TULSA, Okla.–(BUSINESS WIRE)–Francis Energy, LLC (Francis Energy), the owner and operator of the nation’s first comprehensive statewide network of electric vehicle (EV) fast charging infrastructure, announced today an equity investment in the company by Alliance Resource Partners, L.P. (NASDAQ: ARLP). The investment brings together two Tulsa-based American success stories to help change the way Americans drive for generations to come.
ARLP Chairman, President and Chief Executive Officer Joseph W. Craft III said of today’s announcement, “The growth of the electric vehicle market in the United States is undeniable and the need to buildout EV charging infrastructure to support this growth is critical. We view our investment with Francis Energy as an important step in ARLP’s participation in this next generation energy platform.”
Mr. Craft added, “The Francis Energy team has demonstrated their ability to successfully develop a business model deploying EV charging sites that can be scaled across the nation. We believe ARLP’s relationships with utilities, industrial customers and federal and state governments, along with our technology and manufacturing capabilities will accelerate Francis Energy’s deployment of this critical infrastructure. We are excited to be a part of this historic endeavor.”