PROTERRA ELECTRIC BUS BATTERY SERVICE AGREEMENTS · 5/23/2017 · Presentation to MAY 23, 2017...
Transcript of PROTERRA ELECTRIC BUS BATTERY SERVICE AGREEMENTS · 5/23/2017 · Presentation to MAY 23, 2017...
ACEEE 2017 Energy Efficiency Finance Forum
Presentation to MAY 23, 2017
PROTERRA ELECTRIC BUS BATTERY SERVICE AGREEMENTS
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Electric Bus Battery Service Agreements
Alan Westenskow – Director, Business Development
Increasing electric bus deployment by reducing upfront costs
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Public Transit is critical
• Americans took 10.7B trips on mass transit last year
• By 2050, 75% of the world’s population will live in cities
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And transit status quo is failing
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TECHNOLOGY SOLUTION
Proterra Battery Electric Buses
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LOWER OPERATING COSTS
$448,000
$32,642
$7,030
$32,401
$20,680
$37,333
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
Diesel Proterra
Annual Operational Costs
Savings
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WHAT PREVENTS FULL DEPLOYMENT?
$500,000
$750,000
$250,000
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Diesel Proterra
Bus Purchase Price
Difference
High upfront costs
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BATTERY SERVICE AGREEMENTS
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MARKET POTENTIAL
North American Electric Bus Market
20 50150
270
525
1,000
1,600
2,140
2015 2016 2017 2018 2019 2020 2021 2022
Source: Frost & Sullivan, HD Transit Bus Market – Global Analysis, March 2016
CAGR 95%
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THE TEAM
•Strong Executive Team
•Solid Financial Backing
Customers•Investment grade
•Local governments, universities, and airports
•Strong customers, proven technology
•Climate impact investment
Battery Service Agreement
Capital Provider
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Proterra Electric Bus Impacts
Battery asset investment
Environmental Impact
50% increase in Proterra bus deployment
Battery Service Agreement Impact
1
2
1Proterra bus
100,000gallons diesel
3 million lbs. CO2
+REDUCES
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OUR CUSTOMERS
290 announced orders from 31
customers
100+ orders not yet announced
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(NOFO page 19450)
“Applicants must demonstrate . . .how the proposed project will:
(1) Reduce Energy Consumption;
(2) Reduce Harmful Emissions;
(3) Reduce Direct Carbon Emissions”
Priority of 2017 Low-No is on reducing energy consumption, 2016 Low-No top emphasis was on reducing carbon emissions.
FTA 2017 Low-No $55 Grant Notice of Funding Opportunity
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