Electric power

$44M for EV charging player will expand access

Three cars racing, with the electric vehicle winning
Illustration: Lazaro Gamio/Axios

Volta Charging, which provides free electric vehicle charging stations supported by advertising, said Tuesday that the investment firm Energy Impact Partners is providing a $44 million loan to support expansion of the network.

Why it matters: Expansion of charging is one of the keys to expanding EV market penetration. More charging availability helps give consumers confidence in the technology, which now accounts for just a tiny slice of U.S. vehicle sales.

New York City hit by massive power outage

Times Square's billboards are seen black after a power outage hit Manhattan in New York City on July 13, 2019.
Times Square billboards go black after a power outage hits Manhattan. Photo: Thomas Urbain/AFP/Getty Images

Power was restored in New York City, Mayor Bill de Blasio said just before midnight Saturday, after a massive outage struck disrupted the city's subway service, forced road closures and plunged many Times Square billboards into darkness.

Details: Con Edison said 42,000 customers primarily in the Westside of Manhattan were hit by the outages. NYC Council Speaker Corey Johnson tweeted parts of Hell’s Kitchen, UWS, and Midtown were affected.