Business
£1.475m Electric Bus Repower Contract
£1.475m Electric Bus Repower Contract.
About this update from Equipmake Holdings Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\").\n \nEquipmake Holdings plc\n(\"Equipmake\" or the \"Company\") \n \n£1.475m Electric Bus Repower Contract with Newport Transport \n \nEquipmake, the UK-based engineering specialist pioneering the development and production of electrification products across the automotive, aerospace, bus, and coach industries, is pleased to announce that is has been awarded a £1.475m contract with a new customer, Newport Transport, to repower eight double deck buses, utilising its integrated zero emission drivetrain system.\n \nHighlights\n \n· £1.475m contract to repower eight double deck buses, for use on school and city services throughout the Newport area of South Wales.\n· First Equipmake repowered Newport Transport vehicle is expected to enter service in early 2024 - with all vehicles anticipated to be delivered, and revenue recognised, in the current financial year.\n· Five diesel ADL E400s and three hybrid Volvo B5LHs to be converted to fully electric, in a further utilisation of Equipmake's state-of-the-art, zero emission drivetrain system, encompassing in-house designed battery, motor, inverter and control system.\n· Each B5LH vehicle will have a 218kWh battery system, providing a c.90-mile daily range suitable for school routes, and the E400s will be repowered with a 382kWh battery system, providing a c.150-mile range, suitable for a combination of school and city routes.\n· Each bus conversion is expected to save c.90 tonnes of embedded CO2 in comparison to a newly manufactured electric double deck bus, in total of c.720 tonnes of CO2 saving.\n· Further example of strong market traction in the electrification of commercial vehicles, through the replacement of internal combustion solutions with a zero-emission drivetrain system.\n \nIan Foley, CEO, Equipmake, said: \"We're delighted to partner with Newport Transport, another forward-thinking operator who sees the huge benefits to its business model and the environment of repowering its fleet. It's rewarding to see that our su...