{"id":396564,"date":"2020-12-09T10:19:20","date_gmt":"2020-12-09T15:19:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396564"},"modified":"2020-12-09T10:19:20","modified_gmt":"2020-12-09T15:19:20","slug":"connecticut-green-bank-and-its-ev-charging-partners-register-the-first-validated-multi-partner-carbon-offset-credit-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/connecticut-green-bank-and-its-ev-charging-partners-register-the-first-validated-multi-partner-carbon-offset-credit-project\/","title":{"rendered":"Connecticut Green Bank and its EV Charging Partners Register the First Validated Multi-Partner Carbon Offset Credit Project"},"content":{"rendered":"
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Project Paves Way for More EV Charging Stations and Partners Across the U.S.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n HARTFORD, Conn.<\/span>, Dec. 9, 2020<\/span> \/PRNewswire\/ —\u00a0Connecticut Green Bank (“Green Bank”) and its partners are proud to announce a unique collaboration that is the first joinable, grouped carbon offset credit project registered under the new methodology<\/a> for electric vehicle (EV) charging systems. The project design has been successfully validated under Verra’s internationally recognized Verified Carbon Standard (VCS) Program by third-party verification firm, SCS Global Services.\u00a0 <\/p>\n

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Project addresses a key challenge in mitigating climate change<\/div>\n

CT Green Bank’s expanding roster of project partners, which currently includes EV pioneers Volta, U-Go Stations which was recently acquired by Blink Charging, Proterra, and the Ev Structure Company \u2013 with Dominion Energy joining \u2013 already have 725 EV charging stations across the United States<\/span> enrolled with the project. With registered carbon credits, this validated project, once verified in mid-2021, is expected to bring in new funding from the carbon capital markets, which will increase the value proposition and accelerate the deployment of EV charging infrastructure in communities across the U.S. <\/p>\n

“This is a partnership between innovators who are each working to secure a safer and healthier future for the communities they serve by addressing a key challenge in mitigating climate change \u2013 deploying charging infrastructure for electric vehicles,” said Bert Hunter, CT Green Bank Executive Vice President and Chief Investment Officer. “We’re proud to debut this project as a scalable climate finance solution that \u2013 like the Green Bank itself \u2013 sources investment capital from private markets.”<\/p>\n

These partners span sectors from electricity-powered transit buses to public destination charging stations and infrastructure, providing reliability for EV drivers.<\/p>\n