AeroVironment chosen by TXU Energy to deploy EV charging stations

AeroVironment, Inc. (NASDAQ: AVAV) announced today that it has been selected by TXU Energy to deploy electric vehicle (EV) charging stations to support a public charging network in the Dallas Metro-plex area beginning with a historic installation in the City of McKinney.

According to the news release, TXU Energy CEO Jim Burke and the mayor of McKinney,Brian Loughmiller announced the new charging network at an event in front of the McKinney Public Library where the first of four charging stations was installed.

The photo, courtesy of AeroVironment's website, shows a prototype Quad Charger station that TN reported on a few months back, when the company aligned with NRG Energy, Inc. (NYSE: NRG). It shows the alignments and the forward thinking.

The installation of AeroVironment’s UL Listed charging stations throughout the Dallas/Fort Worth Metroplex area is a demonstration of the commitment by the electric retailers and municipalities to meet customer needs and actively promote sustainability.

“Practical EVs are here today and it’s important for us to offer clean refueling options to EV drivers who are embracing this new and exciting technology,” said Jim Burke, chief executive officer of TXU Energy. “We are very impressed with the AeroVironment equipment and they were helpful and very knowledgeable in all aspects of the installation and operation.”

AeroVironment’s EVSE-CSsystem is listed by the Underwriter’s Laboratory and has met its rigorous requirements for safety, construction and performance measures. AV’s supporting network data systems are designed with an open architecture to ensure interoperability with the TXU Energy network, allowing the utility and its customers to track charge data and provide critical information and recommendations to utilities and users such as energy usage, efficiency and cost optimization.

“AeroVironment is committed to providing the most convenient and reliable charging solutions with the electric car owner in mind,” said Mike Bissonette, senior vice president and general manager of AeroVironemnt’s Efficient Energy Solutions business segment. “We look forward to working with TXU Energy to electrify McKinney, TX, one of the fastest-growing cities in the U.S.”

For the record, AeroVironment provides electric vehicle charging stations and installation services for Nissan® North America’s Nissan LEAF™, NRG Energy’s eVgo network and the state of Hawaii’s EV Ready program.

AeroVironment is a technology solutions provider that designs, develops, produces and supports an advanced portfolio of electric transportation solutions and electric-powered Unmanned Aircraft Systems(UAS).

Agencies of the U.S. Department of Defense and allied military services use the company’s battery-powered, hand-launched unmanned aircraft systems to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and communication.

TXU Energy is a market-leading competitive retailer that provides electricity and related services to approximately 2 million electricity customers in Texas. Visit txu.com for more information about TXU Energy.

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Disclosure: Frank Sherosky, creator of stocks charts for TN is author of "Awaken Your Speculator Mind" but does not hold any stock, option or futures position in this equity or futures at this time.

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More About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures, and writes articles, books and ebooks via authorfrank.com. He may be contacted here by email: [email protected]

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