Paired Power One of Eight Companies to Receive Award from Governor Gavin Newsom’s Office of Business and Economic Development to Expand Operations in California
21 Mayo 2024 - 5:54AM
Business Wire
Paired Power, a solar and microgrid electric vehicle (EV)
charging company, announces that it's one of eight California-based
companies to receive the Governor's Office of Business and Economic
Development (GO-Biz) committee’s tax credit award to expand its
business in the state.
“We’re so appreciative and grateful to the GO-Biz committee for
recognizing our commitment to add jobs and grow our business in the
state that we love,” said Tom McCalmont, Paired Power CEO. “The tax
credit will allow us to expand our team, build more solar powered
EV chargers, and deliver clean energy to customers in the state and
across the country.”
Paired Power’s EV charging products are U.S.-made and designed
and built in Campbell, California. With its $3.5 million tax credit
award from GO-Biz, the company will expand its operations and
support new jobs in both Campbell and the Central Valley – and
ultimately help ensure that the state can meet its petroleum
reduction target of 50 percent by 2030. According to the EPA’s
emission rates calculator, by switching from a standard
grid-connected EV charger to a Paired Power solar charger, each EV
owner can prevent more than 4,000 pounds of CO2 from being emitted
into the air annually.
Paired Power provides energy to leading Fortune 100
corporations, small businesses, wineries, farmers, and cities and
counties throughout California. With robust support from
California’s leadership, the company plans to continue growing its
green footprint across the state — leading to clean energy adoption
and sustainable careers for Californians.
Governor Newsom said in his statement about the investment:
“California’s economy is the fifth largest in the world and we’re
supporting workers and businesses as they reach success. This
funding will help businesses create good-paying jobs — from steel
manufacturing in Kern County to sustainable lithium production in
Imperial Valley — and support the state’s economic dominance for
years to come.”
Images, Courtesy of Paired Power: https://shorturl.at/fzJKO
About Paired Power: Paired Power manufactures solar-powered and
microgrid electric vehicle charger facilities (EVCF) that pair
solar energy with EV charging, energy storage, and the grid. Its
microgrid solar powered EV chargers pair solar arrays with Battery
Energy Storage Systems (BESS) to provide Level 2 EV charging day or
night. Visit PairedPower.com.
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