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City of Madison, Wisconsin Approves Soul Source Purchase Of Envision Solar EV ARC For Fleet Vehicles

Envision Solar International, Inc., (NASDAQ:EVSI, EVSIW)) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle

Benzinga · 01/23/2020 13:13

Envision Solar International, Inc., (NASDAQ:EVSI, EVSIW)) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, announced that on January 21st the City Council of Madison, Wisconsin voted to pass a resolution authorizing the City to execute a noncompetitive purchase for a one year term with four one year renewal options to Envision.

The true soul source tender was approved because Envision Solar is the only manufacturer of a product meeting the EV ARC™ units’ capabilities and specifications. With assistance from a grant award from the Wisconsin State Office of Energy Innovation and MG&E, the City of Madison is purchasing 20 electric vehicles and intends to have 27 total EVs in 2020. In March of 2019, the Madison City Council adopted recommendations that will move the city toward 100 percent renewable energy and zero net carbon emissions by 2030.