Business
Dragonfly Energy Enters the Heavy-Duty Trucking Market with New All-Electric APU to Reduce Fuel Costs and Emissions
The new Battle Born All-Electric APU offers a comprehensive solution to the trucking industry by enabling compliance with increasing anti-idling regulations
About this update from Dragonfly Energy Holdings Corp
[{"type":"text","content":"The new Battle Born All-Electric APU offers a comprehensive solution to the trucking industry by enabling compliance with increasing anti-idling regulations while potentially saving billions of dollars in fuel costs, increasing uptime and payload, and reducing harmful emissions during idle periodsDragonfly Energy has secured pilot programs with fleets representing roughly 15 percent of the North American heavy-duty trucking market RENO, Nev., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries™, now brings its leading energy storage solutions to the heavy-duty trucking industry with the introduction of the new Battle Born All-Electric APU (auxiliary power unit). Dragonfly Energy's advanced lithium-ion battery system provides ample wattage to run auxiliary power on trucks, even when such trucks are not running. This transition to lithium-based APU systems presents a significant opportunity for the trucking industry to potentially save billions of dollars on fuel costs and reduce harmful emissions during idle periods. “As the trucking industry faces stricter regulations, we believe an all-electric APU is a crucial first step in reducing fuel consumption and emissions,” said Wade Seaburg, Chief Revenue Officer of Dragonfly Energy. “We are entering this growing market and have secured pilot programs with fleets representing roughly 15 percent of the North American heavy-duty trucking market. We believe this is a significant opportunity for Dragonfly Energy to diversify and grow its revenue while providing a compelling return on investment to fleet operators.” Heavy-duty trucking is a large and growing market, and Dragonfly Energy believes it is well-positioned to capitalize on this growth. The Company is leveraging its experience, having deployed hundreds of thousands of systems in adjacent markets, to produce APU systems that are ideal for heavy-duty trucks. The Battle Born All-Electric APU is a more reliable, efficient, and environmentally friendly way to power the hotel loads on sleeper trucks used in long haul trucking as compared to traditional lead-acid batteries. Sleeper trucks are an essential part of the trucking industry, and they play a vital role in the transportation of goods across the country. “Over the years, there have...