Pioneer Power Partners With NOMAD Transportable Power Systems To Launch New Zero-Emission, Mobile EV Charging Platform And Re-Charging Solutions
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has partnered with NOMAD Transportable Power Systems to launch new zero-emission, mobile EV charging platforms, ZEeB and EXZELCR. These platforms offer off-grid charging solutions with battery energy storage, targeting a variety of markets such as events, remote locations, disaster response, and fleet management. The initial ZEeB unit has a 500 kW power capacity and uses KORE Power lithium-ion battery cells. Larger units and the EXZELCR recharging platform are planned for later this year. The products are designed to enhance EV charging flexibility and support the transition to Net Zero emissions.
January 23, 2024 | 1:31 pm
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Pioneer Power Solutions has launched innovative mobile EV charging solutions in partnership with NOMAD, which could significantly enhance its product offerings and market reach in the growing EV infrastructure sector.
The launch of new products, particularly in a high-growth sector like EV charging, is typically seen as a positive development for a company. Pioneer's introduction of mobile, zero-emission charging platforms could meet increasing demand for flexible and sustainable EV charging solutions, likely leading to a positive short-term impact on PPSI's stock price. The confidence in this analysis is high due to the clear strategic fit of the new products with current market trends and the company's existing expertise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90