How an old-school, Italian utility company plans to become Tesla’s fiercest rival

Apr 26, 2023 611

Imagine this: One day, you’re known as a stuffy, state-owned Italian utility company. The next you’re America’s most ambitious green infrastructure player. It is, with some sense of exaggeration, what is happening to Enel, a multinational energy utility, as it rolled out its American expansion plans last week.  

Enel X Way, the EV charging subsidiary of Enel, said it will build a U.S. network of 10,000 fast EV chargers to rival Tesla’s in the next decade while planning another 2 million home chargers. The plan represents a multibillion-dollar commitment and would catapult Enel to the big leagues in the U.S.

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SOURCE: https://fortune.com

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