Daimler Truck North America, NextEra Energy Resources and BlackRock Renewable Power Announce Plans to Accelerate Public Charging Infrastructure for Commercial Vehicles in the United States | national news

PORTLAND, Oregon., January 31, 2022 /PRNewswire/ — Daimler Truck North America LLC (DTNA), NextEra Energy Resources, LLC and BlackRock Renewable Power (BlackRock) today announced that they have signed a Memorandum of Understanding (MOU) to lay the groundwork for a proposed joint venture (JV) to design, develop, install and operate a national high-performance charging network for medium and heavy-duty hydrogen fuel cell and battery electric vehicles in the United States. With the aim of accelerating the deployment of carbon neutral freight transport, the launch of the operations of the future joint venture are planned for 2022. The initial financing is expected to consist of approximately $650 million shared equally between the three parties.

The lack of a national, publicly available electric charging infrastructure for commercial vehicles, especially those used for long-haul freight operations, remains one of the main barriers to the widespread deployment of electric trucks. With the formation of this JV, the three parties will pool their resources to meet this challenge. The parties plan to build a network of charging points on critical freight routes along the east and west coasts and in Texas by 2026, leveraging existing infrastructure and amenities while adding complementary greenfield sites to meet anticipated customer demand. The first phase is expected to begin construction in 2023.

Initial focus will be on battery electric medium and heavy duty vehicles, followed by hydrogen refueling stations for fuel cell trucks; the sites will also be available for light vehicles to serve the larger goal of electrifying mobility.

The proposed joint venture will benefit from the vast experience and knowledge of its founding members. NextEra Energy Resources, the world’s largest producer of renewable energy from wind and solar, is also a significant investor in electricity and charging infrastructure and brings its experience in renewable energy optimization, resilience and network integration. DTNA offers expertise in developing electric trucks (Freightliner eCascadia and battery-electric eM2 to begin production in 2022/23), vans and school buses, and experience in providing consulting services to its customers , the nation’s fleet operators. In cooperation with local utility Portland General Electric (PGE), DTNA has opened the first-of-its-kind public charging site for commercial vehicles in the United States. BlackRock’s Renewable Power Group is one of the largest renewable energy equity investment platforms in the world. . The group seeks to invest across the full spectrum of renewable energy and energy transition support infrastructure globally, with more than $9.5 billion in total commitments and investments in more than 350 wind and solar projects, in addition to electric vehicle charging infrastructure and battery energy storage systems, in 15 countries and 5 continents. BlackRock’s Renewable Power Group is part of BlackRock Real Assets.

John O’LearyPresident and CEO of DTNA, said, “This planned joint venture and our collaboration with BlackRock and NextEra Energy Resources will address the urgent need for a nationwide electric fuel and hydrogen charging infrastructure for commercial vehicles to achieve common climate goals. This investment will serve as a catalyst to make the carbon neutral trucking industry a reality. This project is a critical step towards developing a sustainable ZEV ecosystem through North America, and we look forward to including other partners as it progresses. We are committed to providing access to this network not only to DTNA vehicle brands, but also to all manufacturers using industry leading charging standards and communication protocols. »

“Working with Daimler Truck North America and BlackRock, we plan to accelerate the transformation of the transportation sector and make future investments in electrification upgrades, charging stations and renewable energies“, noted John Ketchum, President and CEO, NextEra Energy Resources. “This collaboration leverages our market-leading eIQ Mobility software platform to quantify the value and timing of fleet conversions and our Decarbonization-as-a-Service platform that helps fleets execute their plans. transition to zero-emission electric and hydrogen vehicles.

David GiordanoGlobal Head of Renewable Energy Group at BlackRock, said: “The commercial transport sector is a significant contributor to carbon emissions and we strongly believe that decarbonising transport will be a critical societal focus for the next decade. Having already made several investments in electric vehicles to recharge the infrastructure space around the world, we also believe that investments in the sector are very complementary to our strategy of investing in renewable energy generation. We are pleased to collaborate with NextEra Energy Resources and Daimler Truck North America on this proposed joint venture, which has the potential to provide our customers with access to exciting opportunities that come with the energy transition.”

ABOUT DAIMLER TRUCK NORTH AMERICA

Daimler Truck North America LLC, headquartered in Portland, OR, is a leading provider of comprehensive products and technologies for the commercial transportation industry. Daimler Truck North America designs, engineers, manufactures and markets medium and heavy-duty trucks, school buses, vehicle chassis and their associated technologies and components under the Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis Corp and Detroit brand names. Daimler Truck North America is a subsidiary of Daimler Truck Holding AG (DTG), one of the world’s leading manufacturers of commercial vehicles. For more information, visit www.daimler-trucksnorthamerica.com.

ABOUT NEXTERA ENERGY RESOURCES

NextEra Energy Resources, LLC (together with its affiliated entities, “NextEra Energy Resources”) is a clean energy leader and one of the largest wholesale power generators in the United States, with approximately 23,900 megawatts of capacity of total net generation, primarily in 38 states and Canada at the end of 2020. NextEra Energy Resources, together with its affiliated entities, is the world’s largest producer of renewable energy from wind and solar based of 2020 megawatt-hours produced on a net generation basis, and a world leader in battery storage. The company operates clean, emission-free nuclear power generation facilities in New Hampshire and Wisconsin as part of NextEra Energy’s nuclear fleet. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, FloridaNextEra Energy, Inc. (NYSE:NEE). For more information, visit www.NextEraEnergyResources.com.

ABOUT BLACKROCK REAL GOODS

In today’s dynamic and complex global investment market, BlackRock Real Assets seeks to help its clients access real assets that could help achieve their investment goals by providing a distinct range of well-defined strategies. and results-oriented, along the risk-return spectrum of investments.

BlackRock Real Assets’ dedicated teams of industry and sector specialists offer global reach, with deep local expertise. They have decades of relevant experience, are deeply rooted in their operating industries by sector and geography, and have developed strong partnership networks over time. BlackRock’s culture of risk management, knowledge sharing and investment discipline sets BlackRock Real Assets apart and underpins everything it does. With over 400 professionals in 30 offices managing over $65 billion in customer commitments at September 30, 2021BlackRock Real Assets partners with its clients to provide solutions tailored to the needs of each portfolio, such as income, growth, liquid or balanced real asset results.

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