Today, XL Fleet Corp announced that it will electrify Apex Clean Energy’s vehicle fleet as part of a comprehensive effort to reduce its carbon emissions. In fact, this is Apex’s first investment in vehicle electrification. Accordingly, it will provide the company with 19 electrified Ford F-series pickup trucks.
Read more of our news content, here: Swift Current Energy acquired by Buckeye Partners and Nala Renewables
XL Fleet on electrifying Apex Clean Energy pickup fleet
Today, fleet electrification solutions provider XL Fleet Corp and clean energy company Apex Clean Energy announced that XL Fleet will electrify Apex’s vehicle fleet. Accordingly, the company will provide Apex with 19 electrified Ford F-series pickup trucks to reduce its carbon emissions.
In fact, these pickup trucks include ten plug-in hybrid electric and nine hybrid electric systems for pickups in Apex’s service fleet for delivery in the second quarter of 2021. According to the companies, this strategy aligns with Apex’s current sustainability goals and operational requirements. Moreover, it allows the company to consider expanding its electrification investments as it replaces more vehicles in the future.
Furthermore, the deal will allow the company to equip its project teams with a diverse array of cleaner, more fuel-efficient vehicles across its facilities throughout North America. Therefore, the company is planning to deploy the plug-in hybrid cars to its operations employees. Accordingly, they will have access to charging infrastructure at the company’s operational wind and solar facilities.
“XL Fleet and Apex Clean Energy share a common goal of delivering sustainable products and services to protect our environment. Thus, we are proud to become Apex’s electrified vehicle partner as they look to take immediate and significant steps toward reducing their carbon footprint;” said Brian Piern, VP of Sales and Marketing at XL Fleet.
The deal’s characteristics
Moreover, “as a mission-driven company with sustainability at the heart of our work, Apex is driving the transition to a clean energy economy. Hence, XL Fleet is an ideal partner to help us extend this core value to our transportation choices;” said Mark Goodwin, president, and CEO of Apex Clean Energy. Finally, “XL Fleet gives us the ability to begin working toward our carbon reduction goals; immediately by electrifying our vehicle fleet with proven solutions that make strong financial sense.”
As part of this transaction, the Ford F-series pickups were acquired by XL Fleet’s Fleet Management Company; in fact, partner of Enterprise Fleet Management. In fact, Enterprise is a leading full-service provider of fleet management capabilities, including vehicle acquisition, financing, maintenance, and more. Furthermore, the company takes a sustainable approach to its business practices and actively helps fleet customers manage their carbon footprint.
On the other hand, XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in NA. Accordingly, the company has more than 150 million miles driven by customers. For instance, The Coca-Cola Company, Verizon, Yale University, and the City of Boston.