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Pioneer Energy Receives $5 Million Order from Main U.S. Metro Transit Authority for EV Bus Charging at A number of Websites


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e-Increase Chosen to Cost Fleet of New Buses for One of many Largest U.S. Metros; Accelerating Metro’s Transition to All EVs by 2028

FORT LEE, N.J. — Pioneer Energy Options, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Energy” or the “Firm”), a frontrunner within the design, manufacture, service and integration {of electrical} energy programs, distributed vitality assets, energy technology gear and cell electrical car (“EV”) charging options, at the moment introduced that it has acquired an order valued over $5 million for its e-Increase cell electrical car charging options from a significant U.S. metro transit authority.

With this order and its present backlog, the Pioneer eMobility enterprise unit is anticipated to surpass the 2024 steerage of $10 million in income of cell off-grid EV charging options in 2024. The Firm expects to ship and fee this particular order within the fourth quarter of 2024.

Serving one of many largest metro cities within the U.S., the Transit Authority is led by visionary metropolis management that’s on a mission to decarbonize and sustainably electrify its fleet of transit buses by 2028. Pioneer eMobility was chosen and awarded the contract primarily based on a number of crucial standards together with sustainability, product mobility, expertise, energy supply capability, product lead time, design optimization and consultative answer. The contract consists of the acquisition, set up, and upkeep of 4 e-Increase Cell items in two transit depot places to allow EV charging of the Transit Authority’s first 24 EV buses.

These e-Increase Cell items, every with 240kW of onboard energy, shall be delivered with six offboard cell EV chargers on linked skids. The items are designed with the pliability to relocate transit depot operations to a secondary, security website throughout pure catastrophe occasions together with wildfires or flooding. Pioneer’s sturdy off-grid, cell design presents the Transit Authority 8.4MWh of onboard vitality at every website for EV charging throughout regular operations and the peace of mind of steady operation throughout sudden weather-related occasions or grid congestion at a distant location.

“By offering superior high-capacity cell EV charging options that steadiness sustainability, economic system and practicality, we’re supporting environmentally progressive cities as they undertake and purchase EV transit buses and assist to safe the well being and security of the native residents and bus operators,” mentioned Geo Murickan, President of Pioneer eMobility.”

This order additionally marks one of many first e-Increase items to be bought via Sourcewell, a nationwide, nonprofit service cooperative that serves as a bridge between authorities, training, and nonprofit companies and suppliers that provide certified merchandise and options. The e-Increase product line is now out there to all municipal and authorities companies on Sourcewell via its alliance accomplice INF Associates Vitality Options, primarily based in New York and working all through the U.S.

“The notable measurement of this order, coupled with our visibility on extra sizable orders within the gross sales pipeline, clearly demonstrates the traction Pioneer is reaching for our e-Increase product line,” added Nathan Mazurek, CEO and Chairman of Pioneer. “Transit bus and transportation electrification has been one of many prime priorities and challenges in the previous few years, and this undertaking additional validates how sturdy and expansive the e-Increase answer is nationwide. This would be the second transit depot to be powered up by e-Increase in 2024 and underscores the broader future for e-Increase inside the transit business within the U.S.”

The timeline for this undertaking, from approval to funding to execution, is extraordinarily quick and one of many important causes e-Increase was chosen. Pioneer eMobility maintains all crucial parts with lengthy lead occasions in stock, which has allowed for the quickest lead time for product deployment available in the market. This gives e-Increase with a transparent market edge and makes Pioneer a dependable accomplice for purchasers with crucial grid hole challenges.

About Pioneer Energy Options, Inc.

Pioneer Energy Options, Inc. is a frontrunner within the design, manufacture, integration, refurbishment, service and distribution of electrical energy programs, distributed vitality assets, energy technology gear and cell electrical charging options for functions within the utility, industrial and industrial markets. To be taught extra about Pioneer, please go to its web site at www.pioneerpowersolutions.com.

About INF Associates LLC

INF Associates is a turnkey vitality options agency that gives decarbonization companies in constructing and transportation administration. With a group of licensed engineers, skilled undertaking managers, and operations professionals that present complete companies for Electrical Automobile Charging Infrastructure, EV Fleet Transition session and implementation, Automobile to Grid EVSE, MicroGrid and Battery Storage options, Vitality Effectivity Methods, LED lighting, and lots of extra companies. With in-depth expertise in federal and state funding packages to assist scale back the online price of capital (vitality) initiatives to house owners and property managers, the group helps scale back their carbon footprint whereas assembly federal and native necessities for a future powered by inexperienced vitality and sustainability. To be taught extra about INF Associates, please go to its web site at https://www.infassociates.com/

About Sourcewell

Sourcewell is a nonprofit cooperative that helps educators and leaders in native authorities and nonprofit organizations by offering skilled growth, contracted companies, funding, internship reimbursement, facility building, and different wants recognized in collaboration. Sourcewell combines the shopping for energy of greater than 50,000 authorities, training, and nonprofit organizations to avoid wasting its individuals money and time. The cooperative’s buying program manages the solicitation necessities and presents members easy accessibility to a longtime community of awarded contracts. To be taught extra about Sourcewell, please go to its web site at https://www.sourcewell-mn.gov/


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