7-Eleven, Inc. (OTC: SVNDF) In A Major Boost To EV Charging Station Industry Announces Plans To Build 500 EV Direct Current Fast Charging Ports (DCFC) By End Of 2022 In U.S. And Canada; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Operates Dedicated EV Charging Station Division

Posted June 2, 2021

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC, OTC: SVNDF

In a major boost to the EV Charging Station Industry, 7-Eleven, Inc. (OTC: SVNDF) plans to build by the end of 2022 500 Direct Current Fast Charging (DCFC) ports for electric vehicles in the U.S. and Canada. It follows the trend of restaurants and retail stores operating EV ports for a captive consumer audience. 7-Eleven plans to build the 500 direct current fast charging (DCFC) ports at 250 select U.S. and Canada stores by the end of 2022. Currently, it operates 22 charging stations in 14 states in the U.S. Seeing the potential of the EV Charging Station sector early, Solar Integrated Roofing Corp. (OTC PINK: SIRC) operates a dedicated EV Charging Station Division with its initial acquisition in that sector of Pacific Lighting Management Co., or PLEMco.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), 7-Eleven, Inc. (OTC: SVNDF), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

7-Eleven, Inc. (OTC: SVNDF) In A Major Boost To EV Charging Station Industry Announces Plans To Build 500 EV Direct Current Fast Charging Ports (DCFC) By End Of 2022 In U.S. And Canada; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Operates Dedicated EV Charging Station Division

7-Eleven, Inc. (OTC: SVNDF) offers distinct advantages in this move. First, the EV Charging Stations will be owned and operated by 7-Eleven, as opposed to leasing them from other operators who get a commission on sales. Second, by installing DCFC charging ports 7-Eleven will offer its electric vehicle owning customers fast-charging ports, enabling quick in-and-out service for convenience store customers. Competing Level-2 chargers are slower. Third, 7-Eleven units are located near major roads or highways now — a definite advantage over competitors.

Joe DePinto, 7-Eleven CEO and President, said, “Adding 500 charging ports at 250 7-Eleven stores will make EV charging more convenient and help accelerate broader adoption of EVs and alternative fuels. We are committed to the communities we serve and to working toward a sustainable future.” 7-Eleven, Inc. (OTC: SVNDF) In A Major Boost To EV Charging Station Industry Announces Plans To Build 500 EV Direct Current Fast Charging Ports (DCFC) By End Of 2022 In U.S. And Canada; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Operates Dedicated EV Charging Station Division

The company also set a new clean energy goal for itself: a 50% reduction in carbon emissions by 2030. Its original goal was to achieve a 20% reduction in carbon emissions by 2027. Instead, the company met that achievement in 2019 — eight years ahead of schedule, the company said.

More good news for EV vehicles and the supporting EV Charging Station Industry is that the bill Clean Energy for America advanced in the U.S. Senate Finance Committee. It includes a tax credit for EV buyers as high as $12,500. It needs to go now to the full Senate and House for approval. 7-Eleven, Inc. (OTC: SVNDF) In A Major Boost To EV Charging Station Industry Announces Plans To Build 500 EV Direct Current Fast Charging Ports (DCFC) By End Of 2022 In U.S. And Canada; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Operates Dedicated EV Charging Station Division.

All of these developments underscore the $6 trillion infrastructure proposal by the Biden Administration. Republicans are countering with $928 billion instead — including using some of the unspent original coronavirus relief money — so negotiations are ongoing.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing in the clean energy space including EV Charging Stations with a dedicated division, which now include’s SIRC’s first acquisition in this sector: PLEMco. 7-Eleven, Inc. (OTC: SVNDF) In A Major Boost To EV Charging Station Industry Announces Plans To Build 500 EV Direct Current Fast Charging Ports (DCFC) By End Of 2022 In U.S. And Canada; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Operates Dedicated EV Charging Station Division.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Growing Its Footprint In EV Charging Station Sector

Solar Integrated Roofing Corp. (OTC PINK: SIRC) remains positive on clean energy — solar, rechargeable storage solar batteries, EV Charging Stations and new roofing. Like bullish 7-Eleven, Solar Integrated Roofing Corp. (OTC PINK: SIRC) is expanding its commitment to the EV Charging Station industry.

SIRC has also has announced at least $100 million preliminary 12 month revenue guidance through May 31, 2022, reflecting its rapid growth both through acquisitions and organic increases. David Massey, CEO of SIRC, said the company could grow volume even further in this time period if SIRC continues to populate its acquisition pipeline. SIRC has been rolling up roofers and solar and battery installers creating a true platform company as well as shoring up its back office and sales efficiencies/capabilities to scale nationwide, he said.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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Nitin Harlalka

Nitin Harlalka is a Stock Market Press contributor who has covered financial market for close a decade. With a graduate degree in Economics, Nitin has been a freelance stock market and business journalist for a range of publications. Most recently, he has covered emerging industries such as cannabis and blockchain.