LION ELECTRIC'S SCHOOL BUSES ARE NOW ELIGIBLE FOR DOMINION ENERGY'S ELECTRIC SCHOOL BUS INFRASTRUCTURE PROGRAM IN VIRGINIA
Lion Electric (NYSE: LEV) announced that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia as of the announcement date.
Dominion Energy will support eligible Virginia public school districts that receive EPA Clean School Bus funding by coordinating utilities, network upgrades, construction, and installation of fast-charging infrastructure. Lion's vehicle-to-grid (V2G) enabled buses can serve as grid energy storage and discharge power during high-demand periods.
Lion also offers end-to-end customer support including charging via LionEnergy, financing via LionCapital Solutions, grants support from LionGrants, training from BrightSquad, and telematics through LionBeat.
Lion Electric (NYSE: LEV) ha annunciato che i suoi autobus scolastici completamente elettrici sono ora idonei al programma di Infrastrutture per Autobus Scolastici Elettrici di Dominion Energy in Virginia dalla data dell’annuncio.
Dominion Energy supporterà i distretti scolastici pubblici idonei della Virginia che ricevono finanziamenti EPA Clean School Bus coordinando le utilities, gli aggiornamenti di rete, la costruzione e l’installazione di infrastrutture di ricarica rapida. I bus Lion dotati di tecnologia vehicle-to-grid (V2G) possono fungere da accumulo energetico di rete e fornire potenza di scarica durante i periodi di domanda elevata.
Lion offre anche supporto completo al cliente, inclusa la ricarica tramite LionEnergy, finanziamenti tramite LionCapital Solutions, supporto per sovvenzioni da LionGrants, formazione da BrightSquad e telematica tramite LionBeat.
Lion Electric (NYSE: LEV) anunció que sus autobuses escolares completamente eléctricos ya son elegibles para el programa de Infraestructura de Autobuses Escolares Eléctricos de Dominion Energy en Virginia a partir de la fecha del anuncio.
Dominion Energy apoyará a distritos escolares públicos elegibles de Virginia que reciban financiamiento EPA Clean School Bus coordinando servicios públicos, actualizaciones de red, construcción e instalación de infraestructura de carga rápida. Los autobuses de Lion con capacidad V2G pueden servir como almacenamiento de energía de la red y descargar potencia durante períodos de alta demanda.
Lion también ofrece soporte integral al cliente, incluida la carga a través de LionEnergy, financiamiento a través de LionCapital Solutions, apoyo de subvenciones de LionGrants, capacitación de BrightSquad y telemática a través de LionBeat.
라이온 일렉트릭(Lion Electric, NYSE: LEV)은 버지니아주 Dominion Energy의 전기 스쿨버스 인프라 프로그램에 자사의 전기 스쿨버스가 이제 발표일자로 적격임을 발표했습니다.
Dominion Energy는 EPA Clean School Bus 자금을 받는 버지니아주 공립학교 구역을 지원하기 위해 유틸리티 조정, 네트워크 업그레이드, 공사 및 고속 충전 인프라 설치를 조정합니다. 차량-네트워크 연계(V2G) 기능이 있는 Lion의 버스는 그리드 에너지 저장소로 작동하고 높은 수요 기간에 방전 전력을 공급할 수 있습니다.
Lion은 또한 LionEnergy를 통한 충전, LionCapital Solutions를 통한 자금 조달, LionGrants의 보조금 지원, BrightSquad의 교육, LionBeat를 통한 텔레매틱스를 포함한 엔드투엔드 고객 지원을 제공합니다.
Lion Electric (NYSE: LEV) a annoncé que ses bus scolaires entièrement électriques sont désormais éligibles au programme d’infrastructures des bus scolaires électriques de Dominion Energy en Virginie à partir de la date d’annonce.
Dominion Energy soutiendra les districts scolaires publics de Virginie éligibles qui reçoivent un financement EPA Clean School Bus en coordonnant les services publics, les mises à niveau du réseau, la construction et l’installation d’infrastructures de recharge rapide. Les bus de Lion dotés de la technologie véhicule-rinfrastructure réseau (V2G) peuvent servir de stockage d’énergie pour le réseau et décharger de l’énergie pendant les périodes de forte demande.
Lion propose également un support client de bout en bout, y compris la recharge via LionEnergy, le financement via LionCapital Solutions, le soutien aux subventions de LionGrants, la formation via BrightSquad et la télématique via LionBeat.
Lion Electric (NYSE: LEV) hat bekannt gegeben, dass seine vollelektrischen Schulbusse jetzt für das Dominion Energy Electric School Bus Infrastructure-Programm in Virginia ab dem Veröffentlichungsdatum berechtigt sind.
Dominion Energy wird berechtigte landesweite Schulbezirke in Virginia unterstützen, die EPA Clean School Bus-Fördermittel erhalten, indem Versorgungsunternehmen koordiniert, Netz-Upgrades, Bau und Installation von Schnellladestationen durchgeführt werden. Lions Fahrzeuge-zu-Grid (V2G) unterstützte Busse können als Netzspeicher dienen und während Zeiten hoher Nachfrage Strom entladen.
