Pioneer Power To Provide E-Bloc Solution To Support Rove Full-Service EV Charging Centers; Multi-Million Dollar Order Significantly Expands E-Bloc Backlog; Will Support Its Full-Service, Ultra High-Speed Charging Locations In California
Portfolio Pulse from Happy Mohamed
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced a multi-million dollar order to provide an E-Bloc system and other related custom control and protection equipment to Rove, a full-service charging center operator in Southern California. The E-Bloc will support Rove's development of its first full-service EV charging centers, which will include 40 ultra-fast chargers capable of reaching speeds up to 350 kW. Rove plans to utilize renewable energy, integrating onsite solar panels and battery storage, supported by E-Bloc, to supplement the use of electricity from the grid during peak times.
August 07, 2023 | 12:47 pm
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POSITIVE IMPACT
Pioneer Power Solutions' partnership with Rove for the provision of E-Bloc systems to Rove's EV charging centers is a positive development for the company. The multi-million dollar order is expected to contribute to Pioneer's revenue growth.
The news of Pioneer Power Solutions securing a multi-million dollar order from Rove is a positive development for the company. This partnership not only expands Pioneer's customer base but also contributes to its revenue growth. Given the growing demand for EV charging solutions and Rove's aggressive growth strategy, this partnership could potentially lead to more orders for Pioneer in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100