Pioneer Power and SparkCharge Charge Ahead with Technology Alliance, Boosting Market Potential
Pioneer Power Solutions (Nasdaq: PPSI) has announced a strategic partnership with SparkCharge to integrate Pioneer's e-Boost mobile EV charging solution with SparkCharge's battery energy storage systems. The collaboration aims to drive widespread adoption of mobile EV charging and accelerate technological advancements in the industry. Key points include:
- Pioneer will deliver up to 12 e-Boost rental units over the next 12 months, starting Q4 2024
- Pioneer will receive a per kilowatt hour usage fee and monthly rental fee
- The companies will develop new innovative units combining e-Boost's on-site generating capabilities with SparkCharge's zero-emission technology
- They plan to market their platforms together for large fleet customers
- The partnership is expected to introduce a first-of-its-kind, mobile Distributed Energy Resource (mDER)
The collaboration will be showcased at the GWRCCC Conference & Expo on October 6, 2024, in Greenbelt, Maryland.
Pioneer Power Solutions (Nasdaq: PPSI) ha annunciato una partnership strategica con SparkCharge per integrare la soluzione di ricarica mobile per veicoli elettrici e-Boost di Pioneer con i sistemi di accumulo energetico a batteria di SparkCharge. La collaborazione mira a promuovere l'adozione diffusa della ricarica mobile per veicoli elettrici e ad accelerare i progressi tecnologici nel settore. I punti chiave includono:
- Pioneer fornirà fino a 12 unità di noleggio e-Boost nei prossimi 12 mesi, a partire dal Q4 2024
- Pioneer riceverà una tariffa per utilizzo per kilowattora e una tariffa mensile di noleggio
- Le aziende svilupperanno nuove unità innovative combinando le capacità generative sul campo di e-Boost con la tecnologia a zero emissioni di SparkCharge
- Hanno in programma di commercializzare insieme le loro piattaforme per grandi clienti di flotte
- Si prevede che la partnership introduca una risorsa energetica distribuita mobile (mDER) unica nel suo genere
La collaborazione sarà presentata alla GWRCCC Conference & Expo il 6 ottobre 2024, a Greenbelt, Maryland.
Pioneer Power Solutions (Nasdaq: PPSI) ha anunciado una asociación estratégica con SparkCharge para integrar la solución de carga móvil para vehículos eléctricos e-Boost de Pioneer con los sistemas de almacenamiento de energía en batería de SparkCharge. La colaboración tiene como objetivo impulsar la adopción generalizada de la carga móvil para vehículos eléctricos y acelerar los avances tecnológicos en la industria. Los puntos clave incluyen:
- Pioneer entregará hasta 12 unidades de alquiler e-Boost en los próximos 12 meses, comenzando en el Q4 de 2024
- Pioneer recibirá una tarifa por uso por kilovatio-hora y una tarifa mensual de alquiler
- Las empresas desarrollarán nuevas unidades innovadoras que combinan las capacidades de generación in situ de e-Boost con la tecnología de cero emisiones de SparkCharge
- Planean comercializar sus plataformas juntas para grandes clientes de flotas
- Se espera que la asociación introduzca un recurso energético distribuido móvil (mDER) sin precedentes
La colaboración se exhibirá en la GWRCCC Conference & Expo el 6 de octubre de 2024, en Greenbelt, Maryland.
파이오니어 파워 솔루션스(Nasdaq: PPSI)가 스파크차지와 전략적 파트너십을 발표하여 파이오니어의 e-Boost 모바일 전기차 충전 솔루션을 스파크차지의 배터리 에너지 저장 시스템과 통합합니다. 이 협업은 모바일 전기차 충전의 광범위한 채택을 촉진하고 업계의 기술 발전을 가속화하는 것을 목표로 하고 있습니다. 주요 사항은 다음과 같습니다:
- 파이오니어는 2024년 4분기부터 시작하여 향후 12개월 동안 최대 12대의 e-Boost 임대 장치를 제공합니다.
- 파이오니어는 킬로와트시 사용 요금 및 월 임대료를 수령합니다.
- 두 회사는 e-Boost의 현장 생성 능력과 스파크차지의 제로 배출 기술을 결합한 새로운 혁신적인 장치를 개발합니다.
- 대형 차량 고객을 위해 그들의 플랫폼을 함께 마케팅할 계획입니다.
- 이 파트너십은 획기적인 모바일 분산에너지 자원(mDER)을 도입할 것으로 예상됩니다.
이 협업은 2024년 10월 6일 메릴랜드주 그린벨트에서 열리는 GWRCCC 컨퍼런스 및 엑스포에서 공개될 예정입니다.
Pioneer Power Solutions (Nasdaq: PPSI) a annoncé un partenariat stratégique avec SparkCharge pour intégrer la solution de recharge mobile pour véhicules électriques e-Boost de Pioneer avec les systèmes de stockage d'énergie à batterie de SparkCharge. La collaboration vise à favoriser l'adoption généralisée de la recharge mobile pour véhicules électriques et à accélérer les avancées technologiques dans l'industrie. Les points clés incluent :
- Pioneer fournira jusqu'à 12 unités de location e-Boost au cours des 12 prochains mois, à partir du quatrième trimestre 2024.
