SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that offers solar storage and electric vehicle (EV) solutions to consumers and investors in the commercial, domestic, government, logistics, and utility sectors.
Significant Development
Ira Feintuch, the former COO of Blink Charging Co. (formerly known as CarCharging Group), has been named SVP & Global Head of EV Charging Solutions by SPI’s fully owned Phoenix Motorcars subsidiary.
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Feintuch became part of CarCharging Group as VP of Operations in 2009 and was one of SPI’s original employees, eventually rising to COO in 2015 and playing a significant part in SPI’s NASDAQ IPO and $18 million capital round in 2018. Feintuch pioneered all operational function, partner contract talks, engineering and software roadmaps, and assisted Executive Chairman and CEO in creating and implementing SPI’s second-generation charger as COO of Blink Charging, the largest owner/operator of L2 charging facilities in the US.
Furthermore,
Ira Feintuch, commented,
As the transition to electrification accelerates, he’s delighted to join the Phoenix Motorcars team. He sees a huge opportunity for them to grow and develop their infrastructure business while supporting their exciting fleets.
Joe Mitchell, Phoenix Motorcars CEO stated,
He’s thrilled to have Ira join the Phoenix Motorcars family. They launched their own unique range of EV charging systems last month to meet client demands ranging from residential to high-volume commercial installations. He is confident that Ira will be a valuable asset in helping them bring these solutions to market and expand sales.
However,
As per Grandview Research, the worldwide EV charging infrastructure market was valued at $15.1 billion in 2020 and is anticipated to increase at a 33.4 percent compound yearly growth rate to $19.3 billion in 2021 and $145.0 billion until 2028.
