Pioneer Energy Receives $5 Million Order from Main U.S. Metro Transit Authority for EV Bus Charging at A number of Websites

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e-Enhance Chosen to Cost Fleet of New Buses for One of many Largest U.S. Metros; Accelerating Metro’s Transition to All EVs by 2028

FORT LEE, N.J. — Pioneer Energy Options, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Energy” or the “Firm”), a frontrunner within the design, manufacture, service and integration {of electrical} energy programs, distributed vitality sources, energy era tools and cell electrical automobile (“EV”) charging options, at present introduced that it has acquired an order valued over $5 million for its e-Enhance cell electrical automobile charging options from a serious U.S. metro transit authority.

With this order and its present backlog, the Pioneer eMobility enterprise unit is predicted to surpass the 2024 steerage of $10 million in income of cell off-grid EV charging options in 2024. The Firm expects to ship and fee this particular order within the fourth quarter of 2024.

Serving one of many largest metro cities within the U.S., the Transit Authority is led by visionary metropolis management that’s on a mission to decarbonize and sustainably electrify its fleet of transit buses by 2028. Pioneer eMobility was chosen and awarded the contract primarily based on a number of essential standards together with sustainability, product mobility, expertise, energy supply capability, product lead time, design optimization and consultative resolution. The contract contains the acquisition, set up, and upkeep of 4 e-Enhance Cell models in two transit depot areas to allow EV charging of the Transit Authority’s first 24 EV buses.

These e-Enhance Cell models, every with 240kW of onboard energy, will probably be delivered with six offboard cell EV chargers on related skids. The models are designed with the pliability to relocate transit depot operations to a secondary, security website throughout pure catastrophe occasions together with wildfires or flooding. Pioneer’s strong off-grid, cell design gives the Transit Authority 8.4MWh of onboard vitality at every website for EV charging throughout regular operations and the peace of mind of steady operation throughout sudden weather-related occasions or grid congestion at a distant location.

“By offering superior high-capacity cell EV charging options that steadiness sustainability, economic system and practicality, we’re supporting environmentally progressive cities as they undertake and purchase EV transit buses and assist to safe the well being and security of the native residents and bus operators,” mentioned Geo Murickan, President of Pioneer eMobility.”

This order additionally marks one of many first e-Enhance models to be bought by way of Sourcewell, a nationwide, nonprofit service cooperative that serves as a bridge between authorities, schooling, and nonprofit companies and suppliers that supply certified merchandise and options. The e-Enhance product line is now accessible to all municipal and authorities companies on Sourcewell by way of its alliance associate INF Associates Power Options, primarily based in New York and working all through the U.S.

“The notable measurement of this order, coupled with our visibility on extra sizable orders within the gross sales pipeline, clearly demonstrates the traction Pioneer is attaining for our e-Enhance product line,” added Nathan Mazurek, CEO and Chairman of Pioneer. “Transit bus and transportation electrification has been one of many prime priorities and challenges in the previous few years, and this undertaking additional validates how strong and expansive the e-Enhance resolution is nationwide. This would be the second transit depot to be powered up by e-Enhance in 2024 and underscores the broader future for e-Enhance inside the transit business within the U.S.”

The timeline for this undertaking, from approval to funding to execution, is extraordinarily brief and one of many essential causes e-Enhance was chosen. Pioneer eMobility maintains all essential parts with lengthy lead occasions in stock, which has allowed for the quickest lead time for product deployment available in the market. This gives e-Enhance with a transparent market edge and makes Pioneer a dependable associate for purchasers with essential grid hole challenges.

About Pioneer Energy Options, Inc.

Pioneer Energy Options, Inc. is a frontrunner within the design, manufacture, integration, refurbishment, service and distribution of electrical energy programs, distributed vitality sources, energy era tools and cell electrical charging options for functions within the utility, industrial and industrial markets. To be taught extra about Pioneer, please go to its web site at www.pioneerpowersolutions.com.

About INF Associates LLC

INF Associates is a turnkey vitality options agency that provides decarbonization companies in constructing and transportation administration. With a group of licensed engineers, skilled undertaking managers, and operations professionals that present complete companies for Electrical Car Charging Infrastructure, EV Fleet Transition session and implementation, Car to Grid EVSE, MicroGrid and Battery Storage options, Power Effectivity Techniques, LED lighting, and plenty of extra companies. With in-depth expertise in federal and state funding applications to assist scale back the web value of capital (vitality) initiatives to house owners and property managers, the group helps scale back their carbon footprint whereas assembly federal and native necessities for a future powered by inexperienced vitality and sustainability. To be taught extra about INF Associates, please go to its web site at https://www.infassociates.com/

About Sourcewell

Sourcewell is a nonprofit cooperative that helps educators and leaders in native authorities and nonprofit organizations by offering skilled growth, contracted companies, funding, internship reimbursement, facility building, and different wants recognized in collaboration. Sourcewell combines the shopping for energy of greater than 50,000 authorities, schooling, and nonprofit organizations to save lots of its contributors money and time. The cooperative’s buying program manages the solicitation necessities and gives members quick access to a longtime community of awarded contracts. To be taught extra about Sourcewell, please go to its web site at https://www.sourcewell-mn.gov/