Proterra Inc. (PTRA) experienced an increase of 7.87% in premarket. However, the last trading session closed at $10.68 with a decline of 8.01%.
Solar and Storage Microgrid and EV Charging
On 5th November 2021, The Los Angeles Department of Transportation (LADOT) announced that the California Energy Commission has given the agency a $6 million grant to build one of the country’s largest EV fleet charging stations. Moreover, Los Angeles is on track to reach a zero-emission future and investments in clean transportation systems. The more electric vehicles we put on the roads, the fewer the emissions will be in the future. This will ensure a healthier and more sustainable future.
Furthermore, LADOT’s adoption of electric buses will be aided by the solar and storage microgrid. It will be combined with 104 EV chargers as the agency moves toward a completely electric fleet by 2028. The EV-charging microgrid will help control EV charging. The project will minimize greenhouse gas emissions, cut LADOT’s electricity costs, and offer emergency backup power so that the agency may continue operating in the event of a power outage by supplying clean solar energy generated and storage capacity.
Collaboration of PTRA with Komatsu
On 26th October 2021, PTRA has announced a new partnership to use its battery technology to power next-generation underground mining tools. Proterra will offer Komatsu with its H Series battery system technology for the development of battery-electric LHDs, and drills. Moreover, Komatsu, a manufacturer of mining equipment and services, aims to use Proterra’s high-performance battery systems to produce prototype machines this year, with commercial production beginning in 2022.
Massachusetts Electric School Bus
PTRA reported on 13th October 2021 that Massachusetts successfully returned power to the system for more than 50 hours. A Thomas Built Buses Saf-T-Liner C2 Jouley electric school bus discharged nearly three megawatt-hours of electricity to the regional electric grid. Moreover, Highland worked with National Grid too. This supplies the bus, chargers, and all electricity to Beverly Public Schools under a mileage-based subscription. National Grid used the energy stored in the electric school bus battery on 30 separate occasions.
