This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPED8C0MC_M.jpg
New York Governor Kathy Hochul’s office announced Monday that the state has awarded a $1 million grant to an Israeli EV Charging design company called ZOOZ. A step forward in the states plans to expand its electric vehicle infrastructure and technological capabilities, this partnership will allow New York to integrate fast-charging battery capabilities and help with plans to phase out gas-powered vehicles within the next decade.
The state will have to integrate fast-charging battery technology with local power grids. ZOOZ uses a flywheel-based, kinetic energy storage technology for its power booster to help charge batteries faster.
“Through key strategic partnerships, New York is driving the advancement of cutting-edge clean energy technologies that will have a global impact in the fight against climate change,” Hochul said. “New York’s collaboration with the state of Israel, a hub for innovative, clean energy technologies, will deliver forward-thinking solutions that will strengthen New York’s EV infrastructure.”
The money awarded to ZOOZ comes from the New York Power Authority, which is funded through bonds and the sale of electricity.
“NYPA has multiple successful partnerships with Israeli firms developing innovative, smart technologies that are helping New York achieve its ambitious climate goals,” said the authority’s CEO, Justin Driscoll. “This latest technology developed through our collaboration with ZOOZ will enable New York to install more EV fast chargers at more locations while reducing grid impacts, making it possible for more New Yorkers to adopt cleaner methods of transportation.”
