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Pioneer Power and SparkCharge Charge Ahead with Technology Alliance, Boosting Market Potential
e-Boost Teams Up with SparkCharge to Bolster its Drive towards a Net Zero Future FORT LEE, N.J.--(BUSINESS WIRE)-- Pioneer Power Solutions, Inc. (Nasdaq:
About this update from Pioneer Power Solutions, Inc.
[{"type":"text","content":"\ne-Boost Teams Up with SparkCharge to Bolster its Drive towards a Net Zero Future\n\n\n FORT LEE, N.J.--(BUSINESS WIRE)--\nPioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced a groundbreaking collaboration with SparkCharge, Inc. (“SparkCharge”), an EV charging delivery service. Through this collaboration, Pioneer's e-Boost, a leading off-grid, sustainable mobile EV charging solution, will be integrated with SparkCharge's innovative mobile battery energy storage systems. This strategic partnership, one of the first in the industry, combines Pioneer's e-Boost with SparkCharge's EV Charging as a Service (“CaaS”) model with the goal of driving widespread adoption of mobile EV charging with battery energy storage. Together, they aim to unlock new value in the mobile EV charging market and accelerate technological advancements in the industry.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240814460925/en/SparkCharge’s V3 Roadie for Charging-as-a-Service (Photo: Business Wire)\nInitially, Pioneer has agreed to deliver up to 12 e-Boost rental units over the next 12 months beginning in the fourth quarter of 2024. Under the terms of the agreement, Pioneer will receive a per kilowatt hour usage fee in addition to a monthly rental fee. Pioneer and SparkCharge have also agreed to develop new innovative units to market, which will meld the on-site generating and power density of Pioneer’s e-Boost platform with SparkCharge’s zero emission, grid-free mobile battery technology. Pioneer and SparkCharge plan to market their platforms together for certain large fleet customers, providing customers with an integrated, power dense charging as a service offering.\n\n\nFounded in 2017, SparkCharge is a trailblazer in mobile EV charging solutions and one of the earliest marketeers of CaaS. SparkCharge has been at the forefront of driving EV adoption across North America, boasting an industry-leading legacy in off-grid EV charging.\n\n\nJoshua Aviv, Founder and CEO of SparkCharge, said, “By integrating our technology with Pioneer’s e-Boost technology,...