LAZ Parking’s 50,000-Charger Bet: The Parking Garage Is Becoming an Energy Asset
LAZ Parking is making a very specific wager about where EV charging will win: not on the side of the highway, but where cars already sit for hours — garages, lots, hotels, airports and municipal decks. In mid-December, the company made a strategic investment in Epic Charging, a software provider, to accelerate a rollout of 50,000 Level 2 charging stations across LAZ’s portfolio in the U.S. and Canada. For commercial real estate owners and managers, the significance isn’t the number alone. It’s what the deal implies: parking operators — and the properties they manage — are starting to behave like energy operators.
