Fleet charging solution provider TeraWatt Infrastructure has appointed Google’s former Head of Energy Strategy, Neha Palmer, as CEO. Palmer brings expertise in building out fleets of large-scale, energy-intensive infrastructure from the data center world to the EV charging infrastructure field.
As more fleets of medium- and heavy-duty vehicles go electric, there’s a growing awareness that charging depots will need to incorporate on-site generation, energy storage, and energy management software. Many fleet operators don’t have the expertise and/or capital required to build such large, complex charging systems, and that’s where TeraWatt Infrastructure comes in.
TeraWatt offers a purpose-built platform that combines financing, energy management and project development to provide organizations with a long-term partner in the electric transition. The company acquires properties in strategic locations near major highway exits, metropolitan areas and logistics hubs. It also provides fleet operators a suite of solutions and asset financing for infrastructure projects at their own sites.
“Neha Palmer tackled Google’s data center energy consumption through a decade of massive growth, while also bending the will of the world to achieve net zero emissions,” said Ben Birnbaum, a co-founder of TeraWatt Infrastructure. “It’s difficult to find someone with the kind of infrastructure development experience that the world is going to require to make it successfully through the transition to electrified transport, given the complexities of the energy requirements and the sheer volume of watts and capital required.”
“TeraWatt was built to be the crucial intermediary between capital markets, utilities, and organizations of all types looking to electrify their fleets,” said TeraWatt co-founder John Rapaport. “We have been building the underlying infrastructure portfolio and business in stealth for years while we’ve waited for the automotive industry to fully commit to electrification. Now that they have, and customers have come calling for turnkey infrastructure solutions, it was time to put the leader in place who can deliver the permanent transportation infrastructure of tomorrow.”
Source: TeraWatt Infrastructure