Benzinga | Jan 31, 2022 07:11AM EST

UPDATE: Initial Funding Is Expected To Be Comprised Of Approximately $650M Divided Equally Among The Three Parties

PORTLAND, Ore., Jan. 31, 2022 /PRNewswire/ -- Daimler Truck North America LLC (DTNA), NextEra Energy Resources, LLC and BlackRock Renewable Power (BlackRock) today announced that they have signed a Memorandum of Understanding (MOU) to lay the foundation for a proposed joint venture (JV) to design, develop, install and operate a nationwide, high-performance charging network for medium- and heavy-duty battery electric and hydrogen fuel cell vehicles in the U.S. With the goal of accelerating the rollout of carbon-neutral freight transportation, start of operations for the future JV is planned for 2022. Initial funding is expected to be comprised of approximately $650 million divided equally among the three parties.