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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

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XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. In 2020, more than 50 SPACs have been formed in the US as of the beginning of August, raising some $21.5

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) This marks a 6% drop from $140/kWh in 2020.

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Volvo and Danfoss introduce first 24-hour e-truck fleet

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Volvo has delivered three heavy-duty line-haul electric trucks to Danfoss. The delivery of the three e-trucks is part of a larger partnership between Volvo Trucks and Danfoss, focusing on pioneering sustainable electric transport operations. Nine fully electric Volvo trucks are set to be in operation before 2024.

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Berlin receives 90 electric Solaris buses; BVG Solaris electric fleet totals 123

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Solaris has completed the delivery of 90 Urbino 12 electric buses for Berliner Verkehrsbetriebe (BVG). This was one of the biggest contracts for battery-powered buses in Europe and the largest one for the manufacturer in Germany so far. Berlin now has a total of 123 electric Solaris buses in its fleet.

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DTF: Diesel dominates commercial truck, transit and school bus fleets in US

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This analysis found the following: Commercial Trucks: 76% of the approximately 15 million commercial trucks (Class 3-8) that make up the nation’s fleet run on diesel. Of those, the newest generation of advanced diesel technology models now account for 53% of that fleet. Electric and other categories each register less than 1%.

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Lightning eMotors adds production capacity, space to meet growing demand from fleets for EVs

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Lightning eMotors, a leading provider of commercial electric vehicles for fleets, is expanding to meet the growing demand for EVs from commercial and government fleets. Assembled electric powertrains ready for installation into Lightning Electric Transit 350HD vehicles. —Tim Reeser, CEO of Lightning eMotors.

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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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According to the California Independent System Operator, battery storage capacity in the state has increased by nearly 20 times since 2019—from 250 megawatts (MW) to 5,000 MW. Today’s fleet of storage resources can capture enough electricity to power up to 5 million California homes. compared to 2020.