ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

California American Water Partners with Paired Power to Deliver Microgrid Electric Vehicle Charging

Today, California American Water announced its partnership with Paired Power, a leading U.S. solar microgrid manufacturer, to deliver resilient renewable energy to its company’s San Diego District electric vehicles without relying on the grid.

The company recently installed Paired Power’s PairTree, a U.S.-made solar canopy that combines solar power with available grid power and battery storage to deliver day or night charging for electric vehicles. As a fully resilient source of electricity, PairTree can also provide emergency backup power during grid outages and help reduce dependence on the grid.

"We are excited to work with Paired Power to complete this important project that will allow us to reduce our carbon footprint and reduce long-term costs to customers," said Kevin Tilden, President of California American Water. "Utilizing Paired Power’s clean electric power and storage reflects California American Water’s disaster-preparedness and commitment to help meet California’s emission reduction goals and improve locals’ air quality, health, and safety.”

California American Water recognizes that access to clean water is essential for businesses to thrive and communities to flourish. Investing in EV infrastructure helps safeguards public health and the environment. According to the EPA’s emission rates calculator, California American Water will be able to prevent 4,472 pounds - which is roughly the weight of a Tesla Model Y - of CO2 from being emitted into the air annually by using PairTree to charge one vehicle.

“We’re honored that California American Water chose Paired Power to help power its electric vehicles,” said CEO Tom McCalmont. “We made PairTree with the future in mind, and it’s exciting to see our charging solution being embraced by such a respected and forward-thinking water company that serves three quarters of a million Californians.”

California American Water has a longstanding commitment to its customers, as well as the environment. Paired Power’s clean solar powered microgrid EV charging energy is aligned with the company’s legacy of stewardship of the land, air and water in California.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About California American Water

California American Water, a subsidiary of American Water, provides high-quality and reliable water and wastewater services to approximately 700,000 people. For more information, visit www.californiaamwater.com and follow California American Water on LinkedIn, Facebook, X, and Instagram.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.