eTec to Evaluate PHEV Fast-Charging and Smart Grid Interactions for the U.S. Department...

eTec to Evaluate PHEV Fast-Charging and Smart Grid Interactions for the U.S. Department of Energy

eTec Will Work with V2Green and the USDOE to Demonstrate and
Evaluate the Value of Bi-Directional Fast-Charging for PHEVs and Smart
Grid Technologies
SCOTTSDALE, Ariz.--(Business Wire)--
Electric Transportation Engineering Corporation (eTec), a wholly
owned subsidiary of ECOtality, Inc. (OTCBB: ETLY), a leader in clean
electric transportation and storage technologies, today announced it
has launched a Plug-in Hybrid Electric Vehicles (PHEVs) Grid
Interaction Project to demonstrate and evaluate bi-directional
fast-charging operations for PHEVs in conjunction with smart grid
technologies for facility energy management. Funded by the USDOE
through Idaho National Laboratory (INL) and supported by project
partner V2Green, the project will demonstrate eTec's ability to
fast-charge a PHEV in 10 minutes and will analyze the benefits and
costs of using the energy storage capability of PHEVs to provide
energy back to a smart metered electric grid system.

"By evaluating the benefits and costs of bi-directional
fast-charging for PHEV owners, recharging facilities and electric
utilities, this project lays the foundation for the development of a
public fast-charging infrastructure for on-road electric vehicles,"
said Don Karner, President and CEO, eTec. "Not only does this project
demonstrate the ability to fast-charge a PHEV in 10 minutes, but it
also highlights the additional benefit of fast-charging systems for
managing facility energy consumption."

Pairing the eTec Minit-Charger fast-charge system with utility
smart meter interconnections, the PHEV Grid Interaction Project will
demonstrate and evaluate a bi-directional fast-charge system capable
of both fast-charging a PHEV in 10 minutes and supplying the stored
energy of a PHEV back to a smart grid. The project will utilize
V2Green's smart grid technology to enable charging facilities (home or
business) to communicate and adaptively control the flow of energy
between the fast-charged PHEVs and the grid. Better energy consumption
management results from vehicles recharging during off-peak periods
and providing stored energy back to the grid during periods of
peak-demand. The project will also evaluate the impact of
bi-directional fast-charging on PHEV battery life and performance as
PHEVs involved in the project will be subject to strenuous
charge-discharge cycles as each vehicle will be operated for a total
of 5,440 miles.

"This project combines leading fast-charge and smart grid
technologies to quantify the public value and benefit of intelligently
controlled, bi-directional fast-charging," said John Clark, president
and CEO, V2Green. "In addition to reducing consumer energy costs by
allowing more efficient energy consumption, fast, smart charging
capabilities can reduce our oil dependence and allow us to diversify
our energy portfolio with more renewable and sustainable energy
sources."

eTec, a wholly owned subsidiary of ECOtality, is a recognized
leader in the research, development and testing of advanced
transportation energy systems and infrastructures. Committed to
commercially advancing clean electric technologies with clear market
advantages, eTec manufactures and provides battery fast charge systems
and fueling stations for electric and hydrogen powered vehicles. For
more information about eTec, please visit www.etecevs.com.

About ECOtality, Inc.

ECOtality, Inc. (OTCBB: ETLY), headquartered in Scottsdale,
Arizona, is a leader in clean electric transportation and storage
technologies. Through innovation, acquisitions, and strategic
partnerships, ECOtality accelerates the market applicability of
advanced electric technologies to replace carbon-based fuels. For more
information about ECOtality, Inc., please visit www.ecotality.com.

About V2Green

V2Green, Inc. delivers smart grid technology that controls the
flow of electricity between the grid and plug-in vehicles, enabling
Smart Charging and vehicle-to-grid (V2G) services. Utilities deploying
V2Green technology are able to support the wide-scale adoption of
plug-in vehicles, avoiding damaging grid stress and increasing
integration of renewable energy in the grid. V2Green's solutions are
currently being deployed in field trials with leading U.S. energy
companies, including Xcel Energy, Austin Energy and Seattle City
Light. To learn more about Seattle-based V2Green, please visit
www.v2green.com.

Forward-Looking Statements

This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
forward-looking statements are inherently uncertain as they are based
on current expectations and assumptions concerning future events or
future performance of the company. Readers are cautioned not to place
undue reliance on these forward-looking statements, which are only
predictions and speak only as of the date hereof. In evaluating such
statements, prospective investors should review carefully various
risks and uncertainties identified in this release and matters set in
the company's SEC filings. These risks and uncertainties could cause
the Company's actual results to differ materially from those indicated
in the forward-looking statements.

ECOtality, Inc.
Colin Read, 480-219-5005 (Press)
cread@ecotality.com
or
for V2Green
Mike Brennan, 206-283-6908 (Press)
mike@brennancom.com
or
Alliance Advisors for ECOtality
Thomas Walsh, 212-398-3486 (Investor Relations)
twalsh@allianceadvisors.net

Copyright Business Wire 2008