Clean-energy giant NextEra Energy Inc. announced a plan to electrify thousands of school buses, capitalizing on President Joe Biden’s goal of accelerating the green transition.
The announcement comes as Biden moves aggressively to combat climate change in his first days in office, including signing an executive order to replace the entire fleet of federal government cars and trucks with electric vehicles. His clean energy and infrastructure plan calls for converting all U.S. school buses to zero emissions. NextEra, the world’s leading clean-energy giant, is uniquely poised to gain from Biden’s agenda.
“This is the sort of collaboration needed to accelerate mass adoption of zero-emission vehicles and the transition to a clean energy economy in the U.S. and Canada,” said Rothschild & Co. managing director Markus Pressdee, who advised on the collaboration.
Large batteries in school bus depots could also help serve as distributed-energy storage, supporting the electric grid, the companies said in the statement.