Distributed Energy Resources, GHG Emissions - February 10, 2025
NYC Receives $60 Million for EV Charging
New York Governor Kathy Hochul announced a $60 million transaction to accelerate electric vehicle (EV) charging infrastructure deployment across New York City.
The loan provided by NY Green Bank (NYGB), the State’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), to Revel, the largest provider of public EV fast-charging in New York City, will enable Revel to more than triple its current New York City public fast charging network this year.
This is NYGB’s first EV charging infrastructure transaction and supports the expansion of investments in clean transportation to lower GHG emissions while increasing access to critical charging infrastructure necessary for the wider adoption of EVs.
“In support of the transition to a clean energy economy, it is critical that we continue to build electric vehicle infrastructure to ease the shift to EV ownership for more New Yorkers, especially those in urban areas,” Governor Hochul said in a statement. “This significant investment addresses the key need of providing electric vehicle users in New York City with much needed public charging options while reducing local emissions.”
This funding will enable the construction of 267 new charging stalls across nine sites and supports the construction activities involved in designing and building EV charging stations. Revel will complete construction of these new sites in the next 12 months, with the remainder to be completed by 2027:
- 60 charging stalls in Maspeth, Queens, that will be the largest fast-charging station in the Northeast U.S.
- 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the country
- 24 charging stalls at John F. Kennedy International Airport (JFK), making it the largest charging station at the airport
- 30 charging stalls in Greenpoint, Brooklyn
- 20 charging stalls in the Port Morris section of the Bronx
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