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Highland Electric Fleets Receives $10.9 Million Cost-share Funding for V2G Integration Project with DOE

Oct 18, 2024•over 1 year ago

Contract Type

partnership

Beverly

Description

The U.S. Department of Energy has awarded approximately $10.9 million in cost-share funding to Highland Electric Fleets for their Scaling Vehicle-to-Grid (V2G) Integration Nationally (SVIN) partnership project, aiming to accelerate V2G adoption across the country. The project involves deploying 14 V2G pilot projects utilizing electric school buses and partnering with 12 utility providers and other supporting partners and educational institutions.

Company Information

Company

Highland Electric Fleets

Location

Beverly, Massachusetts, United States

About

Highland Electric Fleets is a comprehensive turnkey solutions provider that delivers electric school buses (EVSB) to school districts and third-party managed fleet providers (3PMs). We offer a model involving financing, infrastructure, vehicle deployment, and maintenance in an easily digestible, budget-neutral format that enables EVSB acquisition at traditional diesel pricing. Our mission is to eliminate the barriers to better student health and a cleaner environment.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months