Le Lézard
Classified in: Oil industry, Transportation, Business
Subjects: PDT, LIC

Concentric enters Trailer Electrification Market with new Power Train Agnostic Application


REDDITCH, England, Feb. 6, 2024 /PRNewswire/ -- Concentric is thrilled to announce that a new OEM customer in the USA has selected Concentric for an important business opportunity. The application involves a combination of EMP branded e-fans and Concentric branded 12V e-coolant pumps for a new trailer electrification solution. Production is scheduled to commence in Q2 2026. This innovative solution is set to contribute to the transformation of the transportation industry. According to TersusStrategy Research, the global electric & hybrid semi-trailers market is projected to reach USD 8.33 billion by 2030, growing at a CAGR of 17%.

Concentric's products are part of an innovative energy-efficient solution designed by the OEM to enhance the performance of diesel, battery electric, fuel-cell, or hybrid trucks.

The solution is based on the addition of trailer power, which enables fleet owners to make the switch to EV powertrain, even if they are not yet ready to do so. This revolutionary solution is set to contribute to the transformation of the transportation industry by reducing carbon emissions and increasing fuel efficiency.

The customer's system incorporates a powerful eco-friendly battery into trailers for heavy-duty trucks. This battery enables the trailer to move independently during yard or dock operations, provide ancillary power, and facilitate additional power on the highway to support the truck. The system is designed to reduce diesel consumption, making transport operations cleaner and more cost-effective. Additionally, the battery can be used to power refrigeration units, which further reduces the carbon footprint of the transport industry.

"This new application is powertrain agnostic, which means it contributes to emission reductions and energy savings in both mature and new powertrain technologies. Our sales and engineering teams are able to support the customer with a market-leading technical solution by combining our market-proven e-fans with our state-of-the-art seal-less e-coolant pumps. This innovative solution enables Concentric to enter the trailer electrification business, which is a new market for our company with exciting growth opportunities. It also has the potential to retrofit existing trailers in the future," says Martin Kunz, President & CEO Concentric AB.

For further information, please contact: Lynne McCarthy (Media Contact) at
Tel: +44 121 445 6545 or E-mail: [email protected]

 

The following files are available for download:

https://mb.cision.com/Main/1643/3922418/2582021.pdf

Release

 

SOURCE Concentric AB


These press releases may also interest you

at 00:05
Spirit AeroSystems [NYSE: SPR] ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company [NYSE: BA] ("Boeing") will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar...

at 00:01
Boeing [NYSE: BA] today announced it has entered...

30 jun 2024
Pomelo Group is proud to announce the endorsement of...

30 jun 2024
"AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry." At the 15th Annual Meeting of the New...

30 jun 2024
On June 27, 2024, Yidu Tech Inc. (the ''Company'' or ''Yidu Tech'') (2158.HK), a leader in China's AI medical industry, announced its results for the 2024 fiscal year. During the reporting period, the Company recorded revenue of RMB 807.1 million....

30 jun 2024
Yidu Tech Inc. ("Yidu Tech" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group", HKEX: 2158) announced its annual results for the fiscal year ended 31 March 2024 ("FY2024" or the "Reporting Period"). The...



News published on and distributed by: