Feb 1, 2022 - Energy & Climate

BlackRock, Daimler team up on electric truck charging

Ben Geman

Illustration of an electric car charging pump with a dollar bill as the prong. — Illustration: Aïda Amer/Axios

BlackRock, Daimler's U.S. division and power giant NextEra Energy are planning a joint venture to develop and deploy charging infrastructure for electric and hydrogen fuel cell trucks.

Why it matters: Wider charging availability will be needed for electric and hydrogen-fueled trucking to become a real thing commercially, even as Daimler and other companies bring models to market.

What's next: Initial funding is slated to be $650 million divided between the companies.

"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," the announcement states, with the first construction planned in 2023.

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BlackRock, Daimler team up on electric truck charging

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