Ecolution to Introduce Technology in St. Paul, MN and
Twin Cities Area;
Establish Regional Headquarters
NAPLES, Fla., Dec. 9, 2021 /PRNewswire/ -- Ecolution Power
Company (Ecolution), a clean energy technology company, has signed
an LOI to collaborate with Levo Mobility LLC (Levo) to help create
the first smart city to achieve net-zero carbon emissions.
Ecolution plans to deploy its patented Module Active Response
System (MARS) proof-of-concept in Greenville, SC, followed by a roll-out of its
technology in Minnesota for 2022.
Ecolution's MARS technology harvests kinetic energy from moving
train cars and truck trailers, generating affordable clean
electricity which is downloaded into a micro-grid at the train
station, at buildings in the city, or placed directly into the
central electric grid. This mobilized kinetic energy would
also be sourced to charge electric school buses. There are
approximately 5,000 school buses and 1,000 municipal and mass
transit buses in the Minneapolis-St.
Paul greater area which could transition to zero emission
electric in the future.
Through a dedicated project joint venture which may be funded by
Levo, Ecolution plans to supply St. Paul and the Twin Cities area in Minnesota with electric vehicles and electric
vehicle charging stations powered by its rail-to-grid
technology.
"Harnessing the power of clean energy is critical to building a
sustainable future for our city," said Mayor Melvin Carter. "As we continue this vital work,
we look forward to the opportunity to
welcome Ecolution into our community."
"Trains consume a great deal of energy. Our technology recycles
that energy, and in the process lowers electricity costs and carbon
emissions," said Johanne Medina
Then, CEO and co-founder of Ecolution. "This transformative
process is now becoming reality with the support of our engineering
partners, Day & Zimmermann and KTM Engineering in South Carolina."
Ecolution recently executed a non-binding letter of intent with
Levo whereby Ecolution would seek up to $30
million of capital from Levo to fund the purchase of
electric buses in phase one of the Minnesota project. Ecolution is currently in
the process of establishing a headquarters in St. Paul.
"Levo is committed to reducing CO2 emissions by
leveraging technology and providing an affordable, simple approach
to electrification. We manage the entire, end-to-end process for
our customers so they can electrify quickly and confidently," said
Maggie Clancy, chief commercial
officer of Levo. "Partnering with Ecolution helps us fulfill our
mission in a new, innovative way, and we look forward to working
closely with the Ecolution Power Company and the City of St. Paul to achieve their goals."
"All roads to achieving net-zero-carbon emissions must travel
through the transportation sector," said Craig Bouchard, co-founder & executive
chairman of Ecolution. "This partnership establishes a blueprint
for how a major metropolitan area can achieve the net-zero-carbon
goal."
About Ecolution Power Company
Ecolution is
seeking to become the global transportation industry's largest
source of clean energy. Since its inception in 2016, the
minority-owned company's experienced team of entrepreneurs
developed and patented an innovative method of recycling 'wasted'
kinetic energy from moving vehicles entitled MARS, invented by CTO
and Co-Founder Johnny Then
Gautier. Unlike regenerative braking, this technology
requires no engine. The development of the prototype will enable
municipalities, power, and logistics companies to assess the
benefits of the invention. A lead investor in Ecolution Power
Company is Brown Venture Group, LLC is a venture capital firm
exclusively for Black, Latino, and Indigenous technology
startups. For more information, visit www.ecokwh.com
About Levo Mobility LLC
Levo Mobility LLC (Levo) is a
joint venture formed by Nuvve Holding Corp. (NASDAQ: NVVE),
Stonepeak Partners, and Evolve Transition Infrastructure LP (NYSE:
SMNP) that provides Fleet-as-a-Service (FaaS) solutions enabling
fleets to switch to electric vehicles (EVs) quickly with no upfront
costs and full financing options. For a flat fee, Levo provides
turnkey support including site planning, construction services,
deployment of vehicle-to-grid (V2G)-enabled EVs and associated
charging infrastructure, as well as maintenance and V2G energy
management services to seamlessly transition a customer's fleet to
electric while lowering its total cost of EV operation. Levo
combines Nuvve's proprietary V2G technology, EV OEM partnerships,
and expertise in transportation electrification with substantial
capital and additional resources from Stonepeak and Evolve to
bridge the gap between the need to electrify transportation and the
large upfront investment needed to do so. Levo's mission is to be
the all-in-one partner for fleet electrification while
intelligently integrating EVs into the grid and increasing the
penetration of clean energy sources. For more information visit
www.levomobility.com
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