Daimler Truck North America LLC; NextEra Energy Resources, LLC; and BlackRock Renewable Power (BlackRock) have signed a Memorandum of Understanding (MOU) to lay the foundation for a proposed joint venture (JV) to design, develop, install and operate a nationwide, high-performance charging network for medium- and heavy-duty battery electric and hydrogen fuel cell vehicles in the U.S.
The start of operations for the future JV is planned for 2022. Initial funding is expected to be comprised of approximately $650 million divided equally among the three parties. The parties plan to build a network of charging sites on critical freight routes along the east and west coasts and in Texas by 2026, leveraging existing infrastructure and amenities while adding complementary greenfield sites to fulfill anticipated customer demand. The first phase is set to begin construction in 2023.
The initial focus will be on battery electric medium- and heavy-duty vehicles followed by hydrogen fueling stations for fuel cell trucks; the sites will also be available for light-duty vehicles to serve the greater goal of electrifying mobility.