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Hertz signs agreement with NRG Energy for EVs development in Texas

ABR Staff Writer Published 18 November 2010

The Hertz (HTZ) has signed an agreement with NRG Energy (NRG) to support development of a charging infrastructure and services for electric vehicles (EV) in Texas.

As per the agreement, Hertz will help NRG create and manage a network of NRG's eVgotm branded charging stations across five Texas cities by supplying vehicles and research to promote the adoption of EVs and plug-in electric vehicles (PHEVs) in Texas and beyond.

The agreement is part of Hertz's strategy to enter into partnerships that will help scale up electric vehicle and plug-in hybrid usage for the general public.

As part of its partnership, Hertz and NRG will work to advance Hertz's Texas EV fleet and jointly develop the charging infrastructure through the eVgo network.

Hertz chairman and CEO Mark Frissora said, their partnership with NRG illustrates how industry players can come together to encourage electric vehicle trial and adoption.

This partnership will provide consumers and businesses with an economical and convenient option for using electrical vehicles, Frissora said.

Hertz and NRG are committed to expanding the Texas model to other cities, supporting the creation of EV infrastructure platforms nationwide, a critical next step in further developing the EV infrastructure.

NRG Energy president and CEO David Crane said, Hertz, with its vast network of car rental and servicing facilities across Texas and the nation, has a critical role to play in giving EV owners the 'range confidence' and distance driving flexibility of conventional vehicles.

As such, we are very pleased to work with Hertz as a launch partner in bringing the value of electric vehicles to Houston and soon, across Texas and the nation, Crane said.

The company expects to install the first eVgo high-powered rapid charging stations in February 2011.

In addition to NRG, Hertz is forming strategic partnerships with manufacturers, charging station providers, municipalities, NGOs, corporations and other stakeholders.