SK Signet to Supply at Least 1,000 Ultra-Fast Chargers in the U.S.

Contract Signed with Francis Energy, the 4th Largest Fast Charging Operator in the US

SK Signet announced on the 17th that it has secured a supply contract for at least 1,000 ultra-fast chargers with Francis Energy, the 4th largest fast charger operator in the United States.

The two companies began negotiations last year and signed a contract to supply at least 1,000 units of 400kW ultra-fast chargers over five years until 2027.

On the 17th, SK Signet announced that it has secured a supply contract for at least 1,000 ultra-fast chargers with Francis Energy, the fourth-largest fast charger operator in the United States.

This contract is the first to receive subsidies under the U.S. electric vehicle charging infrastructure expansion policy (NEVI), with more than half of the total contract volume qualifying. The Biden administration announced in 2022 that it will invest a total of $5 billion over five years to build 500,000 charging stations by 2030.

Francis Energy was founded in 1934 as Francis Oil & Gas and shifted its business focus to electric vehicle charging in 2015 under the name Francis Energy. It mainly operates fast charging station construction projects along highways in the U.S. and currently operates more than 550 chargers across eight states.

SK Signet completed the inauguration ceremony of its Texas factory last month and began mass production this month. Domestic production in the U.S. is essential to receive NEVI program subsidies, and SK Signet’s Texas factory is capable of producing 10,000 ultra-fast chargers annually.

Shin Jeong-ho, CEO of SK Signet, stated, "The SK Signet V2 product is the most efficient configuration that meets NEVI standards, and we plan to complete the development of products applying the North American Charging Standard (NACS) soon." He added, "We will proactively respond in the U.S. ultra-fast charging market to contribute to the activation of electric vehicle adoption."

This content was produced with the assistance of AI translation services.