LION ELECTRIC'S SCHOOL BUSES ARE NOW ELIGIBLE FOR DOMINION ENERGY'S ELECTRIC SCHOOL BUS INFRASTRUCTURE PROGRAM IN VIRGINIA

Core Insights - The Lion Electric Company has announced that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia [1][3] - Dominion Energy is providing fast-charging solutions to public school districts that receive EPA Clean School Bus funding, facilitating the transition to electric school buses [2][3] - The program allows electric school buses to serve as a grid resource through vehicle-to-grid (V2G) technology, enabling energy storage and discharge during high demand periods [2][3] Company Overview - Lion Electric is a leading manufacturer of all-electric medium and heavy-duty urban vehicles, focusing on zero-emission vehicles including school buses and commercial trucks [1][5] - The company has over 15 years of experience in developing and deploying all-electric school buses, positioning itself as a leader in the industry [3][5] - Lion Electric designs and manufactures many components of its vehicles, including chassis, battery packs, and bus bodies, emphasizing its commitment to innovation and sustainability [5][6] Industry Context - Dominion Energy's program complements the EPA's Clean School Bus Program, which is expected to deploy $5 billion in funding over five years to accelerate the adoption of electric school buses across the U.S. [3] - The initiative aims to support public school districts in Virginia in their transition to electrification, enhancing clean pupil transportation [3][7] - The collaboration between Lion Electric and Dominion Energy highlights the growing trend towards electrification in the transportation sector, particularly in public services [2][3]