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SolarBank has submitted $1.5M in grant applications for three fast electric vehicle – EV – charger projects in Ontario, Canada. The projects are owned by AI Renewable 2023 in partnership with a First Nation. These pilot projects represent AI Renewable’s first EV charging investments. The applications were submitted as part of the Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program. SolarBank’s role will be the turnkey developer, asset manager and operations and maintenance provider. The total cost of the Projects is estimated to be $2.3M, and the company is expecting to receive maximum grant funding subject to approval by Natural Resources Canada. The results of the application are expected by January 2025, with development of the Projects expected to reach completion by Q4 2026. Two of the Projects also have grant applications under review by the Ontario government’s EV ChargeON program and are expecting to receive the results before the end of the current calendar year.
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