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California Energy Commission Awards a $3M Grant to BorgWarner, Fermata Energy and Lion Electric for Innovative Vehicle-to-Grid Project with Bus Operator American Transportation to Service Student Transportation for California School Districts

Author: Benzinga Newsdesk | March 18, 2024 07:50am

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.

Posted In: BWA LEV TSX:LEV


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