Hamilton Southeastern Schools district leaders in Indianapolis prioritize a drive toward a cleaner, more sustainable future.

That commitment was recognized earlier this month when the district was named 2026 School Bus Fleet of the Year by Drive Clean Indiana, the state’s clean cities coalition, recognized by the U.S. Department of Energy, during the organization’s annual Breakfast of Champions in Indianapolis.

The March 16 recognition occurred alongside Work Truck Week, where industry stakeholders gathered to celebrate advancements in clean transportation. The Breakfast of Champions featured a keynote address by four-time Indianapolis 500 winner Helio Castroneves, underscoring the broader connection between performance, innovation and energy.

The award highlights a year of progress for one of Indiana’s largest school districts. In June 2024, School Transportation News visited Hamilton Southeastern Schools ahead of its STN EXPO East conference in Indianapolis. At the time, Director of Transportation Zach McKinney said the department had one electric school bus purchased in 2022. McKinney was recognized as a 2020 STN Rising Star. He currently serves as president and director-at-large for the School Transportation Association of Indiana.

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McKinney previously told STN the electric transition has been a good experience, and now he and his staff have the knowledge needed to provide feedback to others. However, he added it’s hard for the district to subsidize the cost financially without the aid of grants.

“It’s not obtainable by most school districts,” he said last June, adding that he’s not going to sacrifice the purchasing two and half diesel buses for the same money it takes to buy one electric bus.

However, McKinney shared with STN last week that Hamilton Southeastern was awarded funding for nine more electric school buses.

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ATLANTA — Heliox, A Siemens Business, a leader in EV charging solutions, introduces the H60D fast charger, a compact, high-utilization solution designed for a wide range of vehicles including cars, buses, and trucks. The system combines a dynamic power allocation between its two CCS1 outlets, broad EV and backend compatibility, and flexible mounting options to support higher charger usage across a wide variety of sites.

The H60D enables two parallel charging sessions from a single unit, cutting both hardware spend and footprint while increasing the number of vehicles that can be served at each location. Both outlets can operate simultaneously and share power dynamically, allowing operators to either deliver the full 60 kW to one vehicle or distribute power between two vehicles as demand shifts throughout the day. With 60 kW rated output and up to 150 A maximum DC current, the charger delivers efficient DC charging for a variety of cars, buses, and trucks, helping reduce overall charging time and keep assets in service.

EV compatibility is supported by US-based in-house testing and development capabilities, ensuring seamless integration. The charger’s flexible design allows deployment as wall- or pedestal-mounted and in either networked or standalone configurations, so operators can scale and customize installations to match site constraints and operational priorities. A new RFID capability expands driver access management, enabling Heliox products to deliver flexible authentication across fleet operations. Peak efficiency above 96% minimizes power losses and energy use while maximizing energy delivered to vehicles. A NEMA 3R-rated enclosure enables safe, reliable operation indoors or outdoors and is engineered to stand up to daily wear and tear, expanding siting options from depots and yards to parking lot environments. A compact, low-profile enclosure helps operators fit chargers into new or existing facilities with minimal disruption, further decreasing benchmark installation time through design improvements.

Built for interoperability and future-readiness, the H60D supports the SAE J1772 (CCS Type-1) standard, providing compatibility with the dominant North American DC fast-charging connector. A broad 200–1,000 V DC output range enables support for today’s and next-generation commercial EV battery platforms, protecting infrastructure investments as vehicle technology evolves. Communication based on open standards, incl. OCPP 1.6J and OCPP 2.0.1, enables robust vehicle-to-charger connectivity and supports advanced smart-charging capabilities.

Engineered and manufactured in the United States, the H60D leverages domestic engineering and production quality standards, with system-wide durability and thermal upgrades that support consistent performance over the product’s lifecycle. Rated to operate from -22°F to +131°F, the charger delivers reliable performance across diverse climates and seasonal conditions, enabling nationwide deployment strategies without extensive customization.

To support long-term reliability and predictable lifecycle performance, the H60D includes a standard 24‑month warranty and optional preventative maintenance programs that help operators maintain high uptime and optimize asset performance over the charger’s service life. This comprehensive support model gives fleets and site hosts confidence that their charging infrastructure will perform reliably and remain a strong, future-ready asset in their operations.

