” charging plans with no upfront cost and a flat monthly fee. eVgo will install and maintain the region’s charging infrastructure of home chargers and public fast charging stations. EV drivers who purchase one of eVgo’s charging plans will have access to the eVgo network in both Houston and Dallas as well as the Interstate 45 corridor, expected to be electrified by the end of 2012. eVgo subscribers will also have access to other eVgo cities which are expected to be announced in the future.

“eVgo’s 50 Freedom Station sites in Houston will help reduce air emissions, offer a way for drivers to avoid high prices at the gas pump and reduce America’s dependence on foreign oil,” said Banskota. “Plus, they are fun to drive.”

EVs–powered by electricity generated from cleaner domestic fuels, including Texas wind–have the potential over time to reduce air pollution dramatically and begin to put the brakes on the ongoing transfer of American wealth to oil-producing nations. America spends approximately a billion dollars a day for imported oil and transportation accounts for more than a quarter of America’s greenhouse gas emissions.

About NRG

NRG Energy, Inc., a Fortune 500 and S&P 500 Index company, owns and operates one of the country’s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Company’s power plants provide nearly 25,000 megawatts of generation capacity–enough to supply nearly 20 million homes. NRG’s retail businesses, Reliant Energy and Green Mountain Energy Company, combined serve more than 1.8 million residential, business, commercial and industrial customers. With investments in solar, wind and nuclear power, as well as EV infrastructure, NRG is working to help America’s transition to a clean energy economy. NRG Energy is a founding member of the Electrification Coalition, a nonpartisan, not-for-profit group of business leaders committed to policies and actions that facilitate the deployment of electric vehicles on a mass scale. More information is available at www.nrgenergy.com .

About eVgo

eVgo is the nation’s first privately funded, comprehensive electric vehicle ecosystem. The eVgo network gives EV owners new freedom and range confidence via home charging and fast-charging stations conveniently located at major retailers, employers and along highways across eVgo cities. eVgo allows EV owners to avoid paying large up-front costs for a home charger and provides unlimited use remote charging–all for one low monthly fee. To find out more, or to join the eVgo network, visit www.evgonetwork.com .

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include NRG’s expectations regarding the electric vehicle and electric vehicle infrastructure and forward-looking statements typically can be identified by the use of words such as “will,” “expect,” “believe,” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the power industry, competition in wholesale power markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our electric vehicle projects. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’ future results included in NRG’s filings with the Securities and Exchange Commission at www.sec.gov .

SOURCE: NRG Energy, Inc.

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Source marketwatch.com

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