New York awards $60M to Revel to install 267 DC fast chargers

New York Governor Kathy Hochul today announced it would loan $60 million to Revel to triple its EV charging infrastructure across New York City. 

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), is providing the loan to Revel, New York City’s largest provider of public DC fast-charging. It’s NYGB’s first EV charging infrastructure transaction.

The loan will allow Revel to more than triple its current New York City public fast-charging network in 2025. It will pay for the construction of 267 new charging stalls across nine sites and support the design and build of EV charging stations.

Revel will complete construction of the below 178 sites in the next 12 months, with the remainder to be completed by 2027. (Those with asterisks are in disadvantaged communities):

• 60 charging stalls in Maspeth, Queens, which will be the largest fast-charging station in the Northeast US
• 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the US*
• 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*

Revel broke ground in November at JFK Airport, adjacent to the main rideshare vehicle waiting area, with support from the Port Authority of New York and New Jersey. With funding from NYGB, Revel will now be able to complete the construction of the 24 charging stalls. That site will open in Q1 2025 and is expected to be one of the busiest EV charging stations in the country.

NYSERDA’s president and CEO, Doreen M. Harris, said, “Increasing the state’s charging capabilities is a step forward in ensuring New Yorkers can plug in and drive clean, and we commend Revel’s leadership in this regard in a major hub and in high-impact locations such as major airports.”

Revel charging stations are open to the public on a 24/7 basis for any make and model EV. All chargers installed at future locations will have speeds of at least 320 kilowatts (kW).

Read more: Dandy Mini Marts chooses Tesla to install its first EV chargers

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