- Ideanomics Inc (NASDAQ:IDEX) has signed an agreement with Coast Counties Peterbilt to deploy and operate energy and charging solutions at Coast Counties' truck dealerships in California. Financial terms were not disclosed.
- GridMarket facilitated the project, and Ideanomics was selected as an implementation partner through the GridMarket platform. The agreement includes a Power Purchase Agreement (PPA) and a Charging-as-a-Service component.
- Ideanomics Energy will deploy DC fast charger, renewable energy generation, and storage at California's four Coast Counties Peterbilt dealerships.
- Furthermore, Ideanomics Energy's management software will assure optimal use and cost control. Coast Counties Peterbilt will be offered this turnkey solution at a pre-determined monthly fee.
- Price Action: IDEX shares are trading higher by 0.33% at $0.57 during the premarket session on Monday.
