ImpactAlpha, February 2 — A lack of charging infrastructure for commercial vehicles is slowing the deployment of electric trucks.
The joint venture between BlackRock, German commercial vehicle manufacturer Daimler Truck and U.S. electric utility NextEra Energy aims to start construction next year on a network of charging stations on freight routes along the U.S. east and west coasts, and in Texas.
The stations will be purpose-built for battery-electric medium- and heavy-duty vehicles, but will also accommodate light-duty vehicles and hydrogen fueling stations for fuel-cell trucks.
BlackRock joined the partnership via its Global Renewable Power group, which last year closed a $4.8 billion climate infrastructure fund. The fund has backed companies including Australia’s JOLT and Germany’s Ionity.