Green Charge Networks Provides Key for 7-Eleven to Offer Electric Vehicle Fast Charging to New Yorkers

Online, August 14, 2013 (Newswire.com) - Deploying Green Charge Networks (GCN) energy storage solutions, 7-Eleven, Inc. is the first retailer to offer much-needed fast-charging services for drivers of electric vehicles (EVs) in the New York City area.

7-Eleven and GCN worked with the U.S. Department of Energy (DOE) and several large utility companies to leverage local solar generation and energy storage, which enables the use of high-powered electric equipment, including EV fast chargers. This avoids extreme consumption peaks that lead to expensive electricity-demand charges for commercial rate payers.

Green Charge Networks' energy storage system, GreenStation, manages the power consumption at the 5820 Francis Lewis Boulevard 7-Eleven location in Flushing, N.Y. It monitors the store's load on a second-by-second basis and counteracts peaks and valleys by discharging and charging from an internal ion battery bank.

"Even when the New York City electric grid experienced an all-time peak on July 19 during the recent heat wave, the GreenStation allowed for EV fast charging while reducing peak demand by 56 percent," says Vic Shao, Green Charge Networks' CEO.

"Convenience retailing in today's world increasingly requires the use of high-powered electrical devices, including foodservice equipment and EV fast chargers," adds Tom Brennan, 7-Eleven's vice president of infrastructure services. "Meeting our customers changing needs while keeping demand charges and thus our electricity costs in check is a very attractive value proposition for us."

The GreenStation empowers industrial and commercial ratepayers to manage power consumption and rising demand charges. The energy-storage product is easy to install, maintenance free and economical. The root technology is a stochastic controller with sophisticated software that flattens the power load curve during peak consumption periods, with positive financial implications for the customer and electricity utility.

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About Green Charge Networks, LLC
Green Charge Networks (GCN), a leader in power efficiency, specializes in energy storage solutions that enable the usage of high-powered electrical equipment without causing extreme consumption peaks. This minimizes expensive demand charges for ratepayers and may provide them more attractive tariff rates when paired with solar generation. Our products were developed in partnership with leading utilities around the country, the U.S. Department of Energy and Fortune 500 customers. GCN is based in Santa Clara, CA with an office in Brooklyn, N.Y. For more information, visit www.greenchargenet.com.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas,7-Eleven operates, franchises or licenses more than 10,100 7-Eleven® stores in North America. Globally, 7-Eleven has some 50,700 stores in 16 countries. During 2012, 7-Eleven stores generated total worldwide sales close to $84.8 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Forbes magazine's 2011 list of Top Franchises for the Money; #3 spot on Entrepreneur magazine's Franchise 500 list for 2012, #3 in Forbes magazine's Top 20 Franchises to Start; #2 in Franchise Times Top 200 Franchise Companies. 7-Eleven is No. 3 on Fast Company magazine's 2013 list of the "World's Top 10 Most Innovative Companies in Retail" and among the Top Veteran-Friendly Companies for 2013 by U.S. Veterans Magazine. Hispanic Magazine named 7-Elevenamong its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven received the 2010 Retailer of the Year honor from PL Buyer because of the company's private-label brand initiative. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.

7-Eleven, Inc.
Margaret Chabris | 972-828-7285
margaret.chabris@7-11.com

Green Charge Networks
Tram Tran | 650.265.8300
tram@GreenChargeNet.com