New Public-Private Partnership between Hertz and Cities aims to Transform the Rental Car Industry and Accelerate Mainstream Consumer Adoption of Electric Vehicles
WASHINGTON, DC, January 19, 2023. Today, Hertz (NASDAQ: HTZ) announced a new public-private partnership initiative, Hertz Electrifies, aimed at accelerating the transition to electric vehicles, while creating economic opportunity and environmental benefits for communities. In partnership with mayors across the country, Hertz will bring its EV fleet to American cities, while supporting the build out of charging infrastructure, creating educational and training opportunities for high-quality jobs in a new era of mobility, and engaging with local organizations to extend the benefits of electrification to underserved communities. Hertz Electrifies is launching in Denver, Colorado in partnership with Mayor Michael B. Hancock.
“Electric vehicles are poised to transform the future of mobility,” said Hertz CEO Stephen Scherr. “That’s why Hertz is investing in the largest electric vehicle rental fleet in North America and bringing a new driving experience to leisure and business customers, as well as rideshare drivers. I can think of no better partner in Hertz’s shift towards electrification than America’s cities, where innovation is happening. Hertz is proud to launch Hertz Electrifies in partnership with the city of Denver, which is fast becoming a center for sustainability under the leadership of Mayor Michael Hancock.”
Through the initiative, Hertz aims to:
“Our goal is to reduce Denver’s carbon emissions 80 percent by 2050, and expanding the use and availability of electric vehicles will play a major role in helping us achieve that goal. This partnership with Hertz will provide invaluable data about where we need charging infrastructure the most, as well as provide new opportunities with this new technology to create good-paying jobs for our current and future workforce,” said Denver Mayor Michael B. Hancock. “Electric vehicles can benefit every community in Denver, and we’re proud to work with Hertz to ensure that electrification opportunities reach across the city.”
“This is integrated energy in action,” said Denver native and bp America chairman and president Dave Lawler. “bp is transitioning for a lower carbon future, and our partnership with Hertz to roll out gigahub charging in the US will help the world do the same. Dynamic urban centers like Denver are a priority focus – and we’re just getting started.’”
About Hertz Electrifies
Hertz Electrifies is a new public-private partnership aimed at furthering the mainstream adoption of electric vehicles and extending the benefits of electrification to communities throughout the United States. The initiative has five pillars: (1) electric vehicle and charging infrastructure; (2) creating jobs of the future; (3) broadening economic opportunity; (4) community engagement; and (5) policy and city planning analysis.
Fairbanks International Airport Baggage Transport Conveyor Enhanced With Mod Drive™ System
Airports face a host of unique industry challenges, such as meeting efficiency regulations and seeking out the best maintenance practices to reduce costs and keep operations flowing. In today’s current economic climate, any potential cost savings can go a long way.
In 2019, Alaska’s Fairbanks International Airport (FAI) sought to modernize its equipment and operations. They were dissatisfied with the performance of the gearmotors on their baggage transport conveyors and began searching for new suppliers. Regal approached FAI with a solution that could improve equipment performance and simplify maintenance, with the added benefit of energy cost savings: the Hub City® MOD Drive™ system.
This white paper discusses the hardware deployed, the test results and the annualized expectations for ROI.