Heritage Environmental Services and Romeo Power Launch Commercial Fleet Electrification Program
January 04 2021 - 7:00AM
Business Wire
Romeo Power to Electrify 500 Heritage
Environmental Services Trucks with US Ecology to Participate as
Program Observer
Heritage Environmental Services, Inc. (“HES”), a leader in
environmental and recycling services, and Romeo Power, Inc. (“Romeo
Power”) (NYSE: RMO), an energy technology leader delivering
large-scale electrification solutions for complex commercial
applications, announced today that they have launched a program to
select fleet electrification partners to execute on HES’s fleet
electrification strategy. HES and Romeo Power intend to select
leading edge commercial Battery Electric Vehicle (BEV) value chain
participants such as Original Equipment Manufacturers (OEMs),
integrators and ePowertrain providers, to participate in the
program. The goal is to enter into long-term production
partnerships with program participants that deliver the best
solution for Heritage’s requirements. All participants will be
required to utilize Romeo Power’s energy technology and battery
management system in their vehicle offerings.
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HES and its affiliates intend to purchase 500 BEVs for fleet
implementation between 2022 and 2025, with the ultimate goal of
electrifying up to 2,000 trucks over time. The program will
commence with the selection of partners in Q1 2021 with the
expectation that HES will begin to take vehicle deliveries during
2022.
In addition, US Ecology Inc. (NASDAQ-GS: ECOL), a leading
provider of environmental services, also agreed to participate as
an observer to the Heritage – Romeo Power fleet electrification
program. The program’s key performance metrics will be shared with
US Ecology as they consider electrification solutions for their
fleet of 1,100 trucks.
“The launch of our fleet electrification program with Romeo
Power marks an important step in our fleet electrification strategy
as we seek to find the safest, most reliable, efficient and
greenest solution,” commented Jeff Laborsky, President and CEO of
HES.
“We are appreciative of HES’s continued commitment to
collaborate with Romeo Power in a variety of ways, and we look
forward to leveraging our battery expertise to identify the optimal
partners for all aspects of their electrification initiatives,”
remarked Lionel Selwood, Jr., Chief Executive Officer of Romeo
Power.
“We are honored to have been invited to participate in this
innovative program. US Ecology operates a fleet of over 1,100
trucks, creating a significant opportunity to reduce our carbon
footprint. We look forward to assessing this technology and
analyzing the results of this exciting study as we evaluate how US
Ecology can reduce greenhouse gas emissions and environmental
impacts from our operations,” remarked Simon Bell, Executive Vice
President and Chief Operating Officer of US Ecology.
Through its industry-leading technology and energy dense battery
packs, Romeo Power enables large-scale sustainable transportation
by delivering safer, longer lasting batteries with extended range
and shorter charge times. The company has a 7 GWh-capable
manufacturing facility in Los Angeles, California. Romeo Power’s
immediate mission is to electrify the entire industrial
transportation sector. 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
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 Heritage Environmental Services, Inc.
Heritage Environmental Services is a privately held,
family-owned environmental services business with more than 1,600
employees across North and Central America. The company provides a
full suite of tailored solutions from emergency response, waste
disposal, and sustainability services to on-site support and
technical solutions to thousands of customers in hundreds of
industries and verticals. Throughout its 50-year history, Heritage
Environmental Services has prioritized the safety of its employees
while pursuing its purpose of protecting human health and the
environment.
About US Ecology Inc.
US Ecology, Inc. (NASDAQ-GS: ECOL) is a leading provider of
environmental services to commercial and government entities. The
company addresses the complex waste management and response needs
of its customers offering treatment, disposal and recycling of
hazardous, non-hazardous and radioactive waste, leading emergency
response and standby services, and a wide range of complementary
field and industrial services.
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Romeo Power For Investors ICR, Inc.
RomeoPowerIR@icrinc.com
For Media ICR, Inc. RomeoPowerPR@icrinc.com
Heritage Environmental Services, Inc.
https://www.heritage-enviro.com/contact/ Attention: Ali Alavi (877)
436-8778
US Ecology, Inc. Alison Ziegler Darrow Associates (201)
220-2678 aziegler@darrowir.com
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