Romeo Power and Republic Services Announce Strategic Alliance Agreement Including a Vehicle Retrofit Test Program
Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy
technology leader delivering large-scale electrification solutions
for complex commercial applications, and Republic Services, Inc.
(“Republic Services”) (NYSE: RSG), a leader in recycling and solid
waste solutions, announced today that they have entered into a
Strategic Alliance Agreement (the “Agreement”) to collaborate on
the development of Romeo Power’s battery technology for use in
Republic’s electric garbage trucks.
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Through a Strategic Alliance Agreement,
two of Republic’s refuse vehicles will be retrofitted with electric
motors and Romeo Power battery packs. (Photo: Business Wire)
As part of the Agreement, senior leaders from each company will
sit on a steering committee that will monitor and guide the
alliance. The two companies will work closely to determine the key
performance metrics of Romeo Power’s battery packs that will suit
Republic’s specific refuse use-cases. As part of the Agreement, the
two parties also have agreed to a retrofit test program in which
the diesel engines and related components will be removed from two
of Republic’s vehicles and replaced with electric motors and Romeo
Power battery packs, with a goal of delivering the retrofitted
trucks by the end of 2021.
“By combining Romeo Power’s advanced energy technology with
Republic Services’s vehicles, we pave the way for responsible and
sustainable commercial transportation,” said Lionel Selwood, Jr.,
Chief Executive Officer of Romeo Power. “We look forward to working
with the Republic Services team and being part of their
Tim Stuart, Chief Operating Officer of Republic Services, has
also recently joined the Board of Directors of Romeo Power. “This
strategic alliance is an exciting component of Republic’s fleet
electrification strategy,” commented Stuart. “We believe our
partnership with Romeo Power will strengthen our leadership
position within our industry in both electrification and
Through its industry-leading technology and energy dense battery
packs, Romeo Power enables large-scale, sustainable transportation
by delivering safer, longer lasting batteries with shorter charge
times. The company has a 7 GWh-capable manufacturing facility in
Los Angeles, California. Its core product offering is focused on
the battery electric vehicle medium-duty short haul and heavy-duty
long haul trucking markets.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California,
Romeo Power (NYSE: RMO) is an energy technology leader delivering
large-scale electrification solutions for complex commercial
applications. The company’s suite of advanced hardware, combined
with its innovative battery management system, delivers the safety,
performance, reliability and configurability its customers need to
succeed. Romeo Power's 113,000 square-foot manufacturing facility
brings its flexible design and development process inhouse to pack
the most energy dense modules on the market. To keep up with
everything Romeo Power, please follow the company on social
@romeopowerinc or visit www.romeopower.com.
About Republic Services, Inc.
Republic Services, Inc. (NYSE: RSG) is an industry leader in
U.S. recycling and non-hazardous solid waste disposal. Through its
subsidiaries, Republic's collection companies, transfer stations,
recycling centers, landfills and environmental services provide
effective solutions to make responsible recycling and waste
disposal effortless for its customers across the country. Its
36,000 employees are committed to providing a superior experience
while fostering a sustainable Blue Planet® for future generations
to enjoy a cleaner, safer and healthier world. For more
information, visit RepublicServices.com, or follow the company at
Facebook.com/RepublicServices, @RepublicService on Twitter and
@republic services on Instagram.
version on businesswire.com: https://www.businesswire.com/news/home/20210128005277/en/
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