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NextEra Energy, Daimler, and BlackRock have signed an agreement to establish the groundwork for a potential joint venture to build, implement, and manage a countrywide charging network for medium- and heavy-duty battery-electric and hydrogen fuel cell cars in the United States.

By 2026, the firms propose to develop a network of charging stations along major freight routes on the east and west coasts, as well as in Texas, using existing infrastructure and facilities while adding complementing greenfield sites to meet expected consumer demand.

The first phase of development is planned to begin next year, with an initial budget of $650 million distributed equally among the three partners.

“We hope to accelerate the transition of the transportation industry by partnering with Daimler Truck North America and BlackRock to make future investments in electrification improvements, charge stations, and renewables,” said NextEra Energy Resources President and CEO John Ketchum.

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Arnes Biogradlija is the founder and Editor in Chief of EnergyNews.biz, which he launched in 2021 to separate energy transition realities from fairy tales. He writes data driven analysis on hydrogen, energy storage, small modular reactors, grids and industrial policy, and leads the Energy Talks interview series. EnergyNews.biz reporting has been cited more than 100 times by the International Energy Agency.

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