New e-Boost Platforms deliver Net Zero EV
charging where it is needed, when it is needed; allowing charging
for EVs off-grid (or during grid outages)
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”
or the “Company”), a leader in the design, manufacture, service and
integration of electrical power systems, distributed energy
resources, power generation equipment and mobile electric vehicle
(“EV”) charging solutions, today announced that it is launching its
first zero-emission platforms.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240123098373/en/
ZEeB: Zero-Emission EV Charging Platform
(Photo: Business Wire)
Developed in partnership with NOMAD Transportable Power
Solutions, Inc. (NOMAD), the leading domestic manufacturer of
zero-emission, utility-scale mobile energy storage, Pioneer’s Zero
Emission e-Boost (“ZEeB”) and EXZELCR platforms set a new bar in
meeting the growing demand for low-carbon, mobile, e-Boost
solutions with grid-gap solutions.
Under development with NOMAD since last year, the companies
collaborated to design and test the platforms’ architecture. Like
all of Pioneer’s e-Boost platforms, ZEeB and EXZELCR are mobile,
but the new platforms offer the added benefit of battery energy
storage to provide zero-emission EV charging. The new solutions
will allow EV charging for a wide range of markets including at
events, in remote locations, for disaster response, or even for
fleet management where charging flexibility for a large number of
EVs is a priority.
Pioneer eMobility is now offering the ZEeB to customers and is
ready to begin delivery. The initial ZEeB has a 500 kW power
capacity unit powered by KORE Power lithium-ion battery cells with
1.3 MWh energy storage capacity that can deliver more than five
hours of EV charging with a 240 kW charger, more than 10 hours with
a 120 kW charger or more than 21 hours with a 60 kW charger.
Later this year, the Company plans to introduce two larger ZEeB
units offering 750 kW and 1 MW of capacity. The ZEeB is EV charger
brand agnostic.
Pioneer’s new EXZELCR is available to allow for immediate,
mobile, emissions-free, off-grid recharging of the ZEeB, while also
offering additional value. EXZELCR includes onboard availability
for 3-phase, 2-phase, and single-phase power availability making it
a complete Disaster Recovery (“DR”) tool.
With ZEeB and EXZELCR, the Company has created a hybrid EV
charging system that provides zero emission EV charging wherever
and whenever it is needed, and it can be easily recharged within
hours by EXZELCR for continuous availability.
“While many battery energy storage solutions are available in
the US market, they are severely limited by dependence on a
high-power, near-site grid connection for recharging,” said Nathan
Mazurek, CEO of Pioneer. “By pairing a mobile battery energy
storage solution with a mobile, low-carbon recharge system, we are
opening immense possibilities for our customers. Whenever
electricity becomes unavailable at a site, these units transform
instantly into integral parts of a microgrid (“MG”) or Distributed
Energy Resource (“DER”), which we believe places them years ahead
of their competition when it comes to peak demand shaving and
resiliency.”
Key features and benefits of the ZEeB and EXZELCR include:
● Fast, EV Charging, Anytime, Anywhere: Powered by a
high-performance, mobile battery system, at 500 kW, it delivers
exceptionally high-speed EV charging in the most remote or grid
congested areas, enabling businesses to transition to EVs.
● Compact Form Factor: The compact design of both units
makes them easy to transport and mobilize, simplifying EV charging
for fleets, transit agencies, school bus depots, municipalities and
sustainability events.
● Enhanced Future Resiliency: When grid connectivity
comes to the client site, the ZEeB can be easily integrated with a
grid connection into Pioneer’s E-Bloc solution, which offers
complete microgrid connectivity options and enables a comprehensive
Distributed Energy Resource that can integrate rooftop or canopy
solar and other renewable sources into the facility. ZEeb is
designed to double as a disaster recovery unit that can provide raw
480V, 3-phase, 240V or 120V power for any site use in times or
urgent needs.
“NOMAD is committed to delivering mobile energy storage
solutions that fill the gaps in providing safe, clean, reliable
power,” said NOMAD CEO Paul Coombs. “Through our partnership with
Pioneer, we’re allowing fast EV charging to be deployed as needed,
while eliminating the restrictions of stationary charging stations,
all with units made in the US.”
