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 techniques, distributed power sources, energy technology gear and cellular electrical automobile (“EV”) charging options, right now introduced that it has acquired an order valued over $5 million for its e-Enhance cellular electrical automobile charging options from a significant U.S. metro transit authority.

With this order and its present backlog, the Pioneer eMobility enterprise unit is anticipated to surpass the 2024 steerage of $10 million in income of cellular 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 based mostly on a number of crucial standards together with sustainability, product mobility, expertise, energy supply capability, product lead time, design optimization and consultative answer. The contract consists of 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 likely be delivered with six offboard cellular EV chargers on related skids. The models are designed with the flexibleness to relocate transit depot operations to a secondary, security website throughout pure catastrophe occasions together with wildfires or flooding. Pioneer’s sturdy off-grid, cellular design provides the Transit Authority 8.4MWh of onboard power at every website for EV charging throughout regular operations and the peace of mind of steady operation throughout surprising weather-related occasions or grid congestion at a distant location.

“By offering superior high-capacity cellular EV charging options that stability sustainability, financial 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,” stated 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 obtainable to all municipal and authorities companies on Sourcewell by way of its alliance companion INF Associates Vitality Options, based mostly 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 reaching 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 couple of years, and this mission additional validates how sturdy and expansive the e-Enhance answer 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 trade within the U.S.”

The timeline for this mission, from approval to funding to execution, is extraordinarily brief and one of many essential causes e-Enhance was chosen. Pioneer eMobility maintains all crucial parts with lengthy lead occasions in stock, which has allowed for the quickest lead time for product deployment available in the market. This supplies e-Enhance with a transparent market edge and makes Pioneer a dependable companion for purchasers with crucial 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 techniques, distributed power sources, energy technology gear and cellular electrical charging options for functions within the utility, industrial and business markets. To study extra about Pioneer, please go to its web site at www.pioneerpowersolutions.com.

About INF Associates LLC

INF Associates is a turnkey power options agency that gives decarbonization providers in constructing and transportation administration. With a staff of licensed engineers, skilled mission managers, and operations professionals that present complete providers for Electrical Car Charging Infrastructure, EV Fleet Transition session and implementation, Car to Grid EVSE, MicroGrid and Battery Storage options, Vitality Effectivity Techniques, LED lighting, and plenty of extra providers. With in-depth expertise in federal and state funding applications to assist cut back the web value of capital (power) tasks to homeowners and property managers, the staff helps cut back their carbon footprint whereas assembly federal and native necessities for a future powered by inexperienced power and sustainability. To study 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 providers, 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 avoid wasting its contributors money and time. The cooperative’s buying program manages the solicitation necessities and provides members easy accessibility to a longtime community of awarded contracts. To study extra about Sourcewell, please go to its web site at https://www.sourcewell-mn.gov/