About Heliox, A Siemens Business

Heliox, A Siemens Business, delivers world class EV charging equipment, services, and robust solutions for a broad range of EV fleets. Our portfolio encompasses all aspects of smart and efficient AC and DC charging infrastructure, including IoT-connected hardware, software, and a comprehensive service offering. Designed and manufactured in North America, Heliox builds UL and CSA compliant products that also meet Build America, Buy America Act (BABA) standards. Heliox’s high-quality, field-proven charging products are now backed by Siemens’ financial strength, global reach, and long-term stability—delivering the best of both worlds.

For more information, visit www.heliox-energy.com.

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Heliox, A Siemens Business (Heliox), a leader in EV charging solutions, will showcase its latest fleet and commercial EV charging innovations at the EV Charging Summit & Expo, taking place March 17–19, 2026, in Las Vegas, Nevada, at Booth 641. The company will feature its versatile Heliox 60 kW DC chargers, including the new dual-port pedestal and single-port mobile units. It will also showcase its next-generation Heliox 44 kW V2G bidirectional DC charger and the powerful VersiCharge Blue 80A AC Series. Together, these solutions underscore Heliox’s commitment to reliable, future-ready infrastructure for fleets, depots, and commercial sites.

Heliox will spotlight its 60 kW chargers, delivering compact, adaptable DC fast charging for cars, buses, and trucks, making it ideal for depots, maintenance yards, and temporary or evolving sites. The lineup now includes the new Heliox 60 kW Dual, which offers two outlets for parallel charging and dynamic power sharing (1×60 kW or 2×30 kW) to optimize CAPEX utilization and serve more vehicles from a single unit. Available in both hardwired and portable configurations, in networked or standalone operation, and in single- and dual-connect variants, the system can be deployed as a single unit or in multiples and mounted on a wall, pedestal, or mobile cart to match each fleet’s power availability and long-term growth plans.

Heliox will showcase its 44 kW V2G DC charger, a next generation bidirectional solution that enables vehicles to both charge quickly and discharge energy back to the grid or facility, helping fleets turn parked EVs like school buses, into flexible energy assets. Designed and manufactured in the United States, the system supports grid services and new revenue opportunities while offering a compact design and intuitive operation to support long term reliability in demanding fleet environments.

Building on this DC fast charging and V2G foundation, Heliox will also feature the VersiCharge Blue 80A AC Series, a powerful Level 2 AC charger engineered for fleets, school buses, and commercial EV applications. Delivering up to 80A and 19.2 kW of power with flexible installation options and connected smart charging features, the VersiCharge Blue 80A AC Series helps operators manage energy use, control costs, and seamlessly integrate AC charging into modern depots, yards, and workplaces.

As part of the event program, Job van Campen will join other industry leaders on a panel session titled “V2G: Harnessing EVs as a Grid Resource for Reliability and Resiliency” on March 19, 2026, at 11:00 a.m. PT. During the session, he will explore how vehicle-to-grid technology can transform EV fleets into dynamic grid assets, enabling operators and utilities to enhance reliability, support the integration of renewable energy, and create new economic value from existing fleet investments. Attendees can visit Booth 641 to continue the conversation with Heliox experts and see how solutions like the Heliox 44 kW V2G can support real-world use cases, from demand response and peak shaving to backup power during outages.

Across its 44 kW V2G, 60 kW DC chargers, and VersiCharge Blue 80A AC Series platforms, Heliox, A Siemens Business, continues to deliver smart, efficient, and reliable charging solutions backed by global expertise and robust local support. With UL compliant, Build America, Buy America ready products, advanced connectivity, and comprehensive service offerings showcased at Booth 641, the company is positioned to help fleets, operators, and commercial customers scale electrification with confidence as infrastructure demands grow.

About Heliox, A Siemens Business:
Heliox, A Siemens Business, delivers world class EV charging equipment, services, and robust solutions for a broad range of EV fleets. Our portfolio encompasses all aspects of smart and efficient AC and DC charging infrastructure, including IoT-connected hardware, software, and a comprehensive service offering. Designed and manufactured in North America, Heliox builds UL and CSA compliant products that also meet Build America, Buy America Act (BABA) standards. Heliox’s high-quality, field-proven charging products are now backed by Siemens’ financial strength, global reach, and long-term stability—delivering the best of both worlds. For more information, visit www.heliox-energy.com.

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VANCOUVER, Canada,  – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that the Company has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), the “Equity Rule,” and otherwise satisfies all applicable criteria for continued listing on The Nasdaq Capital Market.