The Company believes that the launch of ZEeB and EXZELCR brings
unrivaled EV charging flexibility, representing a significant step
forward for EV deployment.
“The path to Net Zero will be a story of innovation and
optimization, and with ZEeB and EXZELCR, our customers have a
faster way to reach their EV charging and sustainability goals,”
commented Geo Murickan, head of Pioneer eMobility.
In addition to fleets in California with Class 8 vehicles that
are already transitioning to meet the Advanced Clean Fleet
regulations, many transit agencies, school bus depots,
municipalities, ports and even air taxi (electrical Vertical
Take-Off and Landing – eVTOL) entities have expressed interest in
the current and higher capacity models.
“Our customers are ready to embrace the EV transition, and with
the decentralized design offered by ZEeB and EXZELCR, these
solutions will streamline EV adoption,” Coombs added.
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design,
manufacture, integration, refurbishment, service and distribution
of electric power systems, distributed energy resources, power
generation equipment and mobile electric charging solutions for
applications in the utility, industrial and commercial markets. To
learn more about Pioneer, please visit its website at
www.pioneerpowersolutions.com.
About NOMAD Transportable Power Systems, Inc.
NOMAD Transportable Power Systems, Inc. (“NOMAD”), is a
Vermont-based company formed by KORE Power www.korepower.com in
2020 to provide the energy industry with a standardized mobile
energy storage platform. NOMAD is the first entrant into the mobile
lithium-ion energy storage space and combines its patent-pending,
over-the-road storage units with a standardized docking platform
capable of interconnection with any distribution or transmission
utility. The NOMAD system was designed from the onset to provide
its customers all the benefits of fixed site energy storage, while
eliminating both the capital commitments and long-term obligations
that traditional energy storage requires. To learn more about
NOMAD, please visit www.nomadpower.com.
Forward-Looking Statements:
This press release contains “forward-looking statements” within
the meaning of the federal securities laws. Such statements may be
preceded by the words “intends,” “may,” “will,” “plans,” “expects,”
“anticipates,” “projects,” “predicts,” “estimates,” “aims,”
“believes,” “hopes,” “potential” or similar words. Forward-looking
statements are not guarantees of future performance, are based on
certain assumptions and are subject to various known and unknown
risks and uncertainties, many of which are beyond the Company’s
control, and cannot be predicted or quantified and consequently,
actual results may differ materially from those expressed or
implied by such forward-looking statements. Such risks and
uncertainties include, without limitation, risks and uncertainties
associated with (i) the Company’s ability to successfully increase
its revenue and profit in the future, (ii) general economic
conditions and their effect on demand for electrical equipment,
(iii) the effects of fluctuations in the Company’s operating
results, (iv) the fact that many of the Company’s competitors are
better established and have significantly greater resources than
the Company, (v) the Company’s dependence on two customers for a
large portion of its business, (vi) the potential loss or departure
of key personnel, (vii) unanticipated increases in raw material
prices or disruptions in supply, (viii) the Company’s ability to
realize revenue reported in the Company’s backlog, (ix) future
labor disputes, (x) changes in government regulations, (xi) the
liquidity and trading volume of the Company’s common stock, (xii)
an outbreak of disease, epidemic or pandemic, such as the global
coronavirus pandemic, or fear of such an event, and (xiii) risks
associated with litigation and claims, which could impact our
financial results and condition.
More detailed information about the Company and the risk factors
that may affect the realization of forward-looking statements is
set forth in the Company’s filings with the U.S. Securities and
Exchange Commission (“SEC”), including the Company’s Annual and
Quarterly Reports on Form 10-K and Form 10-Q, respectively.
Investors and security holders are urged to read these documents
free of charge on the SEC’s web site at www.sec.gov. The Company
assumes no obligation to publicly update or revise its
forward-looking statements as a result of new information, future
events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240123098373/en/
Brett Maas, Managing Partner Hayden IR (646) 536-7331
brett@haydenir.com
NOMAD Transportable Power Systems Aleysha Newton VP of Marketing
(208) 758-9391 anewton@nomadpower.com
Pioneer Power Solutions (NASDAQ:PPSI)
Historical Stock Chart
From Apr 2024 to May 2024
Pioneer Power Solutions (NASDAQ:PPSI)
Historical Stock Chart
From May 2023 to May 2024