Ontario Power Generation, Hydro One create Ivy electric vehicle charging network

TORONTO — Two of Ontario's biggest utilities have formed a new company to create a province-wide fast-charger network for electric vehicles.

The Ivy Charging Network is scheduled to have 160 Level-3 fast-chargers at its 73 locations throughout southern, eastern and western Ontario.

article continues below

The Ivy is a limited partnership owned equally by the government-owned Ontario Power Generation and Hydro One Ltd., a publicly traded former Crown corporation that owns the province's largest electric grid.

They say the Ivy network will be an unregulated business that can provide a new revenue stream for both companies without affecting Ontario electricity rates.

It has selected Greenlots, a member of the Shell Group, to operate and manage the electric charging network.

Natural Resources Canada provided an $8-million repayable contribution to help build the electric vehicle charging network.

This report by The Canadian Press was first published Feb. 14, 2020.

Companies in this story: (TSX:H)

Read Related Topics

© North Shore News

Games POLL

Should Vancouver host the 2030 Olympics?

or  view results

Popular News

Find the North Shore News
Get the North Shore’s top headlines in your inbox
Community Events Calendar