Phillips 66 Taps FreeWire Technologies to Support First US Electric Vehicle Charging Program - Philips 66

Phillips 66 Taps FreeWire Technologies to Support First US Electric Vehicle Charging Program – Philips 66

Companies are developing a program to deploy fast-charging technology integrated with batteries, and strengthen their commitment to low-carbon solutions

LAS VEGAS–(BUSINESS WIRE)–Philips 66 (NYSE: PSX) has signed a letter of intent with FreeWire Technologies to support the first electric vehicle charging program in the United States, the two companies announced Wednesday.

This press release features multimedia. View the full version here: https://www.businesswire.com/news/home/20220601006100/ar/

The announcement highlights Phillips 66’s commitment to the pursuit of low-carbon solutions and comes as an endorsement of FreeWire’s ultra-fast charging technology and battery. The two companies will explore opportunities to deploy FreeWire technology at Philips 66’s US fueling stations and other strategic locations.

“With the growing adoption of electric vehicles, the Philips 66 is working with FreeWire to bring consumers electric gas stations that meet their expectations of high-speed charging on the go,” said Pam McGuinness, Vice President of Global Marketing at Philips 66.

FreeWire joined Phillips 66 at its branded marketer conference in Las Vegas this week to showcase the agreement. Phillips 66 plans to expand its base of electric gas stations by utilizing a retail network of approximately 7,000 US locations with Phillips 66®76® and Conoco® Trademarks.

“We are pleased to play a leading role in the Philips 66 Electricity plans that open up new customer relationships with electric vehicle drivers,” said Arkady Sosinov, founder and CEO of FreeWire. “As charging demand continues to increase, our battery-integrated chargers offer the shovel-ready, streamlined solution that many who enter the electric vehicle charging space are looking for.”

FreeWire’s Boost Charger provides an attractive alternative to costly and time-consuming upgrades to an individual site’s electrical grid and power infrastructure. It connects to existing infrastructure without burdensome construction costs and allows for restrictions.

“We love battery-powered chargers for many reasons. They reduce operating costs by charging the battery when power is cheaper but still provide the ability to give customers a quick charge,” said Lou Burke, director of branded sales at Phillips 66. Types of chargers minimal investment in electrical infrastructure, which greatly reduces permitting and time to value.”

FreeWire recently launched its new global headquarters, R&D and manufacturing facility in Newark, California. The company’s new 66,000-square-foot facility aims to accelerate the development and introduction of ultra-fast charging and energy storage solutions.

“We consider this the first of many exciting announcements being made in the field of fuel delivery,” Sosinov said. “We are very grateful to the Phillips 66 team for their confidence in our technology and their implementation as they take this important step toward electrification.”

The Boost Charger from FreeWire was recently shown as a finalist in the Transportation category for the Fast Company 2022 World Changing Ideas Awards. In April, FreeWire raised an additional $125 million in new capital from investors, including asset manager BlackRock, Inc.

About Philips 66

Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The energy company’s diversified portfolio includes midstream, chemical, refining, marketing and specialties businesses. Headquartered in Houston, Phillips 66 has employees around the world committed to providing safe, reliable energy and improving lives while striving for a low-carbon future. For more information visit phillips66.com Or follow @Phillips66Co at LinkedIn or Twitter.

About Freewire Technologies

Founded in 2014, FreeWire Technologies is the leading manufacturer of compact battery EV charging stations and power solutions in the United States. Boost ChargerTM They are connected to existing and ubiquitous low-voltage utility services and provide high-power charging in areas that typically require extensive network upgrades. Boost Charger’s combination of proprietary battery and power conversion technology enables ultra-fast charging of electric vehicles in all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed integrated battery chargers with Fortune 100 companies, commercial customers, fleets, retail locations and gas stations across the US and has partnered with bp pulse to deploy Boost Charger to its operations across the UK.

Philips 66:


Jeff Detert (investors)

832-765-2297

jeff.dietert@p66.com

Shannon Holly (investors)

832-765-2297

shannon.m.holy@p66.com

Thaddeus Herrick (media)

855-841-2368

thaddeus.f.herrick@p66.com

free wire:

Daniel Zotos

(617) 448-7497

dzotos@freewiretech.com

Source: Philips 66


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