Pioneer Power Partners with NOMAD Transportable Power Systems to Launch New Zero-Emission, Mobile EV Charging Platform and Re-charging Solutions
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced the launch of its first zero-emission platforms, ZEeB and EXZELCR, developed in partnership with NOMAD Transportable Power Solutions, Inc. The new platforms offer mobile, zero-emission EV charging with battery energy storage for a wide range of markets, including events, remote locations, disaster response, and fleet management. 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. The ZEeB is EV charger brand agnostic and can be easily recharged within hours by EXZELCR for continuous availability. The launch of ZEeB and EXZELCR represents a significant step forward for EV deployment, offering unrivaled EV charging flexibility.
The introduction of Pioneer Power Solutions' Zero Emission e-Boost (ZEeB) and EXZELCR platforms signifies a strategic move within the energy sector, particularly in the context of EV charging infrastructure. These platforms' ability to deliver net-zero EV charging in off-grid scenarios or during grid outages addresses a critical pain point in the EV market—charging accessibility and reliability. The ZEeB's 500 kW power capacity and 1.3 MWh energy storage capacity are substantial, enabling extended charging periods without the need for a grid connection. This capability is not only relevant for areas with unreliable power grids but also for emergency response and remote operations.
Furthermore, the announcement of larger capacity units and the system's brand-agnostic nature indicate a forward-thinking approach to market needs. The potential integration into microgrids and as a part of a Distributed Energy Resource (DER) system underscores the platforms' versatility and aligns with the broader industry trend towards decentralized energy solutions. The platforms could facilitate peak demand shaving , where energy consumption is reduced during peak demand times, potentially lowering energy costs and enhancing grid stability.
The market impact of such innovation is likely to be significant. As businesses and municipalities increasingly adopt EVs, the demand for flexible and resilient charging solutions will grow. Pioneer's platforms could capture a sizeable market share, especially in sectors with stringent clean energy regulations or sustainability goals. The timing of this release is also opportune, considering the heightened focus on infrastructure resilience and sustainability.
The deployment of zero-emission charging solutions like the ZEeB and EXZELCR by Pioneer Power Solutions aligns with global and national environmental policy shifts towards reducing carbon emissions. The platforms' emphasis on low-carbon, mobile, e-Boost solutions resonates with the goals set by the Paris Agreement and various national policies aimed at achieving net-zero emissions. By enabling EV charging in remote and disaster-affected areas without relying on fossil fuel-powered generators, these platforms contribute to the broader decarbonization of the transportation sector.
Moreover, the interest expressed by entities such as transit agencies and school bus depots in these platforms reflects a growing recognition of the role that electrification of transportation plays in meeting Advanced Clean Fleet regulations . The platforms' potential to serve as a disaster recovery unit also highlights their role in environmental sustainability and resilience planning. Such dual-use technology could be instrumental in securing funding or incentives from government programs focused on climate change mitigation and adaptation.
Overall, the introduction of these platforms could catalyze a shift in how EV charging infrastructure is perceived in policy discussions, emphasizing the need for solutions that are not only sustainable but also resilient and adaptable to various operational contexts.
From a market perspective, the launch of Pioneer's ZEeB and EXZELCR platforms is poised to disrupt the EV charging station market, which is projected to grow significantly in the coming years. The mobility of these platforms allows them to tap into niche markets such as events, remote locations and disaster response , which are typically underserved by traditional stationary charging stations. The ability to recharge the units with the EXZELCR adds a layer of operational flexibility that could be a strong selling point.
Competitive analysis would likely reveal that Pioneer's offerings are differentiated by their off-grid capabilities and disaster recovery functionality. These features could give them a competitive edge in procurement processes, especially for organizations prioritizing sustainability and emergency preparedness. Additionally, the interest from entities involved with eVTOL technologies indicates a potential expansion into new markets driven by the rise of urban air mobility.
Long-term implications for stakeholders include the potential for reduced operational costs associated with EV charging and enhanced business continuity during power disruptions. However, the adoption rate of these platforms will depend on the total cost of ownership and the speed at which the target markets embrace EV technology. It will be crucial to monitor customer feedback and the platforms' performance in real-world scenarios to assess their market viability and impact on Pioneer's financials.
01/23/2024 - 08:30 AM
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)
FORT LEE, N.J. & WATERBURY, Vt .--(BUSINESS WIRE)--
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.
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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
brett@haydenir.com
NOMAD Transportable Power Systems
anewton@nomadpower.com
Source: Pioneer Power Solutions, Inc.
What is the ticker symbol for Pioneer Power Solutions, Inc.?
The ticker symbol for Pioneer Power Solutions, Inc. is PPSI.
What are the key features of the ZEeB and EXZELCR platforms?
The key features of the ZEeB and EXZELCR platforms include fast EV charging, compact form factor, and enhanced future resiliency. They offer exceptionally high-speed EV charging in remote areas, easy transport and mobilization, and the ability to be integrated with a grid connection for comprehensive Distributed Energy Resource.
What is the power capacity of the initial ZEeB unit?
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.
What are the markets for which the ZEeB and EXZELCR platforms are intended?
The ZEeB and EXZELCR platforms are intended for a wide range of markets, including events, remote locations, disaster response, and fleet management.
What is the benefit of the ZEeB being EV charger brand agnostic?
The ZEeB being EV charger brand agnostic allows for flexibility and compatibility with various EV charging solutions.
