When we spoke with TeraWatt Infrastructure CEO Nehai Palmer back in 2021, we were impressed by her company’s comprehensive approach. Fleet charging centers should include not only charging stations, but energy management systems and possibly on-site energy storage and generation. Electric charging providers must work closely with local electricity utilities, and they must be involved in financing, project development and whatever else is needed to facilitate the transition of fleet operators to electric vehicles.
Now, the company has recently taken a big step towards realizing its vision has raised more than $1 billion in institutional capitalwhich will be used to develop a network of charging centers for heavy-duty and medium-duty electric trucks along I-10 from the ports of Los Angeles and Long Beach to El Paso.
The I-10 electric corridor will consist of several TeraWatt charging centers in California, Arizona and New Mexico. Each will include “dozens” of powerful DC fast chargers, end-to-end charging kiosks and on-site driver amenities. The sites will be available to both long-haul carriers and local last-mile delivery operators.
The charging centers will be located approximately 150 miles apart, a distance that supports the range of currently available electric trucks. Each lot is less than one mile from the nearest highway exit, and they range in size from 4 to 100 acres.
TeraWatt will manage all charging operations at the sites and will include advanced technologies such as battery storage, on-site renewable energy generation and megawatt charging stations “as commercially expedient. The company will work with local and state governments and utilities, and use all available grants and incentives.
“The electrification of long-haul freight transport offers a significant opportunity to reduce emissions in the transport sector, but depends on the rapid expansion of dedicated charging infrastructure,” says CEO Neha Palmer. “Our real estate and energy infrastructure development platform enables TeraWatt to uniquely solve the ‘charging problem’ for trucking operators, making trucking electrification achievable within their operations. There will need to be active collaboration between stakeholders, including network owners, operators, utilities, regulators and end-users, to ensure that the network can evolve alongside the transition to electric transport.”