ECOtality lands ABB investment, licensing deal
By Christina Williams
Sustainable Business Oregon editor
Swiss automation giant ABB made a $5 million follow-on investment in electric vehicle charging specialist ECOtality and signed a $5 million licensing agreement to use ECOtality's network technology in ABB's EV charging stations.
Under the license agreement San Francisco-based ECOtality, which is installing electric vehicle charging stations across Oregon as part of the federally funded EV Project, will provide its Blink Network operating technology to ABB for use in its systems.
The deal is an important one for ECOtality, which is looking to build a business in electric vehicle charging technology that will continue once the EV Project wraps in 2013.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.