PORTLAND, Ore., Dec. 1, 2020 /PRNewswire/ -- Portland
General Electric (NYSE: POR) and Daimler Trucks North America
(DTNA) today announced the co-development of "Electric Island," a
large public charging site for medium- and heavy-duty electric
commercial vehicles expected to be the first of its kind in
the United States. Electric Island
will help accelerate the development, testing and deployment of
zero emissions (tank to wheel) commercial vehicles.
The site is under construction now near DTNA headquarters in
Portland and is designed to
support up to nine vehicle charging stations with charging levels
of up to greater than one megawatt by spring of 2021. Electric
Island will provide DTNA, PGE and the public the opportunity to
charge light-, medium-, and heavy-duty vehicles. Plans for more
chargers, on-site energy storage, solar power generation, and a
product and technology showcase building are currently being
finalized. Electric Island aims to address the intersection of
vehicles and the grid, creating new opportunities for future EV
drivers and utility customers. Powered by DTNA's enrollment in
PGE's Green Future Impact renewable energy program, the site will
be greenhouse gas emissions-free, including all vehicle
charging.
Roger Nielsen, president and
CEO of DTNA, said, "In cooperation with PGE, and with the plan
to expand electric vehicle charging right here in Portland to support not only our EV charging
needs, but those of other drivers in the area, we are paving the
way to a brighter, cleaner CO₂-neutral future. As the largest
manufacturer of commercial vehicles, we can accelerate this shift
and are excited to address, holistically, the complete EV
ecosystem. Daimler Trucks has made Portland our home for the past 73 years and
having been born and raised in Oregon, I am incredibly proud to help make
Swan Island an Electric
Island."
Maria Pope, president and CEO
of PGE, said, "Oregon's
transportation future is electric, and with global leaders like
Daimler Trucks North America right here in Portland, we have the opportunity to
accelerate a clean energy transition. We are excited to launch this
cutting-edge partnership with DTNA, demonstrating what is possible
when utilities and the automotive industry collaborate and
innovate."
Electric Island is designed to inform both DTNA's work in
commercial electric vehicle development and PGE's work in meeting
customer charging needs. The project will inform each company's
efforts by studying the future of heavy-duty charging,
including:
- Use of vehicle chargers featuring power delivery of up to over
one megawatt (over 4 times faster than today's fastest light-duty
vehicle chargers), enabling PGE and DTNA to develop best practices
for cost-effective future deployments;
- Integration of heavy-duty charging technology into PGE's Smart
Grid, such as vehicle-to-grid technologies, second-life use of
Daimler's battery packs, and onsite energy generation; and
- Testing information technology opportunities like fleet and
energy management by captive solutions and services.
About Portland General Electric Company
Portland
General Electric (NYSE: POR) is a fully integrated energy company
based in Portland, Oregon, with
operations across the state. The company serves approximately
900,000 customers with a service area population of 2 million
Oregonians in 51 cities. PGE has 16 generation plants in five
Oregon counties, and maintains and
operates 14 public parks and recreation areas. For over 130 years,
PGE has delivered safe, affordable and reliable energy to
Oregonians. Together with its customers, PGE has the No. 1
voluntary renewable energy program in the U.S. PGE and its 3,000
employees are working with customers to build a clean energy
future. In 2019, PGE, employees, retirees and the PGE Foundation
donated $4.3 million and volunteered
32,900 hours with more than 700 nonprofits across Oregon. For more information
visit portlandgeneral.com/news.
About Daimler Trucks North America
Daimler Trucks
North America LLC, headquartered in Portland, Ore., is the leading heavy-duty
truck manufacturer in North
America. It manufactures, sells, and services commercial
vehicles under the Freightliner, Western Star, Detroit, and Thomas Built Buses nameplates.
Daimler Trucks North America is a Daimler company.
Safe Harbor Statement
Statements in this news release
that relate to future plans, objectives, expectations, performance,
events and the like may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements made in this press release include
statements regarding the potential benefits of the Electric Island
Project and the future implementation of the project, as well as
other statements containing words such as "anticipates,"
"believes," "intends," "estimates," "promises," "expects,"
"should," "conditioned upon," and similar expressions. Investors
are cautioned that any such forward-looking statements are subject
to risks and uncertainties, including failure to complete capital
projects on schedule or within budget, or the abandonment of
capital projects; changes in capital market conditions, which could
affect the availability and cost of capital and result in delay or
cancellation of capital projects; the outcome of various legal and
regulatory proceedings; general economic and financial market
conditions; and the cost and availability of services, products and
technology. As a result, actual results may differ materially from
those projected in the forward-looking statements. All
forward-looking statements included in this news release are based
on information available to the company on the date hereof and such
statements speak only as of the date hereof. The company expressly
disclaims any current intention to update publicly any
forward-looking statement after the distribution of this release,
whether as a result of new information, future events, changes in
assumptions or otherwise. Prospective investors should also review
the risks, assumptions and uncertainties listed in the company's
most recent annual report on form 10-K and in other documents that
we file with the United States Securities and Exchange Commission,
including management's discussion and analysis of financial
condition and results of operations and the risks described therein
from time to time.
POR
Contacts:
Elizabeth
Lattanner, Portland General Electric
Elizabeth.lattanner@pgn.com; 503-464-7016
Fred Ligouri, Daimler Trucks
North America
Fred.ligouri@daimler.com; 971-990-3024
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SOURCE Portland General Company