ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the green energy stocks with long-term upside potential. On August 28, the company unveiled a new ultrafast charging architecture designed for passenger electric vehicles.
The architecture can deliver up to 600kW of power and also provides megawatt charging capability for heavy-duty commercial applications. Powered by Eaton, the system features vehicle-to-everything (V2X) capabilities and a modular DC Grid design. Additionally, it can be deployed for 30% less capital expenditure and has a 30% smaller footprint.
Its competitive edge stems from combining ChargePoint’s Express chargers and Eaton’s electrical infrastructure solutions. Therefore, it can synchronize between onsite renewable energy storage and vehicle batteries to help reduce fueling costs.
“The new ChargePoint Express architecture, and particularly the Express Grid variant, will take DC fast charging to levels of performance and cost not previously imagined,” said Rick Wilmer, CEO of ChargePoint.
ChargePoint Holdings, Inc. (NYSE:CHPT) provides electric vehicle (EV) charging hardware, software, and services to power charging stations. It also offers integrated hardware and cloud-based software, allowing ChargePoint Operators (CPOs), fleet managers, and individual drivers to set up, manage, and use EV charging infrastructure.
While we acknowledge the potential of CHPT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Ken Griffin Stock Portfolio: Top 12 Stock Picks and Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now.
Disclosure: None. This article is originally published at Insider Monkey.