- 1,000 refuse trucks to be converted from gas to electric
- Deal to reduce CO2 by 400,000mt in 5yrs, save US$323m
The Jospong Group of Companies has reached a Memorandum of Understanding (MoU) with American firm ZeroNox, a leading provider of sustainable, off-highway vehicle electrification to advance clean technology solutions in Africa.
Through the agreement, 1,000 refuse trucks from the Jospong Group subsidiary, Zoomlion, will be converted from diesel engines to electric power, utilising the ZeroNox Electric Powertrain Platform (‘ZEPP’), a prototype of the all-electric refuse truck — the first of its kind and a significant achievement in the refuse truck electrification project.
The electrification of Jospong’s 1,000-refuse truck fleet by ZeroNox is projected to reduce the amount of CO2 in the atmosphere by 400,000 metric tonnes over five years, the equivalent of 18 million mature trees. Estimated savings are US$323million over five years; and as a result, Jospong will generate a return on their investment in less than three years.
The MoU also allows Jospong to distribute ZeroNox products throughout Ghana and other African countries and to combine their expertise, efforts, knowledge of the market and experience to establish a business partnership or joint venture (JV) in Ghana.
The unveiling of the world’s largest fleet retrofit electrification project and the signing of the joint venture agreement between ZeroNox and the Jospong Group mark significant milestones for both companies and leverage Ghana as the gateway to electric vehicle and related technology distribution throughout Africa.
Leaders from the U.S. legislature and Ghanaian Government joined ZeroNox Co-Founder and Chief Executive Officer Vonn Christenson, Co-Founder and President Robert Cruess, COO Jason Eggett, and CTO Jacob Gotberg in commemorating this step toward a cleaner future for all, made possible by ZeroNox’s industry disrupting technology.
The Ghanaian delegation comprised Dr. Joseph Siaw Agyepong, Executive Chairman of the Jospong Group; Deputy Minister of Transport Hassan Tampuli; Kennedy Nyarko Osei, MP for Swedru and Chairman of the Roads and Transport Committee; George Walker, CEO of TechWorld; Mrs. Florence Larbi, COO of the Environment and Sanitation Cluster; Mr. Alex Attakora, COO of the Technical and Logistics Cluster; Noah Gyimah, Chief Investment Officer; Sophia Kudjordji, Chief Corporate Communication Officer; Patricia Ofori Atta, Assistant Communications Manager; Loworki Ahulu, Legal Manager; and Strive Kakraba, Senior Communications Officer .
“We are excited to partner with a global leader like the Jospong Group in executing the world’s largest fleet retrofit electrification project,” said Christenson. “This partnership emerged out of an alignment in the missions of our two organisations – a desire to deliver a better and more sustainable future and one where we can reduce carbon emissions without diminishing vehicle performance. We look forward to fostering similar, high-impact strategic partnerships in the future.”
During the event, ZeroNox and Jospong Group were presented with an award by the Ghanaian Government, recognising their contributions to global carbon emission reduction and the education of Ghana’s youth about green technology solutions.
Executive Chairman of Jospong Group, Dr. Joseph Siaw Agyepong, said he was happy because what started as a dream and an unreachable goal is today being unveiled before “our very eyes”.
“Thus, in 2022, the Jospong Group established a collaboration arrangement with ZeroNox to pilot retrofitting three of our waste trucks into an electric vehicle in line with its vision of promoting clean energy and sustainability to drive the ESG agenda. In line with our mission of improving the lives of people, we seek projects and investments that focus on improving the environment and general well-being of our populace, and the electrification project fits perfectly into that agenda,” he commented.
Mr. Tampuli, hinted that the Ministry of Transport and the Energy Commission are the process of rolling out key policy initiatives to oversee the transition of combustible engines to electricity vehicles.
“As businessman as he is, he has taken the lead, so we need to catch up with him by setting up all the necessary ground rules to support the roll-up,” he mentioned.
“They share our vision for advancing environmentally-sound development in the region. This momentous occasion is a critical step forward in electrification across Africa.”
ZeroNox signed a definitive business combination agreement with The Growth for Good Acquisition Corp. (Nasdaq: GFGD) (“Growth for Good”), a publicly traded special purpose acquisition company that is expected to result in ZeroNox becoming publicly listed. Completion of the transaction is subject to approval by Growth for Good’s shareholders and other customary closing conditions.
So far, a Zeronox team has visited Ghana and carried out the inspection of retrofitting factory site, location of charging station. Three waste trucks have been shipped to the United States for the pilot phase which is currently underway, expected to be completed by December 2023.
Commenting on the project, the Citi of Porterville Mayor, Martha Flores, said she was honoured and privileged to be at the event to commemorate a historic international partnership.
“These two companies are leaders in the development of clean energy, sustainability and technology.
“The partnership project is the world’s largest electrification retrofit project. The Citi of Porterville is proud to have the innovative and forward-thinking ZeroNox company based in our community,” she said.
“These two companies are bringing clean technology into Ghana and promoting sustainable development across Africa, and the Citi of Porterville currently operates sustainable and clean public transportation and innovation on demand community services.
“We are grateful to have ZeroNox to support these endeavours.
We are proud to recognize the broad global impact that results from ZeroNox and Jospong Group working through this partnership, new opportunities for economic growth and environmental stewardship are being created,” she further stated.