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Investors - JANUARY 16, 2024

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TeraWatt Infrastructure, NMDOT receive $64m in grant funding for I-10 electric corridor project

by Released

TeraWatt Infrastructure, a company powering electrified fleets with a network of charging solutions, has announced that its Interstate 10 electric corridor project application, in partnership with the New Mexico Department of Transportation (NMDOT), has been selected to receive $63.8 million in federal funding via the U.S. Department of Transportation’s Charging and Fueling Infrastructure (CFI) grant program.

The NMDOT grant is one of the largest grant awards announced in the first round of CFI funding.

TeraWatt announced plans to build heavy-duty shared charging infrastructure along the I-10 corridor in 2022, cementing the company’s commitment to enabling and accelerating the electrification of fleets. TeraWatt was competitively selected by NMDOT last year to design, build, operate and own the two charging centers.

“We are grateful for our strong partnership with the New Mexico Department of Transportation, who selected TeraWatt as its project partner to

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