Retail Supplier Parent Partners With Daimler Truck North America, BlackRock On Public Charging Infrastructure Joint Venture

Daimler Truck North America, LLC (DTNA), NextEra Energy Resources, LLC and BlackRock Alternatives, through a fund managed by its Climate Infrastructure business (BlackRock), announced a joint venture, called Greenlane, to design, develop, install and operate a, "U.S. nationwide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles."

"The more than $650 million joint venture has made significant progress since its inception in 2022. Greenlane's first site will be in Southern California, and multiple additional sites are being acquired along various freight routes. The joint venture team is collaborating on the necessary infrastructure to holistically deploy the charging network. Dedicated software and hardware teams are working on developing a custom, commercial vehicle reservation platform to provide fleet managers, dispatchers and drivers with an industry-leading customer experience," the companies said

"The network of charging sites will be built on critical freight routes along the east and west coasts and in Texas. Where synergistic, Greenlane will leverage existing infrastructure and amenities while also adding complementary greenfield sites to fulfill anticipated customer demand. Greenlane's initial focus will be on battery-electric medium- and heavy-duty vehicles, followed by hydrogen fueling stations for fuel cell trucks, with plans to expand access to light-duty vehicles in the future to serve the greater goal of electrifying mobility," the companies said

"NextEra Energy Resources is excited about the expected impact of our partnership with DTNA and BlackRock, and the critical role that Greenlane will play in the decarbonization of the commercial transportation sector and the broader U.S. economy," said Rebecca Kujawa, president and chief executive officer of NextEra Energy Resources. "As a publicly available charging network developed to serve medium and heavy-duty commercial fleets, Greenlane serves a critical infrastructure need for its customers utilizing newly developed charging and energy management software solutions, while being powered by renewable energy. Greenlane represents an important investment, leveraging NextEra Energy Resources' market leading experience in energy, analytics and infrastructure development to deliver end-to-end networking charging solutions through our NextEra Mobility subsidiary."