Fort Lee-based Pioneer Power Solutions recently announced that it has received three new orders valued at $3.1 million in the aggregate for its e-Boost mobile electric charging solutions. With these orders and the current backlog, the Pioneer e-mobility business unit is expected to deliver a record number of mobile off-grid electric vehicle charging solutions in 2024 that will significantly contribute to the revenue and operating margin of Pioneer Power Solutions in 2024.
The company expects to deliver and install these orders beginning in the first quarter of 2024.
“These orders, valued at $3.1 million in the aggregate, reflect the continued acceleration we are experiencing in the adoption of our e-Boost solutions,” Geo Murickan, head of Pioneer Power’s e-mobility business, said. “These orders are of particular significance for two reasons. First, two are from new customers and one is a reorder from an existing customer who has already experienced the benefits of our e-Boost solution.
“Secondly, each customer chose a different e-Boost platform — Pod, Mobile and Mini, for the application that best suits its needs. We believe this reflects the breadth and versatility of the e-Boost solutions. Each of these customers considered various options and, in the end, selected e-Boost, given our proven capabilities in delivering a solution that meets their EV transition timeline with the most sustainable and energy dense solution that is also economically viable.”
One of the largest North American utility companies awarded Pioneer Power a contract to purchase and install five e-Boost Pod units in five remote site locations to enable EV charging for consumers.
Pioneer’s e-Boost Pod will provide consumers with the most reliable method of EV charging, given the remote locations and seasonally harsh weather conditions. Consumers will have access to two high-speed DCFC chargers, with up to 75 kilowatts. Each remote site will be equipped with lighting and camera monitoring that will be integrated with e-Boost to provide a safer environment for consumers.
In addition to the delivery and installation of the units, Pioneer will provide preventative maintenance through its national network of partners in conjunction with local service partners. The service team plans to utilize e-Boost RealM, a real-time remote monitoring online dashboard portal, and provide expert assistance for local technicians to support maximum uptime for EV charging.
An additional order was also received from an existing customer, a major Northeastern transportation agency that manages air, land, rail and seaport assets. This purchase order expands its charging capabilities for its employee shuttle buses. Pioneer will deliver its e-Boost Mobile, a trailer unit that is often referred to as the “Flex” model, to provide 60KW of fast, Level 3 direct-current charging, and four Level 2 chargers, providing charging options for multiple vehicles at the same time. This system is expected to help expand operations of the transportation authority’s EV shuttle buses and other EV vehicles at several operating facilities. The company expects to deliver the solution during the first quarter of 2024.
A third order was received from a major Northeastern U.S. truck dealership and truck upfitter with 14 locations. The dealership carries an inventory of trucks, including a variety of EV truck models. This customer understands that mobile EV charging services are an integral part of its offering. Delivery of e-Boost Mini, a skid-based unit that can be easily loaded on to a truck bed or trailer with a forklift for mobility was selected to accelerate its customers’ adoption of EV trucks and help ease the transition to EV. Under the terms of the purchase order, Pioneer will design and customize an e-Boost solution with 30KW Level 3 direct-current charger that can be placed in any truck depot or various locations for on-demand EV charging.
