GridMarket Announces EV Transition Initiative with Coast Counties Peterbilt and Ideanomics Energy
June 07 2022 - 10:00AM
GridMarket is thrilled to announce that Coast Counties Peterbilt, a
portfolio of Peterbilt truck dealerships in California, will be
deploying solar, battery storage, and EV charging stations at an
initial four sites across the state. The projects were facilitated
and optimized through the GridMarket Platform. Ideanomics Energy
was selected through GridMarket’s competitive process and
marketplace to implement and operate the projects.
"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," said
Craig Archer, President of Coast Counties Peterbilt. "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." |
GridMarket has been working with Coast Counties Peterbilt since
2021. The relationship initially began with the application of
GridMarket’s platform to assess project feasibility and recommend
energy solutions. From there, the GridMarket team worked closely
with Coast Counties Peterbilt to optimize viable microgrid projects
that aligned with site-specific needs and electrification
goals.
Projects at the Coast Counties Peterbilt dealerships will
include an optimized mix of solar PV and battery storage, paired
with 5 DC-fast chargers at each site. Each system will benefit from
the federal ITC, the CA SGIP, and the CA EV charging incentive
programs, providing significant cost savings to the customer, a
competitive IRR, and carbon reduction benefits.
“There is tremendous momentum in the current electric vehicle
market,” said Peter Schneider, Director of Sales and Project
Management at GridMarket. “Leading providers are transitioning
fleets. However, electrification must be done in coordination with
existing infrastructure to account for increased demand. Coast
Counties Peterbilt has been an incredible partner to work with. The
team is eager to take advantage of available opportunities, and the
planned installations will maximize value, align with corporate
goals, and meet electrification targets.” |
GridMarket’s end to end process empowers customers to understand
the complete breadth of their opportunity and then choose the
best-fit vendor or vendors to service their needs. By running an
RFP to solicit responses from any interested vendors, customers are
able to compare all viable options, structures, and partners. For
Coast Counties Peterbilt, Ideanomics ultimately offered a
cost-competitive and streamlined turn-key process that aligned with
the near and long-term needs and goals of each site.
As the one-stop charging and energy partner, Ideanomics Energy
offers everything from agnostic energy management software with
modular charging and energy solutions - including WAVE's high-power
wireless charger - as well as a broad range of services from
initial planning, engineering, and installation to operations and
maintenance of the deployed energy assets. The business division
aligns with the existing Ideanomics Mobility and Ideanomics Capital
divisions. Ideanomics Energy simplifies EV charging and energy
strategies for fleets, providing software and hardware which grow
with the customers' operations and electrification targets.
"It is important to install reliable infrastructure that fits to
the specific strategy and needs of individual fleet customers,"
said Jan Freimann, Vice President of Energy Services at Ideanomics.
"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." |
To learn more about the project and other similar projects
through the GridMarket platform or to see what GridMarket can do
for your business, please click here.
Press ContactJillian
Caramanna-SeymourGridMarket,
LLCJillian.Caramanna@gridmarket.com
About GridMarketGridMarket is an energy project
optimization platform and global marketplace leveraging big data
and artificial intelligence to accelerate the global energy
transition. Working with property portfolio, individual energy
consumers, governments, and utilities around the world, GridMarket
identifies and tailors best-fit energy projects, engages top-tier
global solution providers, and mobilizes financial markets to help
partners meet energy and net-zero carbon targets. GridMarket has a
substantial global pipeline and portfolio of successful projects,
spanning diverse customer types and geographic regions. GridMarket
uses its platform to open up new markets and facilitate distributed
energy deployment through automation, predictive analytics, remote
digital capabilities, and dynamic stakeholder engagement tools.
About PeterbiltCoast Counties Peterbilt is a
family-owned and operated full-service truck and trailer dealership
founded in 1949 and headquartered in San Jose, California. We
provide our customers throughout Northern & Central California
with a full line of services including new and used truck &
trailer sales, full maintenance leasing, truck rentals, parts
sales, service for all makes of trucks & trailers, complete
finance portfolio for new and used trucks & trailers, financing
for major equipment purchases, such as engines, transmissions and
diesel particulate filters. We also have a truck and trailer body
shop with a 70' paint booth at our San Leandro location. Come visit
one of our 6 Peterbilt, PacLease and Landoll full-service locations
for all of your truck-related needs and thank you for your valued
business.
About IdeanomicsIdeanomics (NASDAQ: IDEX) is a
global group with a simple mission: to accelerate the commercial
adoption of electric vehicles. By bringing together vehicles and
charging technology with design, implementation, and financial
services, we provide the completeness of solutions needed for the
commercial world to commit to an EV future. To keep up
with Ideanomics, please follow the company on social @ideanomicshq
or visit: https://ideanomics.com.
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