Spruce Power Holdings Corp (SPRU)

[Bountiful_Harvest]

So this may not be the sexiest electric vehicle news to hit their news feed recently, but it's still noteworthy nonetheless. One of the faster-moving realms of transportation electrification is the commercial fleet space, particularly buses and semi-trucks.

One could argue that large companies and fleet managers see the big picture in terms of ROI and long-term savings with EVs and their limited maintenance. The whole zero emissions, less pollution thing is merely a bonus.

No matter the reason, these electrified class 8 trucks are becoming less and less dependent on diesel. However, their precious cargo (including the driver) may require more battery power for components like AC and trailer dependable refrigeration – elements that used to rely on diesel.

Solving this issue for fleets by using clean energy, like solar roofs and additional auxiliary batteries, is a big step in addressing a power issue before it becomes just that.

There may be mixed feelings about XL Fleet, but it most certainly (and understandably) sees an in with eNow and its technology to corner a new section of the commercial fleet market.

That could be a reason why they already have the option to buy the entire company too. Bet they make a decision on that during this initial rollout of 1,000 units for next year.

https://electrek.co/2021/07/21/xl-fleet-partners-with-enow-to-power-electric-refrigerated-trailers/