| Car Charging Group, Inc. Establishes Subsidiary to Become Electricity Reseller |
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| News archive - Green energy | |||
| Wednesday, 28 April 2010 06:45 | |||
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Car Charging Group, Inc. (OTCBB:CCGI) has formed CCG Energy LLC ("CCG Energy") for the purpose of applying to become a reseller of electricity. Once licensed and approved by the appropriate State and Federal regulatory agencies, CCG Energy will benefit Car Charging Group by providing the company with more flexibility in the way it powers its growing system of electric car charging stations. "We believe the market for charging stations will grow exponentially as automakers answer increasing consumer demand for greener cars by manufacturing new electric car models such as the Nissan Leaf, GM Chevy Volt, and Tesla Model S," said Andy Kinard, President of Car Charging Group, Inc. "Recognizing that a lack of a pre-existing operational infrastructure for charging systems remains a major obstacle to mass-market adoption, we have formed CCG Energy to augment our current ability to install, own and service EV charging stations with the ability to buy and sell affordable electricity in approved states and in the future, provide V2G (vehicle to grid) services." The formation of CCG Energy will allow Car Charging Group to provide the most competitive pricing for its end-user customers. CCG Energy will also allow the company to continue to promote and provide customers with cleaner energy alternatives while also developing a solid operational infrastructure in preparation of the launch of electric vehicles.
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