- Pioneer recevra des frais d'utilisation par kilowattheure et des frais de location mensuels.
- Les entreprises développeront de nouvelles unités innovantes combinant les capacités de génération sur site d'e-Boost avec la technologie zéro émission de SparkCharge.
- Elles prévoient de commercialiser leurs plateformes ensemble pour des clients de grandes flottes.
- Le partenariat devrait introduire une ressource énergétique distribuée mobile (mDER) sans précédent.
La collaboration sera présentée lors de la GWRCCC Conference & Expo le 6 octobre 2024, à Greenbelt, Maryland.
Pioneer Power Solutions (Nasdaq: PPSI) hat eine strategische Partnerschaft mit SparkCharge angekündigt, um die mobile EV-Ladelösung e-Boost von Pioneer mit den Batteriespeichersystemen von SparkCharge zu integrieren. Die Zusammenarbeit zielt darauf ab, die breite Akzeptanz der mobilen EV-Ladung voranzutreiben und technologische Fortschritte in der Branche zu beschleunigen. Die wichtigsten Punkte sind:
- Pioneer wird in den nächsten 12 Monaten bis zu 12 e-Boost Mietgeräte bereitstellen, beginnend im 4. Quartal 2024.
- Pioneer erhält eine Gebühr pro Kilowattstunde und eine monatliche Mietgebühr.
- Die Unternehmen werden neue innovative Einheiten entwickeln, die die Vor-Ort-Generierungsfähigkeiten von e-Boost mit der emissionsfreien Technologie von SparkCharge kombinieren.
- Sie planen, ihre Plattformen gemeinsam für große Flottenkunden zu vermarkten.
- Die Partnerschaft soll eine neuartige mobile Distributed Energy Resource (mDER) hervorbringen.
Die Zusammenarbeit wird auf der GWRCCC-Konferenz & Expo am 6. Oktober 2024 in Greenbelt, Maryland, vorgestellt.
- Strategic partnership with SparkCharge to integrate e-Boost with battery energy storage systems
- Agreement to deliver up to 12 e-Boost rental units over 12 months, starting Q4 2024
- Pioneer to receive per kilowatt hour usage fee and monthly rental fee
- Development of new innovative units combining e-Boost and SparkCharge technologies
- Joint marketing of platforms for large fleet customers
- Introduction of a first-of-its-kind, mobile Distributed Energy Resource (mDER)
- Potential to accelerate EV adoption and expand customer base
- None.
Insights
This collaboration between Pioneer Power and SparkCharge presents a potentially significant opportunity for both companies. The agreement for Pioneer to deliver up to 12 e-Boost rental units over the next year, starting Q4 2024, introduces a new revenue stream with both usage-based and recurring components. This dual-revenue model could provide more stable and predictable income for Pioneer.
The partnership also opens doors to new market segments, particularly in the growing EV charging space. By combining Pioneer's power generation expertise with SparkCharge's mobile battery technology, they're creating a unique offering that could capture a significant share of the mobile EV charging market. However, investors should note that the financial impact may not be immediate, as deliveries won't start until late 2024.
While this news is promising, it's important to consider the execution risks and potential competition in this rapidly evolving sector. The success of this venture will depend on the companies' ability to deliver on their innovation promises and effectively market their combined solution.
The collaboration between Pioneer Power and SparkCharge represents a significant technological advancement in the mobile EV charging sector. By integrating Pioneer's e-Boost with SparkCharge's battery systems, they're creating a hybrid solution that combines on-site power generation with mobile battery technology. This could potentially solve two major issues in EV charging: grid dependency and mobility.
The planned development of a mobile Distributed Energy Resource (mDER) is particularly intriguing. This could revolutionize edge-to-grid capabilities, providing a flexible and resilient power solution for various applications, from fleet charging to disaster recovery. The focus on IoT technologies and data analytics for product development also suggests a forward-thinking approach to innovation in this space.
However, the technical challenges of integrating these different technologies shouldn't be underestimated. The success of this venture will heavily depend on the companies' ability to overcome these challenges and deliver a seamless, efficient solution.
This partnership taps into several growing market trends in the EV and energy sectors. The mobile EV charging market is expanding rapidly, driven by the need for flexible charging solutions. By combining their technologies, Pioneer and SparkCharge are positioning themselves to capture a significant share of this market.
The Charging-as-a-Service (CaaS) model aligns with the broader shift towards service-based offerings in various industries. This could provide a more attractive proposition for customers, potentially accelerating EV adoption rates. The focus on serving diverse segments, including consumer vehicles, heavy-duty trucks and off-road applications, indicates a comprehensive market approach.
