CINCINNATI, Ohio—January 18, 2024— EdgeEnergy, a pioneering energy conversion technology company offering faster, more cost efficient and higher performing solutions to install ultra-fast EV (Electric Vehicles) charging stations without three-phase power, announced that following a successful capital raise they will be expanding operations and moving their corporate headquarters to downtown Cincinnati.
“We are excited to be moving into the next phase of growth for EdgeEnergy,” said CEO Shaun Shuler. “The lack of sufficient infrastructure continues to be a roadblock for the deployment of EV charging stations across the country. EdgeEnergy is meeting this challenge head on with a solution that helps our customers install chargers more efficiently than relying on traditional power solutions.”
EdgeEnergy recently closed a six million dollar capital raise. These funds, along with sales from their innovative technology, have funded the expansion of their manufacturing capacity with Anna, Ohio based Panel Control Inc., and Hamilton, Ohio based Dirana Hybrid. They have also relocated their corporate office to Union Hall in Over-the-Rhine and added a sales and operations office in Covington, Kentucky.
“The Greater Cincinnati region is a great place to grow a business,” said Shuler. “We are proud to be a Cincinnati business that is creating solutions for real world problems and driving the transition to EVs and green technologies from right here in our hometown.”
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About EdgeEnergy
Founded in 2020, EdgeEnergy designs and manufactures proprietary phase conversion hardware the allows for the installation of DC fast chargers on single-phase power infrastructure. Their technology works with any charger or network, eliminates the need for three-phase power upgrades in many locations, and allows for faster and lower cost installation of ultra-fast EV charging infrastructure.
Forward Looking Statements
This press release includes “forward-looking statements.” The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions, or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.