In 2022 Tritium passed major milestones on the road to electrifying transportation. We joined the NASDAQ in January, met with President Joe Biden, Secretary of Transportation Pete Buttigieg, Secretary of Energy Jennifer Granholm, and more at the White House, signed multiple partnership agreements with major energy suppliers and charge point operators, expanded our executive team, and opened our new manufacturing facility in Tennessee. We hired more than 350 new employees and shipped thousands of chargers around the world and received approximately $200 million in sales orders. We look forward to making 2023 an even bigger year for Tritium and electric vehicle (EV) fast charging.
Ringing the Closing Bell at the NASDAQ
After more than 20 years as a private company, Tritium went public on January 27, 2022.
“The transport industry is being electrified, which means it is more important than ever for EV owners to have access to rapid, reliable charging infrastructure,” said Jane Hunter, Tritium’s Chief Executive Officer. “We are proud to provide this networked infrastructure to our customers. As a public company, we expect to continue to expand our product suite and global footprint.”
Meeting President Biden at the White House
President Joe Biden invited Tritium CEO Jane Hunter to the White House to meet with Secretary of Transportation Pete Buttigieg, Secretary of Energy Jennifer Granholm, former National Climate Advisor Gina McCarthy, and many other politicians. Biden spoke about his administration’s commitment to electrifying transportation and building America’s fast charging infrastructure. Jane Hunter spoke about our new Tennessee manufacturing facility and the future of Tritium in America.
“This is an exciting time for the e-mobility industry,” said Hunter. “We’ve reached a tipping point, and transportation as we know it is experiencing a history-making shift. In the process, it’s providing a bipartisan opportunity to create a new future for the benefit of all Americans. Cleaner air and more jobs — it’s a win-win, for Tritium, which will continue to lead the charge in this industry, and for Americans, who will be far more likely to choose EVs when they can charge them with ease.”
“We’re going to announce a state-by-state allocation for $5 billion in funding for these chargers so states can start making plans to build out what will become a national network of electric vehicle chargers,” said President Biden. “Tritium’s new facility is going to produce up to 30 000 of these chargers every year. They’ll use American parts, American iron, American steel, and they’ll be installed up and down the highways and corridors in our communities all across the country by union workers from the IBEW (International Brotherhood of Electrical Workers).”
Major Partnership Agreements
Tritium signed major partnership agreements with world-leading energy companies and charge point operators.
BP – Tritium signed a multi-year contract to deliver nearly 1,000 DC fast chargers to world-leading energy company BP for its BP Pulse charging networks in the United States, United Kingdom, Europe, and Australia.
EasyGo – Largest private car charging network in Ireland announced deployment of 200 Tritium DC fast chargers.
Enel X Way – US charge point operator Enel X Way agreed to purchase 250 Tritium DC fast chargers for its nation-wide charging network.
evyve – UK charging network evyve plans to install 10,000 charging stations by 2030 and placed an initial order for 350 Tritium DC fast chargers.
Osprey – UK charge point operator Osprey purchased over 250 Tritium rapid chargers to expand their UK network across 100 new charging destinations.
Wise EV – Wise EV is working with Tritium to build a charging network in the United States.
Tennessee Manufacturing Facility
In August, Tritium officially opened our new Tennessee manufacturing facility. Our first US-based EV fast charger manufacturing facility, located in Lebanon, Tennessee, will employ more than 500 people over the next five years and will play a crucial role in building America’s coast-to-coast fast-charging network.
Tritium by the Numbers
As of the date of this publication, Tritium has achieved the following milestones.
Looking to 2023
In 2023 Tritium plans to keep charging ahead in our quest to electrify transportation across the globe. Our Tennessee facility will add additional assembly lines to meet growing demand for DC fast chargers in the United States and the world. We plan to manufacture fast chargers complying with Buy America standards for America’s coast-to-coast EV charging network being built under the National Electric Vehicle Infrastructure (NEVI) program.
Tritium is also hard at work creating charging solutions specifically designed for fleet operations—light, medium, and heavy-duty commercial vehicles and rideshare cars and vans. We know fleet vehicles have different requirements than consumer and commuter vehicles. Some need to be recharged multiple times a day, others only need to be charged at night. The correct charging application for your fleet can drastically reduce capital expenditure and save hundreds of thousands in site construction costs.
Last, Tritium will continue to expand our workforce, providing jobs in manufacturing, engineering, customer success, sales, and marketing. And of course, we will continue to manufacture and deliver DC fast chargers for a wide range of applications, including highway, fleets, utilities, retail and marine. We look forward to helping our customers and the world electrify transportation in 2023.