- The proposed project includes opportunities for the
deployment of 1,000 electric vehicle charging stations and
leverages strategic location of UBS Arena to service consumer EVs
during events and fleet EVs during off-hours
- Deployment would be one of the largest EV charging sites in
the United States
- XL Fleet will also explore solar and energy storage to help
meet sustainability goals of UBS Arena
- Agreement introduces new segment for XL Fleet that can be
replicated at other large venues and facilities across the
country
XL Fleet, a leader in vehicle electrification solutions, has
reached a strategic partnership with UBS Arena and the New York
Islanders that includes the opportunity to explore the deployment
and operation of 1,000 electric vehicle charging stations at the
new UBS Arena, New York’s next premier entertainment and sports
venue and future home of the New York Islanders. The 43-acre site
has the potential to become one of the largest electric vehicle
charging sites in the United States, with an optimal location in
the metropolitan New York region near both LaGuardia and JFK
Airports. The partnership will enable UBS Arena with the
opportunity to explore XL Fleet’s leading suite of electrification
solutions to quickly and cost effectively deploy a large-scale EV
infrastructure for a wide range of users, including arena guests
and nearby fleets who can charge during off-peak hours.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210225005372/en/
Photo Credit: UBS Arena Project
https://ubsarena.com/
UBS Arena is being developed in partnership with Oak View Group,
LLC, founding partner of the Arena Alliance, a consortium of over
35 arenas and stadiums across the U.S. In 2021, the Islanders will
move to UBS Arena, which will be the first venue of its kind in New
York built to achieve LEED V4 standards while featuring
state-of-the-art sustainable technology.
This partnership enables the Arena to provide patrons and
employees access to EV charging while utilizing its expansive and
strategically located footprint and utility infrastructure to help
meet the growing demand for EV charging in the New York
metropolitan region. To support this project, XL Fleet will
leverage the breadth of its full electrification portfolio,
including its XL Grid division launched in December 2020. XL Fleet
plans to deploy and manage a robust suite of electrification
infrastructure, including solar power generation, energy storage
and vehicle charging stations, and to equip and deploy fleets of
electric vehicles for use by UBS Arena and the New York
Islanders.
“UBS Arena and the New York Islanders are forward-thinking
sustainability leaders, building the infrastructure to support the
current and rapidly growing demand for vehicle electrification and
charging stations in the area,” said Tod Hynes, Founder &
President of XL Fleet. “This location provides an opportunity to
deploy critical EV infrastructure in a very capital efficient
manner that can be replicated across similar facilities throughout
the country.”
“Lack of access to charging infrastructure is one of the top
obstacles to electrifying more vehicles, and we are proud to
partner with UBS Arena and the Islanders to solve that problem more
quickly in the New York metropolitan area,” said Colleen Calhoun,
Vice President and General Manager of XL Fleet’s XL Grid division.
“Through this partnership, we can help optimize access to charging
infrastructure and scale that capacity as the need grows.”
“Partnering with XL Fleet to advance our electric vehicle
infrastructure illustrates the groundbreaking work being done at
UBS Arena to prioritize sustainability throughout our operations,”
said Hank Abate, President of Arena Operations at UBS Arena. “XL
Fleet’s ability to provide a full scope of electrification services
will be a huge advantage for our patrons as well as the commercial
and municipal fleets in the surrounding communities who could rely
on this infrastructure.”
About XL Fleet
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 145 million miles driven by customers such as The
Coca-Cola Company, Verizon, Yale University and the City of Boston.
XL Fleet offers a full suite of electrification solutions that
includes electrified powertrains, charging infrastructure, power
management and fleet intelligence data. XL Fleet’s electric drive
systems are proven to substantially increase fuel economy and
reduce carbon dioxide emissions while helping customers reduce
costs and meet sustainability goals. For additional information,
please visit www.xlfleet.com.
About the UBS Arena Project
UBS Arena is New York’s next premier entertainment and sports
venue and future home of the New York Islanders. Located at Belmont
Park in Elmont, New York, the state-of-the-art facility will open
for the 2021-22 National Hockey League season and host more than
150 major events annually. The significant redevelopment project is
expected to create 10,000 construction jobs and 3,000 permanent
jobs, generating approximately $25 billion in economic activity
over the term of its lease.
Developed in partnership with Oak View Group, the New York
Islanders, and Sterling Project Development, UBS Arena is poised to
be one of the area’s – and the nation’s – most prestigious and
appealing venues for musical acts, events and performers of all
genres, and will create the best and most unique entertainment
experience for artists and audiences alike. The 19,000-seat venue
is being constructed with a fan-first approach that leverages
sophisticated engineering acoustics to amplify the audio
experience, high-resolution LED displays and will include the
largest scoreboard in New York.
UBS Arena will offer the highest-end amenities and customer
service, through VIP suites and clubs that merge boutique
hospitality with live entertainment. Clubs and suites will have a
timeless design inspired by classic, well-known New York
establishments and will offer premier views of the bowl.
Complementing UBS Arena, Belmont Park’s campus will comprise
315,000 square feet of luxury retail and will include a 4-star
boutique hotel with approximately 200 rooms.
UBS Arena is being built to achieve Leadership in Energy and
Environmental Design (LEED v4) standards for Building Design and
Construction. In an effort to build a greener future, UBS Arena is
working with world-class sustainability experts to minimize the
environmental impact of the venue and become a zero waste facility,
utilizing renewable energy sources and reducing water and
electricity consumption.
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
failure to realize the anticipated benefits from the business
combination; 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;
the effects of competition on the Company’s future business; the
availability of capital; and the other risks discussed under the
heading “Risk Factors” in the definitive proxy statement/prospectus
filed on December 8, 2020 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210225005372/en/
XL Fleet Media Contact: Eric Foellmer PR@xlfleet.com
Investor Contact: Marc Silverberg, Partner (ICR)
xlfleetIR@icrinc.com
UBS Arena Project Contact: Jay Beberman 609-947-0358
Jay.beberman@newyorkislanders.com
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