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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 methods, distributed power sources, energy era tools and cellular electrical car (“EV”) charging options, at the moment introduced that it has acquired an order valued over $5 million for its e-Increase cellular electrical car charging options from a serious 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 essential standards together with sustainability, product mobility, expertise, energy supply capability, product lead time, design optimization and consultative answer. The contract consists of the acquisition, set up, and upkeep of 4 e-Increase Cellular items in two transit depot areas to allow EV charging of the Transit Authority’s first 24 EV buses.
These e-Increase Cellular items, every with 240kW of onboard energy, might be delivered with six offboard cellular EV chargers on related skids. The items 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 provides the Transit Authority 8.4MWh of onboard power at every website for EV charging throughout regular operations and the reassurance of steady operation throughout surprising 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,” stated Geo Murickan, President of Pioneer eMobility.”
This order additionally marks one of many first e-Increase items to be bought by Sourcewell, a nationwide, nonprofit service cooperative that serves as a bridge between authorities, schooling, and nonprofit companies and suppliers that provide certified merchandise and options. The e-Increase product line is now accessible to all municipal and authorities companies on Sourcewell by its alliance accomplice INF Associates Power 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 fundamental causes e-Increase was chosen. Pioneer eMobility maintains all essential elements with lengthy lead occasions in stock, which has allowed for the quickest lead time for product deployment out there. This offers e-Increase with a transparent market edge and makes Pioneer a dependable accomplice for purchasers with essential 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 methods, distributed power sources, energy era tools and cellular electrical charging options for purposes within the utility, industrial and business markets. To study extra about Pioneer, please go to its web site at www.pioneerpowersolutions.com.
About INF Associates LLC
INF Associates is a turnkey power options agency that provides decarbonization companies in constructing and transportation administration. With a staff 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, Power 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 (power) initiatives to house owners and property managers, the staff helps scale back their carbon footprint whereas assembly federal and native necessities for a future powered by inexperienced power and sustainability. To study 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 improvement, 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 save lots of its contributors money and time. The cooperative’s buying program manages the solicitation necessities and provides members quick access to a longtime community of awarded contracts. To study extra about Sourcewell, please go to its web site at https://www.sourcewell-mn.gov/
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