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e-Increase Chosen to Cost Fleet of New Buses for One of many Largest U.S. Metros; Accelerating Metro’s Transition to All EVs by 2028
FORT LEE, N.J. — Pioneer Energy Options, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a frontrunner within the design, manufacture, service and integration {of electrical} energy programs, distributed vitality sources, energy technology gear and cellular electrical automobile (“EV”) charging options, at this time introduced that it has acquired an order valued over $5 million for its e-Increase cellular electrical automobile charging options from a significant U.S. metro transit authority.
With this order and its present backlog, the Pioneer eMobility enterprise unit is predicted to surpass the 2024 steering of $10 million in income of cellular off-grid EV charging options in 2024. The Firm expects to ship and fee this particular order within the fourth quarter of 2024.
Serving one of many largest metro cities within the U.S., the Transit Authority is led by visionary metropolis management that’s on a mission to decarbonize and sustainably electrify its fleet of transit buses by 2028. Pioneer eMobility was chosen and awarded the contract based mostly on a number of vital standards together with sustainability, product mobility, expertise, energy supply capability, product lead time, design optimization and consultative resolution. The contract contains the acquisition, set up, and upkeep of 4 e-Increase Cellular models in two transit depot areas to allow EV charging of the Transit Authority’s first 24 EV buses.
These e-Increase Cellular models, every with 240kW of onboard energy, will probably be delivered with six offboard cellular EV chargers on linked skids. The models are designed with the pliability to relocate transit depot operations to a secondary, security website throughout pure catastrophe occasions together with wildfires or flooding. Pioneer’s sturdy off-grid, cellular design gives the Transit Authority 8.4MWh of onboard vitality at every website for EV charging throughout regular operations and the peace of mind of steady operation throughout sudden weather-related occasions or grid congestion at a distant location.
“By providing advanced high-capacity mobile EV charging solutions that balance sustainability, economy and practicality, we are supporting environmentally progressive cities as they adopt and acquire EV transit buses and help to secure the health and safety of the local citizens and bus operators,” mentioned Geo Murickan, President of Pioneer eMobility.”
This order additionally marks one of many first e-Increase models to be bought by way of Sourcewell, a nationwide, nonprofit service cooperative that serves as a bridge between authorities, schooling, and nonprofit businesses and suppliers that provide certified merchandise and options. The e-Increase product line is now accessible to all municipal and authorities businesses on Sourcewell by way of its alliance accomplice INF Associates Vitality Options, based mostly in New York and working all through the U.S.
“The notable size of this order, coupled with our visibility on additional sizable orders in the sales pipeline, clearly demonstrates the traction Pioneer is achieving for our e-Boost product line,” added Nathan Mazurek, CEO and Chairman of Pioneer. “Transit bus and transportation electrification has been one of the top priorities and challenges in the last few years, and this project further validates how robust and expansive the e-Boost solution is nationwide. This will be the second transit depot to be powered up by e-Boost in 2024 and underscores the broader future for e-Boost within the transit industry in the U.S.”
The timeline for this challenge, from approval to funding to execution, is extraordinarily brief and one of many predominant causes e-Increase was chosen. Pioneer eMobility maintains all vital elements with lengthy lead occasions in stock, which has allowed for the quickest lead time for product deployment available in the market. This supplies e-Increase with a transparent market edge and makes Pioneer a dependable accomplice for patrons with vital grid hole challenges.
About Pioneer Energy Options, Inc.
Pioneer Energy Options, Inc. is a frontrunner within the design, manufacture, integration, refurbishment, service and distribution of electrical energy programs, distributed vitality sources, energy technology gear and cellular electrical charging options for functions within the utility, industrial and business markets. To be taught extra about Pioneer, please go to its web site at www.pioneerpowersolutions.com.
About INF Associates LLC
INF Associates is a turnkey vitality options agency that provides decarbonization companies in constructing and transportation administration. With a group of licensed engineers, skilled challenge managers, and operations professionals that present complete companies for Electrical Automobile Charging Infrastructure, EV Fleet Transition session and implementation, Automobile to Grid EVSE, MicroGrid and Battery Storage options, Vitality Effectivity Techniques, LED lighting, and plenty of extra companies. With in-depth expertise in federal and state funding applications to assist scale back the web price of capital (vitality) tasks to homeowners and property managers, the group helps scale back their carbon footprint whereas assembly federal and native necessities for a future powered by inexperienced vitality and sustainability. To be taught extra about INF Associates, please go to its web site at https://www.infassociates.com/
About Sourcewell
Sourcewell is a nonprofit cooperative that helps educators and leaders in native authorities and nonprofit organizations by offering skilled growth, contracted companies, funding, internship reimbursement, facility development, and different wants recognized in collaboration. Sourcewell combines the shopping for energy of greater than 50,000 authorities, schooling, and nonprofit organizations to avoid wasting its individuals money and time. The cooperative’s buying program manages the solicitation necessities and gives members easy accessibility to a longtime community of awarded contracts. To be taught extra about Sourcewell, please go to its web site at https://www.sourcewell-mn.gov/
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