Lion bietet auch einen umfassenden Kundensupport, einschließlich Laden über LionEnergy, Finanzierung über LionCapital Solutions, Zuschussunterstützung durch LionGrants, Schulung durch BrightSquad und Telematik über LionBeat.
ليون إلكتريك (بورصة نيويورك: LEV) أعلن أن حافلاته المدرسية الكهربائية بالكامل أصبحت الآن مؤهلة لبرنامج بنية حافلات المدارس الكهربائية من Dominion Energy في فيرجينيا اعتباراً من تاريخ الإعلان.
ستدعم Dominion Energy المناطق التعليمية العامة المؤهلة في فرجينيا التي تتلقى تمويل EPA Clean School Bus من خلال تنسيق المرافق، وتحديثات الشبكة، والبناء، وتثبيت بنية الشحن السريع. يمكن لحافلات ليون المزودة بتقنية المركبة إلى الشبكة (V2G) أن تعمل كخزانة طاقة لشبكة الكهرباء وتفرغ الطاقة في فترات الطلب العالي.
كما تقدم Lion دعمًا شاملاً للعميل بما في ذلك الشحن عبر LionEnergy، والتمويل عبر LionCapital Solutions، ودعم المنح من LionGrants، والتدريب من BrightSquad، والبيانات التليماتيكية عبر LionBeat.
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Insights
Eligibility for Dominion Energy's program expands Lion's accessible market in Virginia and supports school-bus electrification adoption.
Lion gains formal pathway for its all-electric school buses to access Dominion Energy's charging and V2G coordination in Virginia. The program bundles utility coordination, network upgrades, construction, and charger installation for districts that obtain EPA Clean School Bus funding.
Key dependencies include school districts securing EPA funds and successful utility work. The announcement cites the EPA program's
Watch for district-level awards and implementation milestones over the next 12–36 months and any published agreements naming vehicle deliveries, charging installations, or V2G trials. Those items will determine near-term revenue opportunity and adoption pace.
JOLIET, Ill., Sept. 5, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announces that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia.
Dominion Energy, the main electricity provider in Virginia, is supporting public school districts within its Virginia service territory by providing fast-charging solutions to districts that receive Environmental Protection Agency ("EPA") Clean School Bus funding. As part of this program, Dominion Energy facilitates the coordination of utilities, network upgrades, construction, and installation of charging infrastructure for beneficiary school districts. Additionally, this initiative enables electric school buses to serve as a grid resource. With vehicle-to-grid ("V2G") technology, electric school buses can be utilized as additional energy storage and discharge energy on to the grid during periods of high demand when the buses are not needed for transport.
"Dominion Energy's Electric School Bus Infrastructure program represents a unique opportunity for school districts across Virginia to accelerate the electrification of their school bus fleets. With its offering of purpose-built, vehicle-to-grid enabled electric school buses, Lion is ideally positioned to serve school districts in Virginia," said Marc-Andre Page, Chief Customer Officer at Lion Electric. "With over 15 years of dedication to the development and deployment of all-electric school buses, Lion is leading the industry with all-encompassing electric solutions that benefit children and communities across America."
"Dominion Energy is committed to helping Virginia remain a leader in clean pupil transportation," said Courtney Young, Director of Electrification at Dominion Energy. "We are proud to support public school districts in their transition to electrification, with key partners like Lion Electric, and bring the benefits of electric transportation to the customers and communities we serve."
Dominion Energy's Electric School Bus Infrastructure program is a great complement to the EPA's Clean School Bus Program, for which
School districts interested in acquiring an all-electric school bus can also benefit from the Lion Customer Success team, who are experts in supporting the transition to zero emissions and maximizing operational success. Support includes charging infrastructure through LionEnergy, financing assistance via LionCapital Solutions, funding support services from the LionGrants team, driver, maintenance, and safety training by Lion's BrightSquad, and proprietary EV telematics with LionBeat.
School districts and fleet customers ready to start their electrification journey are invited to contact Lion Electric at marketing.lion@thelionelectric.com.
To learn more about the Dominion Energy's Electric School Bus Infrastructure program in Virginia: Electric School Buses | Virginia | Dominion Energy
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
ABOUT DOMINION ENERGY
More than 4.5 million customers in 13 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to providing reliable, affordable, and increasingly clean energy every day and to achieving Net Zero emissions by 2050. Please visit DominionEnergy.com to learn more.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"), including statements about Lion's beliefs and expectations and other statements that are not statements of historical facts. Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled "Risk Factors" of the Company's annual management's discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company's interim MD&As. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company's annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
View original content:https://www.prnewswire.com/news-releases/lion-electrics-school-buses-are-now-eligible-for-dominion-energys-electric-school-bus-infrastructure-program-in-virginia-302238815.html
SOURCE The Lion Electric Co.
FAQ
What does Dominion Energy program eligibility mean for Lion Electric (LEV) school buses in Virginia?
How does vehicle-to-grid (V2G) capability for LEV buses affect school districts and the grid?
Can Virginia school districts combine EPA Clean School Bus funding with Dominion Energy's infrastructure program for LEV buses?
What customer support does Lion Electric provide to school districts buying LEV buses?
Where can a Virginia school district start if it wants an electric Lion school bus (LEV)?