“Over the past few months GreenPower has completed a series of transactions including raising new capital with an equity offering of Series A Convertible Preferred Shares for up to $18 million, term loans of $5 million and a new banking relationship with CIBC including a line of credit and term loan. In addition, the Company exchanged $7 million of related party loans for convertible debentures and $3 million of related party loans for Series B Convertible Preferred Shares,” said Fraser Atkinson, CEO of GreenPower. “These transactions have helped the Company regain full compliance with the Nasdaq listing criteria as well as with the execution of our strategic goals.”

Notwithstanding the Nasdaq compliance determination, the Company will remain subject to a Panel monitor for one year. If, within that one-year monitoring period, Staff finds the Company again out of compliance with the Equity Rule that was the subject of the hearing, the Company will be subject to a delisting determination and will not have the opportunity to present a compliance plan for the Staff’s consideration. However, the Company will be afforded the opportunity to request a hearing before the Hearings Panel, and the hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.

The Company’s common stock will continue to trade on Nasdaq under the ticker symbol “GP.”

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

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VANCOUVER, Canada  – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported revenue of $8.5 million and net income of $4.2 million as a part of its financial results for the period ended December 31, 2025.

“Despite significant headwinds in the EV sector in general, GreenPower has made substantial strides with its transition from building EVs on spec., to a production strategy driven by building EVs to customer orders.” said Fraser Atkinson, GreenPower Chairman and CEO. “This transition has required recapitalization of the Company, retooling our manufacturing, managing inventory, and obtaining sources of production funding.”

“GreenPower is very excited about the excellent progress in the deployment of all-electric, purpose-built school buses during the last quarter in New Mexico; Continuing to perform on the state sponsored, two-year, zero emissions school bus pilot project.” said Brendan Riley, President of GreenPower. “This project uses the compelling West Virginia pilot project as its model but is focussed on the specific needs of New Mexico school districts where there will be challenges on deploying in both city and rural settings, challenges with charging infrastructure and operating the school buses in extreme cold weather at high elevations.”

Third Quarter 2026 Highlights
Generated revenues of $8.5 million in the third quarter of the 2026 fiscal year compared to $7.2 million for the third quarter in the previous year. Revenue was generated from the sale of vehicles, parts, leases and deferred income. Gross profit on the sale of vehicles was approximately 28%.

Total sales, general and administrative costs of $2.4 million in the third quarter compared to $5.2 million for the third quarter in the previous year representing a significant reduction in the Company’s recurring expenses. Excluding non-cash items, the sales, general and administrative costs in the current quarter were less than $2 million.

Working capital of more than $5 million and increased cash from the beginning of the fiscal year.

During the quarter the Company undertook the management of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Program. The contract with the state of New Mexico provides funding of more than $5 million for the deployment of GreenPower’s all-electric Type A Nano BEAST, Type A Nano BEAST Access, Type D BEAST and Type D Mega BEAST school buses, charging infrastructure and management of a pilot project in the state.

During the quarter the Company raised gross proceeds of $1,120,050 from the issuance of Series A convertible preferred shares (the “Series A shares”) with a stated value of $1,179,000. The initial tranche was comprised of 754 Series A shares issued pursuant to an effective shelf registration statement and 425 Series A Shares issued in a concurrent private placement. The Company and investor agreed that a follow-on tranche of 926 Series A Shares with a stated value of $926,000 and purchase price of $879,700 will be issued at a later date. The institutional investor has the right to acquire and the Company has the right to issue additional Series A Shares in tranches of up to $2 million, subject to certain terms and conditions, to a total of up to US$16 million

Subsequent to the end of the quarter GreenPower completed several transactions to recapitalize the Company. The Company closed on two term loans for a total of $5 million, closed on the new banking relationship with CIBC including a line of credit and Term Loan, paid out the existing bank line of credit, exchanged $7 million of related party loans for convertible debentures and exchanged $3 million of related party loans for Series B Convertible Preferred Shares.

For additional information on the results of operations for the period ended December 31, 2025 with the financial statements and related reports posted on GreenPower’s website as well as on SEDAR Plus or on EDGAR.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

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Heliox, A Siemens Business, a leader in EV charging solutions, is proud to highlight its VersiCharge Blue 80A, engineered for the most demanding fleet and commercial vehicle charging environments. Designed to deliver up to 80A AC (19.2 kW) power output, the VersiCharge Blue 80A ensures that fleet operators can keep vehicles moving efficiently and reduce operational downtime. With Level 2 charging capability via a J1772 connector and a 24-foot cable, this solution is compatible with most standard EVs, E-Trucks and School Buses, and streamlines installation and daily operation for maximum flexibility and reach.

