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BlackRock, NextEra Pitch EV Charging Network for U.S. Truck Routes

  • Daimler Truck is third partner in planned $650 million venture
  • Plan includes hydrogen refueling stations for fuel-cell trucks
A Mercedes-Benz eActros electric cargo truck.
A Mercedes-Benz eActros electric cargo truck.Photographer: Krisztian Bocsi/Bloomberg

BlackRock Inc., Daimler Truck Holding AG and NextEra Energy Inc. aim to spend $650 million to build and operate battery charging and hydrogen refueling stations for trucks across the U.S.  

The companies agreed to collaborate on building a U.S. network of charging sites on critical freight routes along the east and west coasts and in Texas by 2026, according to a statement issued Monday. Each company will contribute equally for the proposed joint venture, with construction starting next year.