GridMarket announces EV Transi – GuruFocus.com

NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) — GridMarket is thrilled to announce that Coast Counties Peterbilt, a portfolio of Peterbilt truck dealerships in California, will deploy solar, battery storage and electric vehicle charging stations at four initial sites across the state. The projects have been facilitated and optimized thanks to the GridMarket platform. Ideanomics Energy was selected through the GridMarket competitive and market process to implement and operate the projects.

“We were looking for the optimal combination of solutions with reliable returns on investment, and we selected Ideanomics Energy as the best-fit implementation partner in the GridMarket,” said Craig Archer, president of Coast Counties Peterbilt. “GridMarket has allowed us to efficiently review all of the best-fit technologies and partners, and has reduced the risks of our expansion into electric vehicle offerings. Ideanomics Energy has a proven track record of charging infrastructure installations, and we are excited to start working with them. »

GridMarket has worked with Coast Counties Peterbilt since 2021. The relationship began with the application of GridMarket’s platform to assess project feasibility and recommend energy solutions. From there, the GridMarket team worked closely with Coast Counties Peterbilt to optimize viable microgrid projects aligned with site-specific needs and electrification goals.

Projects in Coast Counties Peterbilt concessions will include an optimized mix of solar PV and battery storage, combined with 5 DC fast chargers at each site. Each system will benefit from the Federal ITC, CA SGIP and CA EV charging incentive programs, providing significant customer cost savings, competitive IRR and carbon reduction benefits.

“The electric vehicle market today is experiencing tremendous momentum,” said Peter Schneider, director of sales and project management at GridMarket. “Major suppliers are transitioning fleets. However, electrification must be done in coordination with existing infrastructure to take into account the increase in demand. Coast Counties Peterbilt has been an incredible partner to work with. The team is eager to take advantage of the opportunities available, and the planned installations will maximize value, align with business goals, and meet electrification goals. »

GridMarket’s end-to-end process allows customers to understand the full scope of their opportunities and then select the best-suited vendor(s) to meet their needs. By running a tender to solicit responses from all interested vendors, clients are able to compare all viable options, structures, and partners. For Coast Counties Peterbilt, Ideanomics ultimately delivered a streamlined, cost-competitive turnkey process that aligned with each site’s short- and long-term needs and goals.

As a one-stop-shop charging and energy partner, Ideanomics Energy offers everything from agnostic energy management software with modular charging and energy solutions – including WAVE’s high-power wireless charger – as well as a wide range of services from initial planning, engineering and installation to operation and maintenance of deployed energy assets. The commercial division aligns with the existing Ideanomics Mobility and Ideanomics Capital divisions. Ideanomics Energy simplifies electric vehicle charging and energy strategies for fleets, providing software and hardware that evolves with customers’ operations and electrification goals.

“It is important to install a reliable infrastructure that adapts to the specific strategy and needs of each customer fleet,” said Jan Freimann, vice president of energy services at Ideanomics. “We don’t believe in one size fits all. Instead, we deploy bespoke solutions to minimize cost, increase reliability and limit uncertainty for clients like Coast Counties Peterbilt. Thanks to GridMarket, our team has now the opportunity to support Coast Counties Peterbilt’s transition to electrification and a greener future.

To learn more about the project and other similar projects through the GridMarket platform or to see what GridMarket can do for your business, please click here.

press contact
Jillian Caramanna-Seymour
GridMarket, LLC
[email protected]

About GridMarket
GridMarket is an energy project optimization platform and global marketplace that leverages big data and artificial intelligence to accelerate the global energy transition. Working with real estate portfolios, individual energy consumers, governments and utilities around the world, GridMarket identifies and matches best-fit energy projects, engages leading global solution providers and mobilizes capital markets to help partners achieve energy and net-zero carbon goals. GridMarket has a substantial global pipeline and portfolio of successful projects, spanning various customer types and geographic regions. GridMarket uses its platform to open new markets and facilitate the deployment of distributed energy through automation, predictive analytics, remote digital capabilities and dynamic stakeholder engagement tools.

About Peterbilt
Coast Counties Peterbilt is a family-owned, full-service truck and trailer dealership founded in 1949 and based in San Jose, California. We offer our Northern and Central California customers a full range of services, including new and used truck and trailer sales, full service rentals, truck rentals, parts sales, service for all brands of trucks and trailers, a complete financing portfolio for new and used vehicles. trucks and trailers, financing of major equipment purchases, such as engines, transmissions and diesel particulate filters. We also have a truck and trailer body shop with a 70 foot paint booth at our San Leandro location. Come visit one of our 6 full service Peterbilt, PacLease and Landoll locations for all your truck related needs and thank you for your confidence.

About Ideonomics
Ideanomics (IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By linking vehicles and charging technology with design, implementation and financial services, we provide the full range of solutions needed to engage the commercial world in an EV future. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visit: https://ideanomics.com.

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