SAN DIEGO, March 3, 2022 /PRNewswire/ -- Levo Mobility LLC
(Levo), a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE)
(Nuvve), affiliates of Stonepeak Partners LP (Stonepeak), and
Evolve Transition Infrastructure LP (NYSE: SNMP) (Evolve) that
provides Fleet-as-a-Service (FaaS) solutions enabling fleets to
switch to electric vehicles (EVs) seamlessly and at scale,
announced a 10-year contract award by the Troy Community
Consolidated School District 30-C (Troy 30-C) in Illinois to support the district in its effort
to fully electrify its fleet. Troy has partnered with Levo to
convert its fleet of 64 school buses to zero-emission in as few as
5 years.
As part of the award, Levo will deliver a full suite of services
to support Troy 30-C's zero-emission fleet conversion: all site
planning, construction, installation of infrastructure and electric
vehicle supply equipment (EVSE), and utility engagement.
Additionally, Levo will support the district's future procurement
of electric buses to replace its existing diesel and gas units
while maximizing available rebate and subsidy opportunities to
minimize the total cost to the district. Finally, to ensure
each bus is charged and ready to transport children while
minimizing energy costs, Levo will leverage Nuvve's intelligent
energy management platform.
"Levo's model was designed to support organizations like Troy
30-C that are forward-looking and committed to sustainability,"
said Maggie Clancy, chief commercial
officer of Levo. "Our turnkey electrification solution provides
everything a school needs to electrify now and start enjoying the
benefits of moving away from diesel buses. As Levo continues to
lead in fleet electrification services we're creating a more
sustainable future while providing attractive benefits for school
districts."
As a recognized leader in deploying sustainability initiatives
that prioritize the health and wellness of its community, Troy 30-C
selected Levo as its electrification partner due to its experienced
leadership in safe, reliable student transportation, its
affordable, turnkey fleet electrification solution, and its ability
to manage the complexity of a full site conversion from
end-to-end.
"The electrification of our transportation fleet is the
next logical step for our district," contends Mark Griglione, Troy 30C board
president. "We are proactive in bringing the future to our
community today. Three years ago, we placed solar panels on the
roofs of all our buildings, providing power to our local grid.
Last year, we placed hospital-grade systems in all our
buildings to provide a safe environment for our staff and
students during this COVID period. When we decided to move
toward electrification of our transportation fleet, Levo presented
us with the opportunity, flexibility, and knowledge to bring this
sustainable energy solution to our community today. We are
very pleased to be working on this project with Levo."
"It's a certainty that schools will transition to electric buses
and our district believes that as a sustainability champion in the
community, it's our responsibility to lead and act decisively to
create the best possible learning environment for our students,"
says Dr. Todd J. Koehl, Troy 30-C's
superintendent. "The technology exists today to electrify school
bus fleets. There's no reason to wait."
Levo's flexible approach allows Troy 30-C to deploy two initial
electric buses to start while building out charging infrastructure
for the long term. This infrastructure will accommodate the
district's immediate electrification needs while also
future-proofing the assets by integrating with other district
sustainability investments, such as solar panels, and supporting
vehicle-to-grid (V2G) capabilities.
"Through Levo we are blazing a trail across the country to
create a 'force for good' in school bus electrification. We believe
it isn't a question of 'if' but 'when' every yellow school bus in
the country is zero-emissions, electric-powered," said Trent Kososki, managing director at Stonepeak.
"We are honored and grateful that Levo has been selected as the
solutions provider to Troy as it leads by example in the
electrification of student transportation."
About Levo
Levo Mobility LLC (Levo) is a joint venture
formed by Nuvve Holding Corp. (Nasdaq: NVVE), Stonepeak Partners,
and Evolve Transition Infrastructure LP (NYSE: SNMP) that provides
Fleet-as-a-Service (FaaS) solutions enabling fleets to switch to
electric vehicles (EVs) quickly with no upfront costs and full
financing options. For a flat fee, Levo provides turnkey support
including site planning, construction services, deployment of
vehicle-to-grid (V2G)-enabled EVs and associated charging
infrastructure, as well as maintenance and V2G energy management
services to seamlessly transition a customer's fleet to electric
while lowering its total cost of EV operation. Levo combines
Nuvve's proprietary V2G technology, EV OEM partnerships, and
expertise in transportation electrification with substantial
capital and additional resources from Stonepeak and Evolve to
bridge the gap between the need to electrify transportation and the
large upfront investment needed to do so. Levo's mission is to be
the all-in-one partner for fleet electrification while
intelligently integrating EVs into the grid and increasing the
penetration of clean energy sources. For more information visit
www.levomobility.com.
Levo Media Contact
(W)right On Communications
Chance Shay
cshay@wrightoncomm.com
+1 619-980-5556
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SOURCE Levo Mobility LLC