XL Fleet and eNow launch reefer project
XL Fleet, a provider of vehicle electrification solutions, has announced a development and supply agreement with eNow, a provider of solar and battery-powered systems for fully electric transport refrigeration units (eTRUs) for Class 8 commercial trailers.
Under the agreement XL Fleet will supply battery and power electronics systems for the first 1,000 units of eNow’s new electrified refrigerated trailer solutions.
XL Fleet invested $3 million in convertible notes in eNow. Additionally, XL Fleet stated it has the right to acquire eNow at a pre-determined valuation.
XL Fleet and eNow Collab
The two companies will be collaborating on the design and development of the system that will power eTRUs as a replacement for conventional diesel-powered generators. ETRUs deliver a lower total cost of ownership and are more environmentally friendly than diesel-powered units, according to eNow. Both companies expect to deliver initial eTRUs beginning in the first half of 2022 to customers in industries including food, retail, manufacturing, and distribution.
Via the partnership, XL Fleet is developing the high-capacity integrated lithium-ion battery and power electronics technology that will be installed underfloor on a Class 8 trailer, providing about 12 hours or more of run time between charges. ENow will integrate this system into its architecture, including solar panels mounted on the roof of the trailer to maintain the battery charge and extend operation.
In addition, currently available 480V 3 phase shore power will be used for charging of the batteries and powering of the eTRU when idle or during loading and unloading of the trailer. The system will be equipped with a thermal management system to enable year-round operation across North America.
The company noted that its XL Grid division will support customers who require new charging or expanded charging infrastructure or energy solutions.
According to XL Fleet, it is investing in eNow to accelerate and build on XL Fleet’s goal of expanding into the Class 8 trailer market. This move will also help provide cross-selling opportunities across its electrified power-train, XL Grid charging infrastructure, and energy storage solutions.
XL said the partnership “builds on XL Fleet’s promise of delivering electrification-as-a-service, by giving customers the opportunity to finance or lease the refrigerated trailers and related infrastructure.
Tod Hynes, president of XL Fleet, said: “This partnership will change the way the transportation industry thinks about energy and refrigerated transportation, as together we will offer the most advanced, renewable power systems for reefer trailers.’’
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine’s best inventions of 2019. For additional information, please visit www.xlfleet.com.
eNow is a clean-technology company and pioneer of renewable energy systems for heavy-duty trucks and trailers. eNow’s award-winning systems use a combination of green power sources, including solar, to reduce CO2 emissions and cut fuel and maintenance costs of reefer trailers by 30-50%. eNow’s patented systems provide significant ROI while helping companies offset regulatory requirements and meet their ESG goals. HDT magazine named eNow’s All-Electric Solar-based Rayfrigeration™ System a “Top 20 for 2021” product. Since 2011, eNow has also deployed over 4,500 units of its solar based systems to help fleets cut costs and maintain auxiliary batteries for liftgates, eAPUs (in-cab HVAC), telematics and other applications. For additional information please visit www.enowenergy.com.