Pioneer Power Enters Residential Power And EV Charging Market With HOMe-Boost, An Integrated Distributed Generation And EV Charging Product For U.S. Homeowners
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has launched HOMe-Boost, a new residential power generation and EV charging platform. HOMe-Boost offers homeowners reliable prime power with fast Level 2 or Level 3 EV charging options. It allows for flexibility between using the prime generator or the grid, with an easy installation process. The product comes in two versions, L2 and L3, catering to different power needs and providing an off-grid option during extreme weather or natural disasters. Pioneer markets HOMe-Boost through select electrical distributors and generator dealers.
March 19, 2024 | 12:37 pm
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Pioneer Power Solutions, Inc. has introduced HOMe-Boost, targeting the residential power generation and EV charging market. This move could significantly enhance Pioneer's market position by tapping into the growing demand for home EV charging solutions.
The launch of HOMe-Boost by Pioneer Power Solutions represents a strategic expansion into the residential market, leveraging its expertise in power generation and EV charging solutions. Given the increasing demand for home EV charging options and the product's innovative features, such as off-grid capability and fast charging, this move is likely to be positively received by the market. This could lead to increased sales and potentially boost the company's stock price in the short term.
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