Ideanomics to Deploy Energy and Charging Stations for Coast Counties Peterbilt

Ideanomics, a company focused on accelerating the adoption of commercial electric vehicles, signed an agreement with Coast Counties Peterbilt to deploy and operate energy and charging solutions at Coast Counties’ truck dealerships in California.

The agreement includes a power purchase agreement and a charging-as-a-service component. Ideanomics Energy will deploy DC fast charger, renewable energy generation and storage at four Coast Counties Peterbilt dealerships in California. In addition, Ideanomics Energy’s management software will ensure high utilization and cost optimization. This turnkey solution will be offered to Coast Counties Peterbilt at a pre-agreed monthly amount.

The deal is the first completed by Ideanomics Energy, a newly created energy division of Ideanomics that provides turnkey charging and energy solutions. The deal will further Ideanomics’ mission of being a commercial electrification provider for fleets throughout their electrification journeys.

Ideanomics Energy offers agnostic energy management software with modular charging and energy solutions, including WAVE’s high-power wireless charger, as well as a range of services from initial planning, engineering and installation to operations and maintenance of deployed energy assets. The new business division aligns with the existing Ideanomics Mobility and Ideanomics Capital divisions.

Coast Counties Peterbilt selected Ideanomics Energy as a partner through GridMarket. GridMarket’s artificial intelligence-driven energy project platform leverages energy modeling, digital simulation planning and proprietary analytics to produce actionable energy insights. The platform identifies opportunities, optimizes project design and runs a procurement process, soliciting competitive bids from a global network of technical and financial solution providers.

“We were looking for the optimal mix of solutions with reliable ROIs, and we selected Ideanomics Energy as the clear best-fit implementation partner through the GridMarket marketplace,” Craig Archer, president of Coast Counties Peterbilt, said. “GridMarket enabled us to effectively consider all best-fit technologies and partners and de-risked our expansion into offering electric vehicles. Ideanomics Energy demonstrated a successful track record of charging infrastructure installations, and we are thrilled to begin work with them.”

“It is important to install reliable infrastructure that fits to the specific strategy and needs of individual fleet customers,” Jan Freimann, vice president of energy services at Ideanomics, said. “We don’t believe in one-size-fits-all. Instead, we deploy custom-tailored solutions to minimize costs, increase reliability and limit uncertainty for customers like Coast Counties Peterbilt. Thanks to GridMarket, our team has the opportunity now to support Coast Counties Peterbilt’s transition to electrification and a greener future.”

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.