Thursday, May 19, 2022

Daimler, NextEra Energy Resources and BlackRock form new JV

Daimler Truck North America, NextEra Energy Resources and BlackRock have agreed to form a joint venture. The new JV will build and operate high-performance energy infrastructure for battery electric and fuel cell commercial vehicles in the USA.

The partners plan to start the joint activities this year and build the first charging stations in 2023. The planned funding is around 650 million dollars, which the three companies will provide in equal parts.

The joint venture is planning to create a network of charging stations on freight routes along the east and west coasts and in Texas by 2026. The initial focus will be on charging stations for battery-electric medium and heavy-duty commercial vehicles. This is to be followed by hydrogen refuelling stations for fuel cell trucks.

The companies expect the joint venture to benefit from the experience of its founding members, most notably Daimler Trucks. The company is developing electric trucks and hopes to produce the battery-electric Freightliner eCascadia and eM2 in 2022/23. What is more, Daimler Trucks is piloting truck charging sites through its affiliate DNTA. In cooperation with the local utility company Portland General Electric (PGE), DTNA opened a public charging site for commercial vehicles in Portland, OR.

The other partners in North America appear primarily on board as investors. NextEra Energy Resources is an investor in electric infrastructure and brings experience optimizing renewable energy and grid integration.

BlackRock Renewable Power claims it operates one of the world’s largest renewable power equity investment platforms. They seek to invest over $9.5 billion across the spectrum of renewable power and are committed to over 350 wind and solar projects across 15 countries and five continents. In terms of e-mobility, BlackRock is also invested in Ionity since the Group partook in a 700-million-euro investment round closed in November 2021.

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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