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BlackRock, Daimler and NextEra Forge Ahead with $650 Million EV Charging Infrastructure for Trucks

BlackRock, Daimler and NextEra Forge Ahead with $650 Million EV Charging Infrastructure for Trucks

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The charging network will provide battery-electric commercial vehicles access to high-performance, reliable and sustainable charging across the U.S.

Daimler Truck North America, LLC, NextEra Energy Resources, LLC and BlackRock Alternatives, through a fund managed by its Climate Infrastructure business, announced Greenlane, the name of their joint venture to design, develop, install and operate a U.S. nationwide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles. They also unveiled renderings of the site layout as a major milestone in the development of the project.

Greenlane addresses the urgent need for a publicly available, nationwide electric charging infrastructure for commercial vehicles, especially for long-haul freight operations, and is a critical step toward developing a sustainable zero-emission vehicle ecosystem across North America.

The more than $650 million joint venture has made significant progress since its inception in 2022. Greenlane’s first site will be in Southern California, and multiple additional sites are being acquired along various freight routes. The joint venture team is collaborating on the necessary infrastructure to holistically deploy the charging network. Dedicated software and hardware teams are working on developing a custom, commercial vehicle reservation platform to provide fleet managers, dispatchers and drivers with an industry-leading customer experience.

The network of charging sites will be built on critical freight routes along the east and west coasts and in Texas. Where synergistic, Greenlane will leverage existing infrastructure and amenities while also adding complementary greenfield sites to fulfill anticipated customer demand. Greenlane’s initial focus will be on battery-electric medium- and heavy-duty vehicles, followed by hydrogen fueling stations for fuel cell trucks, with plans to expand access to light-duty vehicles in the future to serve the greater goal of electrifying mobility.

See related article: BlackRock Raises $4.5 Billion for Climate-Focused Infrastructure Fund

“Greenlane is designed to begin to tackle one of the greatest hurdles to the trucking industry’s decarbonization – infrastructure,” said John O’Leary, president and chief executive officer, DTNA. “The nation’s fleets can only transform with the critical catalyst of publicly accessible charging designed to meet the needs for medium- and heavy-duty vehicles. Together with our strong partners, BlackRock and NextEra Energy Resources, we are launching Greenlane to address the unique demands of the industry, support our mutual customers, and provide a dual benefit to all electric vehicle drivers who will be able to utilize this new network. We’re excited to take this next step and look forward to sharing more of Greenlane’s plans in the future.”

“NextEra Energy Resources is excited about the expected impact of our partnership with DTNA and BlackRock, and the critical role that Greenlane will play in the decarbonization of the commercial transportation sector and the broader U.S. economy,” said Rebecca Kujawa, president and chief executive officer of NextEra Energy Resources. “As a publicly available charging network developed to serve medium and heavy-duty commercial fleets, Greenlane serves a critical infrastructure need for its customers utilizing newly developed charging and energy management software solutions, while being powered by renewable energy. Greenlane represents an important investment, leveraging NextEra Energy Resources’ market leading experience in energy, analytics and infrastructure development to deliver end-to-end networking charging solutions through our NextEra Mobility subsidiary.”

“Reliable charging infrastructure is a critical component of the electrification of the commercial trucking industry. Greenlane provides an exciting opportunity to partner with key players in the energy transition and bring institutional capital to the growing sector. We are thrilled to be taking the next step in this joint venture with NextEra Energy Resources and Daimler Truck North America and to install the charging network across key freight routes in the United States,” said David Giordano, global head of climate infrastructure, BlackRock Alternatives.

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