Charging Stations for Electric Ground Service Equipment at JFK Terminal 4 – Credit: PANYNJ
The installation of eight charging stations for electric ground support equipment at John F. Kennedy International Airport (JFK) happened in December 2024. The dual-port chargers can power up to 16 Delta Air Lines’ electric ground support vehicles at the same time, including baggage tugs, airplane tow tractors, and other airside equipment.
First EV Charging Infrastructure Transaction for NY Green Bank Aims to Expand Clean Transportation Investments, Reduce Emissions, and Increase Access to EV Charging Infrastructure
February 10, 2025
By Ramona du Houx
Governor Kathy Hochul today announced a $60 million transaction to accelerate electric vehicle (EV) charging infrastructure deployment across New York City.
“In support of the transition to a clean energy economy, it is critical that we continue to build electric vehicle infrastructure to ease the shift to EV ownership for more New Yorkers, especially those in urban areas,” said Governor Kathy Hochul . “This significant investment addresses the key need of providing electric vehicle users in New York City with much needed public charging options while reducing local emissions.”
The loan provided by NY Green Bank (NYGB), the State’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), to Revel, the largest provider of public EV fast-charging in New York City, will enable Revel to more than triple its current New York City public fast charging network this year.
“New York continues to lead the way despite President Trump’s actions that have stopped federal funds for EV infrastructure. It will surely be taken to court, as the funds for 500,000 EV charging stations were allocated by Congress from the Bipartisan Infrastructure Law. In the meantime, New York moves forward,” said Dominic Frongillo, Elected Officials to Protect America Executive Director & Co-Founder, Fmr. council member and Deputy Supervisor of Caroline, New York. “Our state understands the imperative of taking action to mitigate the climate crisis, and ensuring a healthy future for all. At Elected Officials to Protect America we commend the leadership in New York. Thousands of elected officials across New York are focused on protecting our communities and taxpayers, which the Climate Leadership and Community Protection Act (CLCPA) will accomplish when fully implemented. The CLCPA is critical for the state to reach its climate goals. EOPA continues to work to see it happen.”
Revel is the largest provider of public EV fast-charging in New York City.
“Our goal is to leave New York State in a better condition than when we found it. If we are going to move forward with our CLCPA goals, we must transition our transportation sector to clean vehicles. We also must invest in the infrastructure needed to provide confidence, reliability, and convenience for New Yorkers,” said State Senator Kevin Parker. “I applaud Governor Hochul, Revel, and NYSERDA for continuing to provide these opportunities with financing support through New York Green Bank.”
The Green Bank loan represents NYGB’s first EV charging infrastructure transaction and supports the expansion of investments in clean transportation to reduce greenhouse gas emissions while increasing access to critical charging infrastructure necessary for the wider adoption of EVs.
“NY Green Bank’s financing support for critical infrastructure that is advancing clean transportation complements NYSERDA’s efforts to drive the transition to electrification of this sector. Increasing the state’s charging capabilities is a step forward in ensuring New Yorkers can plug in and drive clean,” said New York State Energy Research and Development Authority President and CEO Doreen M. Harris. “We commend Revel’s leadership in this regard in a major hub and in high-impact locations such as major airports.”
This funding will enable the construction of 267 new charging stalls across nine sites and supports the intricate construction activities involved in designing and building EV charging stations.
“NY Green Bank is pleased to share this exciting transaction that is demonstrating the viability of financing EV charging infrastructure to support the adoption of electric vehicles. The Revel transaction is an important and replicable precedent we expect will help accelerate investment in this fast-growing sector and expand access to EV charging for more New York drivers,” said NY Green Bank President Andrew Kessler.
Revel will complete construction of the below new sites in the next 12 months, with the remainder to be completed by 2027:
- 60 charging stalls in Maspeth, Queens, that will be the largest fast-charging station in the Northeast U.S.
- 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the country. *
- 24 charging stalls at John F. Kennedy International Airport (JFK); making it the largest charging station at the airport. *
- 30 charging stalls in Greenpoint, Brooklyn.
- 20 charging stalls in the Port Morris section of the Bronx. *
* Located in a Disadvantaged Community (DAC)
“For the past few years, Revel has been preparing a strategic portfolio of the most lucrative fast-charging locations in New York City. These sites are now shovel-ready. With the critical support from NY Green Bank, we are ready to take New York’s EV economy to the next level with a fast-charging network rivaling any other top tier city.” Revel Co-Founder and CEO Frank Reig
Revel broke ground in November at JFK Airport, adjacent to the main rideshare vehicle waiting area, with support from the Port Authority of New York and New Jersey. With funding from NYGB, Revel will now be able to complete construction of the aforementioned 24 charging stalls. That site will open in Q1 2025 and is expected to be one of the most utilized charging stations in the country.
“The future of transportation is electric. Today’s investment by the NY Green Bank and NYSERDA represents our state’s continued commitment to new and emerging transportation technologies and a greener, cleaner future for New Yorkers,” said State Senator Jeremy Cooney.
Revel charging stations are open to the public on a 24/7 basis for any make and model EV. All chargers installed at future locations will have speeds of at least 320 kilowatts (kW), which can charge an EV in as little as 15 minutes.
“I am encouraged by this announcement. Expanding our charging infrastructure is essential if New York is going to reach its zero-emission transportation goals. These additional chargers will make transitioning to an EV more convenient and reliable, ” said Assemblymember William Magnarelli.
Last year, NYGB completed another groundbreaking transaction with Inspiration Mobility—which partners with Revel—to support the deployment of nearly 400 EVs in New York City that are increasing access to clean ridesharing transportation. Over three-quarters of Revel’s pipeline projects being supported by NYGB financing are located in DACs, advancing NYGB’s goal to commit a minimum of 35 percent, with a target of 40 percent, of its capital to projects benefiting DAC.
As the largest state green bank in the nation, NYGB has committed more than $2.4 billion to advancing New York State’s clean energy economy for all New Yorkers. Since inception, its investments have mobilized up to $8.8 billion in project costs across technologies, with $383 million mobilized in the clean transportation sector alone. NYGB’s transactions are designed for replication and adoption by the private sector, helping to animate the market and mobilize capital into underserved green sectors with a special focus on clean transportation, energy storage, and building decarbonization.
