Joint media release with Assistant Minister to the Minister for Industry, Energy and Emissions Reduction the Hon Tim Wilson MP
The Morrison Government is investing $6.1 million to accelerate JET Charge’s delivery of electric vehicle (EV) charging products to build Australia’s future transportation infrastructure and empower motorists.
JET Charge is a leader in EV charging infrastructure. The company installs EV chargers in dealerships, for public charging networks, and at home.
The Morrison Government, through the Clean Energy Finance Corporation (CEFC) Innovation Fund, is investing $6.1 million in JET Charge’s $25.5 million capital raise.
This will create more jobs in Australia by allowing the company to expand their workforce to over 100 people in the coming year and will advance its EV charging technologies.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said the Morrison Government is backing yet another Australian business rolling out low emissions transport technologies, while creating jobs.
“Building additional charging infrastructure is key to removing range anxiety and supporting consumer choice,” Minister Taylor said.
“More and more Australians are already making this choice, with plug-in EV sales tripling last year. This investment will support this number to grow even further.”
“This project expands on our $250 million Future Fuels Fund, taking the Government’s investment in low emissions vehicle technologies to over $2.1 billion.”
Assistant Minister to the Minister for Industry, Energy and Emissions Reduction Tim Wilson said: “Australia will get to carbon neutrality by working in partnership with businesses, like JET Charge, and our funding will build EV charging options, and the flow on effects for the grid.”
“Our investment will also potentially lead to savings for drivers through vehicle-to-grid technology.”
“Our Future Fuels strategy identified charging infrastructure as essential to boost consumer demand for electric vehicles – so Australians can be empowered through choice.”
JET Charge’s Energy Management System technology uses dynamic load control to monitor power demand in real time and adjust the charging rate of each station accordingly.
JET Charge’s technology also allows owners to report and monitor their charging stations, perform preventative remote maintenance and bill customers for charging sessions.