This charger exemplifies robust quality, featuring Buy America compliance to meet government procurement requirements and ENERGY STAR certification to support lower operational costs and high energy efficiency. Safety remains paramount, as the VersiCharge Blue 80A holds multiple UL listings and carries a NEMA 4 and IK10 rating to ensure exceptional resilience against extreme temperatures, humidity, and physical impact. Backed by a 3-year warranty, customers gain peace of mind knowing their investment is safeguarded for the long haul.

Connectivity is central to the VersiCharge Blue 80A’s design, with cellular and Wi-Fi networking providing easy remote monitoring and flexible network-sharing in commercial deployments. Site safety and aesthetics are prioritized thanks to retractable cable management, reducing trip hazards and maintaining a clean, professional appearance. State-of-the-art smart charging features, including ISO15118-2 hardware readiness and OCPP 1.6J support, enable advanced load management, authentication, security, and future compatibility, while Sifinity Setup mobile app configuration simplifies multi-charger installations.

Precise energy tracking is guaranteed by embedded metering, helping operators optimize usage and manage costs. Built for resilient operation, the unit withstands wide temperature swings from -40°C to 50°C (>50°C with derating) and functions reliably in up to 98% humidity, making it ideal for harsh climates and challenging locations. Wall or post mounting options offer flexible installation for any site layout, and over-the-air (OTA) software upgrades future-proof investments by delivering remote updates and new capabilities.

Engineered for versatility, VersiCharge Blue 80A features rated current settings from 12A to 80A to easily accommodate varying power needs across fleet and facility applications. Its recommended wire cross section of 3 AWG with a 90°C minimum ensures safe, high-capacity wiring and consistent performance even under heavy usage. Built-in ground fault and overvoltage protection shield both users and vehicles against electrical risks, while multicolor LED indicators provide instant feedback on charging status, connectivity, and fault diagnostics to streamline site management.

Advanced OCPP and ISO15118-2 user authentication deliver enterprise-grade security and fleet management capability. The charger operates at altitudes up to 6,562 feet, expanding site possibilities in high-elevation regions, and customizable mounting options ensure seamless integration in diverse venues.

With VersiCharge Blue 80A, Heliox, A Siemens Business, is bringing a powerful blend of reliability, safety, and intelligent connectivity to the heart of fleet and commercial EV operations, enabling customers to scale with confidence as electrification demands grow.

About Heliox, A Siemens Business
Heliox, A Siemens Business, delivers world class EV charging equipment, EV charger maintenance and support services, and robust solutions for a broad range of EV fleets. Our portfolio encompasses all aspects of smart and efficient AC and DC charging infrastructure, including IoT-connected hardware, software, and a comprehensive service offering. Heliox manufactures UL compliant products that meet Buy America Act (BAA) and Build America Buy America (BABA) standards. Heliox’s high-quality, field-proven charging products are now backed by Siemens’ financial strength, global reach, and long-term stability—delivering the best of both worlds.

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NEW YORK, N.Y. Zenobē, a global leader in fleet electrification, has partnered with Educational Bus Transportation, Inc. (EBT), a school transportation provider in New York’s Nassau and Suffolk Counties, on a fleet electrification project serving Long Island’s Copiague Public Schools.

The project encompasses an initial phase of 10 electric school buses and associated charging infrastructure. The 10 electric school buses will be placed into service and provide clean zero-emission transportation for the district’s 4,500 kindergarten through 12th grade students. It is supported by the New York School Bus Incentive Program, administered by the New York State Energy Research and Development Authority (NYSERDA). Zenobēprovided additional funding.

Zenobē will develop and manage the charging infrastructure at the site, which will include a scalable design that allows EBT, and its managing company The Trans Group, to continue expanding the electric fleet. The Trans Group companies currently own and operate over 1,400 buses across the pupil transportation and transit sectors.

“As a long-time provider of transportation services to Long Islanders, we’re excited to continue the process of bringing clean school buses to our students and drivers,” said Tim Flood, Executive Vice President, The Trans Group. “The combination of NYSERDA funding and Zenobē’s experience and knowledge are vital to keep our successful transition to clean rides for our students on track.”

