Commercial, Distributed Energy Resources, Sourcing Renewables - May 2, 2023
Daimler Truck North America Launches EV Charging Joint Venture
Daimler Truck North America (DTNA) launched a joint venture called Greenland™ to design, develop, install, and operate a nationwide zero-emission public charging and hydrogen fueling network in the U.S.
NextEra Energy Resources and BlackRock Alternatives, through a fund managed by its Climate Infrastructure business (BlackRock), will participate in the joint venture.
The charging network will be used by medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles with plans to expand to light-duty vehicles. This joint venture will address the need for a publicly available electric charging infrastructure for commercial vehicles, especially for long-haul freight operations.
The $650 million alliance has chosen its first site, which will be located in Southern California and has acquired several other locations along various freight routes. The network of charging sites will be built on critical freight routes along the east and west coasts and in Texas. Greenlane will use existing infrastructure and amenities while also adding complementary greenfield sites.
"Greenlane is designed to begin to tackle one of the greatest hurdles to the trucking industry's decarbonization – infrastructure," said John O'Leary, president and chief executive officer, DTNA, in a statement. "The nation's fleets can only transform with the critical catalyst of publicly accessible charging designed to meet the needs for medium- and heavy-duty vehicles. Together with our strong partners, BlackRock and NextEra Energy Resources, we are launching Greenlane to address the unique demands of the industry, support our mutual customers, and provide a dual benefit to all electric vehicle drivers who will be able to utilize this new network. We're excited to take this next step and look forward to sharing more of Greenlane's plans in the future."
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