California Energy Commission Awards a $3 Million Grant to BorgWarner, Fermata Energy and Lion Electric for Innovative Vehicle-to-Grid Project with Bus Operator American Transportation to S...
BorgWarner Inc. (BWA)
Last borgwarner inc. earnings: 2/13 06:30 am
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Source: Yaho
CHARLOTTESVILLE, Va., March 18, 2024 BUSINESS WIRE )--The California Energy Commission (CEC) has awarded BorgWarner Inc. (NYSE: BWA) and project partners Fermata Energy and The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion Electric") a $3 million grant for an innovative Vehicle-to-Grid (V2G) project. This initiative is set to bring grid-supporting and cost-saving V2G solutions for services provided by American Transportation to California school districts, marking a significant step forward in energy management and the transition to electric school buses. California has seen an increase in extreme weather events driven by climate change, including prolonged heat waves, droughts, and wildfires, leading to increased strain on the grid. With more electric vehicles (EVs) coming to market, V2G has the potential to play a part in the state's clean energy future by using excess power from solar and wind farms to charge during the day for use in the evening when demand is high. By
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BWA
Earnings
- 5/2/24 - Beat
BWA
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/26/24 - Form 4
- BWA's page on the SEC website