Southwire Company, LLC has announced a strategic investment in Orange Charger. This partnership focuses on electric vehicle charging solutions for multifamily housing. The collaboration aims to reduce costs and complexity for property owners.
Highlights
- Southwire invests in Orange Charger to enhance multifamily EV charging.
- Partnership aims to develop streamlined installation packages and bundles.
- Orange Charger’s technology can reduce installation costs by 70%.
- Southwire gains a board observer seat as part of the deal.
Advancing Multifamily EV Infrastructure
Southwire is North America’s leading wire and cable manufacturer. Orange Charger specializes in energy management for multifamily properties. The companies will jointly develop new installation packages. These bundles aim to lower total deployment costs.
They intend to streamline the installation process. This will help property owners adopt EV charging more easily. The focus is on reliable, “right-sized” charging solutions. These solutions avoid unnecessary infrastructure upgrades.
Technology and Cost Efficiency
Orange Charger addresses barriers to EV adoption for renters. Their platform combines hardware and software. It offers a simple charging experience for residents.
Key features include:
- Cost Reduction: Potential to lower installation costs by up to 70%.
- OrangeNet: A proprietary mesh network and edge-compute platform.
- Reliability: Delivers greater than 98% successful charge sessions.
- Connectivity: Works without managed Wi-Fi or LTE extenders.
- No Fees: No ongoing software or networking fees for owners.
Strategic Alignment
Neil Joseph, CEO of Orange Charger, emphasized the strategic value. He noted Southwire’s scale will help accelerate product development. The partnership includes Southwire joining as a board observer.
Corky Whipple, Southwire’s VP of Engineered Solutions, commented on the alignment. He stated that the partnership supports grid modernization. It fits their mission to power a sustainable future.
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