Wright-Hennepin makes equity investment in ZEF Energy

As part of a broader set of initiatives designed to promote the adoption of electric vehicles (EVs), Wright-Hennepin Cooperative Electric Association (WH) — one of Great River Energy’s 28 member-owner cooperatives — has made an equity investment in ZEF Energy.

ZEF Energy CEO Matthew Blackler and Wright-Hennepin Cooperative Electric Association President and CEO Tim Sullivan sign papers to make the co-op’s investment in the company official.

Along with the investment, WH will also have a seat on ZEF Energy’s board of directors and provide input about the company’s future direction.

ZEF Energy is Minnesota and Wisconsin’s largest independently owned and operated direct current (DC) fast charging network, having installed over 80% of the surrounding area’s fast chargers. The company also operates its ZEFNET solution, which allows utilities and consumers to view how much energy is used and when, as well as to curtail and shape load.

“Wright-Hennepin is excited about the bright future for electric vehicles across the region,” said Tim Sullivan, WH president and CEO. “We believe ZEF Energy delivers a best-in-class charger/controller solution that greatly benefits consumers and utilities alike.”

WH is currently conducting a pilot study with ZEFNET-enabled chargers. Based on the findings, the co-op plans to further refine its EV charging programs and use ZEF chargers to help manage the system’s electric demand.