However, the market response to this integrated solution remains to be seen. While the concept is promising, customer acceptance and adoption rates will be important factors to monitor. Additionally, as the EV charging market matures, competition is likely to intensify, which could impact the long-term success of this partnership.
e-Boost Teams Up with SparkCharge to Bolster its Drive towards a Net Zero Future
SparkCharge’s V3 Roadie for Charging-as-a-Service (Photo: Business Wire)
Initially, 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.
Founded 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
Joshua Aviv, Founder and CEO of SparkCharge, said, “By integrating our technology with Pioneer’s e-Boost technology, we are taking a significant leap forward in the mobile EV charging industry. This collaboration not only enhances our EV Charging-as-a-Service model, but also accelerates our shared vision of a more accessible and sustainable future for electric vehicle charge.”
Meanwhile, Pioneer's e-Boost solution has experienced remarkable growth since launching in November 2021 with innovative off-grid, sustainable and on-demand EV charging solutions that cater to a diverse range of segments, including consumer vehicles, heavy-duty truck charging, electric transit buses, electric school buses and off road and leisure craft applications. Pioneer believes that collectively, these innovations have accelerated the transition to electric transportation, empowering countless customers to embrace a more sustainable future.
Pioneer believes that its use of SparkCharge’s equipment is poised to revolutionize the EV charging industry with a pioneering edge-to-grid EV charging hub concept, which Pioneer believes should set a new industry standard for speed and innovation, while lowering delivery costs. By boosting recharging efficiency, Pioneer aims to elevate customer reach and satisfaction, enabling the company to serve a growing customer base, which will drive up demand exponentially for additional e-Boost units to support this accelerating growth.
Leveraging Pioneer's expertise in energy distribution and microgrid solutions, this partnership is expected to introduce a first-of-its-kind, mobile Distributed Energy Resource (“mDER”) that enhances edge-to-grid capabilities. Pioneer anticipates that this mDER offering will be particularly impactful for large customers seeking long-term, affordable and sustainable energy resilience. Moreover, the benefits of this solution are expected to extend to rural, disadvantaged and disaster recovery communities, where reliable and resilient energy access is crucial. Pioneer believes this is a game-changing solution that will dramatically accelerate EV adoption timelines, thereby enabling customers to achieve sustainability goals with unprecedented ease.
Josh Aviv, President and CEO of SparkCharge, commented, “Customers, especially fleets, often struggle with getting access to robust grid power in their EV transformation. A unifying, charging hub can provide a single source for all vehicle types to charge without a major investment in proprietary platforms and costly infrastructure. We believe our partnership with Pioneer will elevate our CaaS model while scaling our revenue with a solution that cannot be matched in the industry.”
Geo Murickan, President of Pioneer eMobility, added, “e-Boost’s partnership with SparkCharge illustrates our ongoing commitment to providing best-in-class solutions that empower customers and support our shared vision of driving the EV industry forward through innovation and collaboration. Together, we are not just addressing current market needs, we are shaping the future of technology in mobile EV charging.”
Furthermore, e-Boost and SparkCharge are committed to driving innovation in the mobile EV charging sector, leveraging their combined expertise in IoT technologies, extensive EV charging datasets and advanced analytics. By harnessing these capabilities, they aim to design and develop products that are not only more effective and efficient but also more sustainable, which would set new standards for the industry.
This novel collaboration between e-Boost and SparkCharge will be showcased on October 6, 2024, during GWRCCC, the Greater Washington Region Clean Cities Coalition’s 2024 Conference & Expo in
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, refurbishment, service and distribution of electric power systems, distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions. The Company has been aggressively marketing e-Boost to electric bus and truck manufacturers, fleet management companies, municipalities and EV infrastructure providers since its initial launch in November 2021.
About SparkCharge
SparkCharge created the first portable and grid-free DC fast charger, the Roadie Portable, and the world's largest mobile electric vehicle charging network. This network is now a reality due to three key factors: hardware, software, and brilliant customers. The Roadie charging system is a portable, powerful, and modular charging solution that makes DC fast charging possible anywhere regardless of infrastructure. The SparkCharge Mobile app and EV power delivery service allows EV drivers to have their vehicle charged wherever and whenever they want. To learn more about SparkCharge, go to: www.SparkCharge.io.
Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company’s operating results, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (v) the Company’s dependence on two customers for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company’s ability to realize revenue reported in the Company’s backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the liquidity and trading volume of the Company’s common stock, (xii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiii) risks associated with litigation and claims, which could impact our financial results and condition, (xiv) the Company’s ability to deliver its orders to customers on a timely manner, (xv) the success of the Company’s partnership with SparkCharge and its anticipated results and (xvi) the Company’s ability to regain and maintain compliance with the continued listing requirements of the Nasdaq Capital Market.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240814460925/en/
Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
brett@haydenir.com
Miranda Maitino, Sales & Marketing Manager
SparkCharge
617-925-5726
miranda@sparkcharge.io
Source: Pioneer Power Solutions, Inc.
FAQ
What is the partnership between Pioneer Power Solutions (PPSI) and SparkCharge?
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