#62: Nayax buys Lynkwell for $36M

Nayax acquires Lynkwell, major DOE reorg, Rangeway partners with Juice

Author

Steve Taylor
December 06, 2025

The Business and Policy of Charging Infrastructure

The 3 big stories

  • Nayax buys Lynkwell to expand U.S. footprint

  • US Department of Energy reorganizes to prioritize oil and nuclear over renewables

  • Rangeway partners with Juice for ultra-low-cost charging

Plus, featured jobs and news.

Steve

Industry News

Israeli payments platform Nayax has bought Lynkwell, a New York-based software provider that powers independent charge point operators across the US. 

The $36M deal gives Nayax access to Lynkwell's white-label platform, energy management tools, and integrations with federal programs like NEVI.

Lynkwell will continue operating under its brand.

This is Nayax’s second major acquisition in the EV space, following its 2023 purchase of EV Meter.

Steve’s take

Nayax is building a vertically integrated charging stack.

The U.S. market is fragmented, legacy networks are burning cash, and independent operators need software that works across state lines without custom engineering.

Lynkwell solves these problems. This acquisition gives Nayax instant access to white-label and fleet operators, which are two segments gaining share as traditional networks face pricing pressure and policy challenges. With Lynkwell's utility integrations and federal compliance already built in, Nayax can streamline deployment across state lines.

I expect we’ll continue to see more acquisitions in the U.S. by international companies. International operators have capital and patience. Unfortunately, many U.S. charging companies are running out of both.

Power and Policy

On November 20, 2025, the U.S. Department of Energy released a new organizational chart and announced a major internal realignment. The reorganization is explicitly framed as part of the administration’s “energy dominance” agenda: boosting domestic energy production (fossil, nuclear, minerals), accelerating science and technology, and emphasizing reliability and “American energy.”

Several offices long associated with clean energy — such as the Office of Energy Efficiency and Renewable Energy (EERE) — no longer appear on the new DOE chart. Instead, the Office of Critical Minerals and Energy Innovation (“CMEI”) has been established as a strategic priority directly reporting to the Energy Secretary. Assistant Secretary Audrey Robertson, confirmed by the U.S. Senate in October to oversee EERE, will lead CMEI as it consolidates the Department's critical minerals and materials initiatives into a central program office. It will include the Office of Manufacturing and Energy Supplies Chains (MESC) portfolio, the Office of Fossil Energy and Carbon Management's (FECM) minerals projects, and EERE's Advanced Manufacturing and Materials Technologies Office (AMMTO) and Vehicle Technologies Office (VTO).

CMEI also encompasses most other programs within the EERE portfolio and several previous stand-alone programs offices, including:

  • Bioenergy Technologies Office

  • Industrial Technologies Office

  • Wind Energy Technologies Office

  • Solar Energy Technologies Office

  • Water Power Technologies Office

  • Hydrogen and Fuel Cells Technologies Office

  • Office of State and Community Energy Programs

  • Federal Energy Management Program

  • Some projects from the Office of Clean Energy Demonstrations

The reorganization also elevates fusion research — the agency has established a dedicated “fusion office,” raising fusion’s status in DOE’s hierarchy. It also includes the establishment of new offices dedicated exclusively to artificial intelligence (AI) and quantum technologies, as well as the elevation of geothermal energy via the reconfigured Hydrocarbons and Geothermal Energy Office (HGEO).

Rob’s Take 

This reorganization–while long expected–marks one of the most dramatic overhauls of DOE in decades. By reshaping institutional priorities, it effectively redefines what “energy leadership” means for the U.S. under this administration: shifting from renewables and carbon-reduction toward fossil fuels, critical materials, nuclear, and technological innovation. For stakeholders in clean energy, climate policy, and energy infrastructure — researchers, companies, states, and environmental advocates — these changes could have deep and long-lasting impacts on project funding, regulatory focus, and the nation’s energy trajectory.

It’s not yet transparent how, or to what extent, DOE will maintain ongoing or planned clean energy and grid-modernization programs under the new structure. Some programs may be rebranded under CMEI, but details remain murky.  There is no public detailed breakdown (as of the reorganization announcement) of how staffing, budgets, or grants will be redistributed within the new offices.  You can view the new DOE org chart here.

Emerging Tech

Rangeway, a new premium EV charging network, has partnered with Juice to handle identity and payments across its locations. The setup is simple. Register your vehicle once, plug in, and charging starts automatically with no apps, no cards, and no QR codes.

The tech extends beyond charging. Juice's computer-vision platform treats your car as a reusable ID for retail, lounge access, car wash, and parking. 

Rangeway is targeting places where charging infrastructure is spotty or nonexistent. First sites are planned for California and Colorado.

Rangeway is taking a hospitality-first approach with climate-controlled lounges, premium amenities, and loyalty rewards that work like hotel points.

Steve’s take

The vehicle-as-ID concept is smart. One registration unlocks everything from charging to retail and rewards.

The risk is how well it’s executed. Premium experiences cost money and corridor charging is extremely tough on unit economics. If Rangeway can't make the numbers work, none of this matters. 

If they can make this work, Rangeway is building more than a network. They could be building the Ritz-Carlton of EV charging networks.

You can find more EV industry jobs here.

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⚡️Steve and Rob

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