The unique electrification project is poised to help Ferguson seamlessly deploy Medium- and Heavy-Duty EV Units and develop the necessary charging infrastructure
MOUNT LAUREL, N.J., Aug. 2, 2022 /PRNewswire-PRWeb/ -- Through a first-of-its-kind collaboration, Ferguson, North America's leading distributor of plumbing and HVAC supplies, Holman, a global automotive services organization, and Electrada, an electric fuel solutions company, announce a fleet electrification pilot. This groundbreaking effort delivers a turnkey fleet management and electrification solution enabling Ferguson to deploy medium- and heavy-duty all-electric vehicles throughout California while streamlining the development of the necessary charging and energy management infrastructure.
"This electrification project supports Ferguson's overall corporate sustainability strategy to reduce our carbon footprint, and through our position in the value chain, help build a better world," explained Denise Vaughn, Ferguson's Vice President of Environmental, Social and Governance (ESG). "Fleet emissions account for a sizable portion of our Scope 1 emissions and future reductions require an accelerated conversion from medium- and heavy-duty fleet to electric vehicles. Electrada's comprehensive solution positions us to gain rich learnings from this program and expand with scale as technology progresses."
This unique electrification program aligns with Ferguson's overall corporate sustainability strategy as the company is committed to sustainable transportation and reducing the fleet's carbon footprint. The scope of this phase is highlighted by the 30 class 6 through 8 all-electric delivery trucks from Peterbilt and Freightliner that will be integrated into Ferguson's fleet in the months ahead. The project also includes the charging infrastructure from Electrada to serve five depot locations across the company's operating footprint in California.
Key to this electrification project is Holman and Electrada's innovative strategic partnership that helps North American fleet operators accelerate, scale, and seamlessly integrate electric vehicles into their fleet mix. This collaboration with Ferguson is the first to leverage Holman and Electrada's holistic electrification-as-a-service model, thus providing inclusive fleet management services along with electric fuel and infrastructure development, significantly streamlining fleet electrification and allowing organizations to scale their electrification programs expeditiously.
"With the electric vehicle segment evolving rapidly, discussions around integrating these units into the fleet mix have quickly moved past simply determining which model is the best fit. Today, stakeholders from across an organization – fleet, sustainability, operations, facilities, etc. – are all involved in the process," said Emily Graham, Director of Sustainability, Holman. "As we approach potential electrification projects with our customers, it is a very consultative conversation, ensuring all the parties are aligned on the goals of the initiative. Throughout this collaborative effort with Ferguson, their intent was clear and it quickly became apparent that our partnership with Electrada could help them accelerate their goals."
Together, Holman and Electrada offer fleet operators a comprehensive, fully capitalized (vehicle and charging infrastructure) fleet management and performance-guaranteed electrification solution that allows organizations to simplify their transition to electric vehicles. This unique approach to fleet electrification provides a predictably priced contract that eliminates the significant upfront capital investment and long-term energy cost risks that often prevent organizations from adopting a robust EV program.
"Electrada couldn't be more thrilled to work with a company as forward-thinking about sustainable transportation as Ferguson. We're making a long-term program investment commitment, providing and operating all of the infrastructure, while eliminating the fuel price and operational risk of Ferguson's historic fleet transformation effort because that's the core of what we do, that's the essence of 360 Charging-as-a-Service," said Kevin Kushman, CEO, Electrada. "We developed a deep understanding of Ferguson's electrification needs based on their location-specific, real-world use cases. The solution not only provides the reliable electric fuel infrastructure that Ferguson needs to successfully accomplish their fleet electrification goals but will also reduce fuel cost per mile from day one versus fossil fuel."
Construction of the depot-charging infrastructure is underway and Ferguson anticipates taking delivery of the initial all-electric trucks before the end of the year. To learn more about Ferguson and the organization's commitment to sustainability, please visit Fergusonplc.com. For more information about Holman and Electrada's innovative electrification partnership, visit Holman.com or Electrada.com.
Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor providing expertise, solutions, and products from infrastructure, plumbing, and appliances to HVAC, fire, fabrication, and more. We exist to make our customers' complex projects simple, successful, and sustainable. Ferguson is headquartered in the U.K., with operations in North America. For more information, please visit http://www.Fergusonplc.com or follow us on LinkedIn.
Holman is a global automotive leader that serves both commercial and consumer clients The Holman Way by always doing the right thing for our people, our customers, and the community since 1924. The Holman story began nearly a century ago as a single Ford dealership in New Jersey. Today, Holman, headquartered in Mount Laurel, New Jersey, is one of the largest family-owned automotive service organizations in North America with more than 6,500 employees across North America, the UK, and Germany.
Holman delivers a unique range of automotive-centric services including industry-leading fleet management and leasing; vehicle fabrication and upfitting; component manufacturing and productivity solutions; powertrain distribution and logistics services; commercial and personal insurance and risk management; and retail automotive sales as one of the largest privately owned dealership groups in the United States. Guided by its deeply rooted core values and principles, Holman is continuously Driving What's Right. For additional information, please visit Holman.com and connect with Holman on Facebook, Instagram, LinkedIn, and Twitter.
Electrada is a Cincinnati-based developer, owner, and operator of electric vehicle infrastructure and related energy assets, serving multiple transportation segments using its unique 360 Charging-as-a-Service solution. Electrada partners with fleets to expertly design and build a 100% tailored EV charging solution, covering all of the investment required to deliver an electric fuel program to your fleet for a decade or longer. Electrada's 360 Charging-as-a-Service solution delivers an electric-fueled cost per mile that's lower than liquid fuel, from day one. Our clients just pay for their electric fuel needs – with no disruption to their operations. Electrada, founded in 2020 by energy, mobility, and utility experts, is a BlackRock Real Assets portfolio company, established to build and support high-performance EV infrastructure across North America.
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Michael Cianfrone, Holman, (856) 840-9863, [email protected]
David Stoyka, Electrada (via Marx Layne & Company), (313) 570-7899, [email protected]