21:56:52 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Telus Corp (2)
Symbol T
Shares Issued 1,454,446,276
Close 2023-10-31 C$ 22.36
Market Cap C$ 32,521,418,731
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Post/CP say Telus to monitor 60,000 EV chargers

2023-11-01 09:39 ET - In the News

The Financial Post reports in its Wednesday edition that Telus announced a deal Tuesday with electric vehicle charging network operator FLO to help improve reliability as adoption of clean vehicle technology is expected to increase. A Canadian Press dispatch to the Post says that FLO will use Telus's technology to monitor at least 60,000 chargers in Canada and the United States over the next five years and help provide support when they are not working as they are supposed to. "This agreement really helps support the development of critical infrastructure to meet the future demand," said Telus's Ali Barakat. All light-duty vehicles sold in Canada are required to be zero-emission by 2035, but the availability and reliability of public chargers remains a concern as uptake increases. By 2030, Canada will need to have around 200,000 publicly accessible chargers, according to an analysis last year by the federal government. With its network of charging stations located across Canada, more than 1.5 million charging sessions occur each month through FLO's infrastructure, according to the company. It said its charger network is functional about 98 per cent of the time, while Telus said its network is 99.99 per cent reliable.

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