XL Fleet Installs Charging Infrastructure to Power Apex Clean Energy’s Electrified Vehicle Deployments
December 21 2021 - 7:30AM
Business Wire
Leading clean energy company electrified its
work truck fleet with XL Fleet plug-in hybrid and hybrid systems on
its F-Series pickup trucks earlier this year
Charging deployment was managed by the XL Grid
and World Energy teams and includes 12 chargers across six wind
farm facilities in Texas, Oklahoma and Illinois
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leader in vehicle electrification solutions for commercial and
municipal fleets, today announced it has completed installation on
a series of charging station deployments for Apex Clean Energy
(“Apex”), a leading clean energy company that develops, constructs,
and operates utility-scale wind and solar power facilities
throughout North America.
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XL Fleet has completed installation on a
series of charging station deployments for Apex Clean Energy, a
leading clean energy company that added ten pickups equipped with
XL Fleet plug-in hybrid electric drive systems earlier this year.
(Photo: Business Wire)
The deployment includes 12 dual-port, level 2 chargers that were
installed at six different wind farm facilities across Texas,
Oklahoma and Illinois. The charging infrastructure has been added
to power ten Ford F-series pickups equipped with XL Fleet plug-in
hybrid electric drive systems that Apex deployed in its service
fleet earlier this year, which was previously announced on April 7.
In addition, the stations are intended to prepare the facilities
for additional EV investments moving forward as Apex continues to
invest in meeting its sustainability goals through vehicle
electrification.
Installation was managed by the World Energy Efficiency Services
team that joined the XL Grid business as a wholly owned subsidiary
of XL Fleet in May, extending the Company’s electrification
solutions to include a comprehensive and integrated suite of hybrid
electric drivetrains, charging infrastructure, and energy
efficiency consulting and project management services.
“Apex continues to invest heavily in our commitment to
sustainability and driving the clean energy economy, and working
with XL Fleet as our electrification partner has enabled us to move
forward quickly on our EV strategy,” said Mark Goodwin, president
and CEO of Apex Clean Energy.
“XL Fleet is committed to helping Apex and other
sustainability-minded companies to accelerate their path to
electrification, even in rural areas where access to EVs has been
extremely limited,” said Eric Tech, CEO of XL Fleet. “This is a
great example of how XL Fleet is leveraging our experience and our
solution suite to help customers remove barriers to
electrification, gain access to charging infrastructure and move
forward on achieving their comprehensive sustainability goals.”
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 170 million miles driven by customers such as The
Coca-Cola Company, Verizon, Yale University and the City of Boston.
XL Fleet’s hybrid and plug-in hybrid electric drive systems can
significantly increase fuel economy and reduce carbon dioxide
emissions, decreasing operating costs and meeting sustainability
goals while enhancing fleet operations. For additional information,
please visit www.xlfleet.com.
About Apex Clean Energy
Apex Clean Energy develops, constructs, and operates
utility-scale wind and solar power facilities across North America.
Our mission-driven team of more than 250 renewable energy experts
uses a data-focused approach and an unrivaled portfolio of projects
to create solutions for the world’s most innovative and
forward-thinking customers. For more information on how Apex is
leading the transition to a clean energy future, visit
apexcleanenergy.com or follow us on Facebook, Twitter, and
LinkedIn.
Forward Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to;
the effects of pending and future legislation; the highly
competitive nature of the Company’s business and the commercial
vehicle electrification market; litigation, complaints, product
liability claims and/or adverse publicity; cost increases or
shortages in the components or chassis necessary to support the
Company’s products and services; the introduction of new
technologies; the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition, regulatory
compliance and customer experience; the potential loss of certain
significant customers; privacy and data protection laws, privacy or
data breaches, or the loss of data; general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability to convert its sales opportunity
pipeline into binding orders; risks related to the rollout of the
Company’s business and the timing of expected business milestones,
including the ongoing global microchip shortage and limited
availability of chassis from vehicle OEMs and our reliance on our
suppliers; the effects of competition on the Company’s future
business; the availability of capital; changes in the preliminary
financial results for the quarter ended September 30, 2021 upon
completion of the Company’s financial closing procedures or upon
review and completion of procedures by the Company’s independent
registered public accounting firm, and the other risks discussed
under the heading “Risk Factors” in the Company’s Annual Report on
Form 10-K filed on March 31, 2021, as amended and supplemented by
the 10-K/A filed May 17, 2021, and other documents that the Company
files with the SEC in the future. If any of these risks materialize
or our assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. These forward-looking statements speak only as of the
date hereof and the Company specifically disclaims any obligation
to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20211221005229/en/
XL Fleet Media: PR@xlfleet.com
XL Fleet Investor: xlfleetIR@icrinc.com
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