“We look forward to supporting EBT and The Trans Group and being a part of New York State’s ambition to progress toward cleaner and healthier student transportation options,” said Maggie Clancy, Executive Vice President for Zenobē. “We see our role as providing more than just technical services and support. We’re delivering confidence and peace-of-mind through battery performance guarantees, cost-efficient charge management services, and partnership to make this fleet both operationally reliable and financially sustainable.”

As part of the turnkey fleet electrification services provided to EBT, Zenobē will manage the fleet’s batteries and charging infrastructure and guarantee performance, ensuring that EBT’s buses are at-the-ready for their required routes and the important job of transporting students safely to school. To futureproof the depot, EBT and Zenobē are working closely with the local power provider to coordinate power availability to serve the fleet as it expands.

NYSERDA Director of Clean Transportation Adam Ruder said, “NYSERDA is proud to support Educational Bus Transportation and its partner Zenobē to bring electric school buses to Long Island’s Copiague Public Schools. Together we are ensuring that students and the communities they live in benefit from clean vehicles that reduce pollution and improve air quality.”

“This project shows how private capital and public funding can work together to accelerate transport decarbonization,” said Shreya Malik, Managing Director at KKR, an investor in Zenobē. “Zenobē’s strategic partnership with EBT demonstrates how proven fleet electrification platforms can help operators meet state mandates while delivering affordable, cleaner and more sustainable transportation for local communities. We’re proud to support Zenobē as it scales its solutions across North America.”

Programs such as the New York School Bus Incentive Program, funded by New York’s Clean Water, Clean Air and Green Jobs Environmental Bond Act, when paired with technology solutions from the private sector and other resources like Zenobē’s private capital and expertise, are putting more electric school buses on New York State’s roadways.

About Zenobē Energy Ltd. (Zenobē):
Zenobē is a global EV fleet and grid-scale battery storage specialist. The company began operations in 2017 and now employs >380 FTEs with a wide range of leading skills including electrical engineering, software development, computer sciences and financing. Zenobēsupports over 3,400 electric vehicles across 122 depots globally and is the largest owner and operator of EV buses in the U.K., Australia and New Zealand. Zenobē is also the leading owner and operator of grid-scale batteries on the Great Britain transmission network with >1GW of battery storage assets in operation or under construction. Zenobē’s North American headquarters are in Chicago with a subsidiary office in New York and it is actively hiring in Canada and the U.S. For more information visit Zenobe.com or LinkedIn.

About EBT and The Trans Group:
EBT (Educational Bus Transportation, Inc.) provides public school transportation for school districts in Nassau County and western Suffolk County, NY, including Copiague, Massapequa, Amityville, Seaford, Wantagh, Farmingdale, South Huntington, Half Hollow Hills, Bethpage, Hicksville and Western Suffolk BOCES. It is a managed entity of The Trans Group which provides transportation to hundreds of thousands of passengers annually in lower New York State and Long Island. With more than 1,300 vehicles and over 2000 employees, The Trans Group is actively involved in the school bus industry on the state and federal level. For more information visit: thetransgroup.com.

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SANTA TERESA, N.M. – GreenPower Motor Company Inc. (NASDAQ: GP) (“GreenPower” or the “Company”) a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today cited New Mexico’s electric vehicle ecosystem, the Santa Teresa Foreign Trade Zone designation and financial incentives offered by the state as reasons the Company has announced plans to open a manufacturing facility in New Mexico.

“This is a big win for New Mexico,” said U.S. Senator Martin Heinrich. “After hosting a congressional briefing with GreenPower on strengthening domestic EV supply chains, it was clear that building these electric heavy-duty vehicles in America means creating high-quality jobs and staying competitive in the race for the future of transportation. I’m proud that this partnership helped bring GreenPower’s manufacturing, servicing and operations to New Mexico — creating 340 permanent jobs in Santa Teresa and delivering cleaner air for our kids.”

“We are excited about yesterday’s announcement of an agreement with the state of New Mexico for the establishment of GreenPower’s new manufacturing facility in Santa Teresa, New Mexico,” said Fraser Atkinson, CEO of GreenPower. “The Company looks forward to working closely with local stakeholders, government leaders and financial partners to create new jobs, drive economic development and accelerate the transition to zero-emission transportation in New Mexico and beyond. Being part of a larger ecosystem in the electrification of transportation for the region will ensure a successful and economically strong manufacturing presence in the state.”

“We are proud to welcome GreenPower to Doña Ana County and the Santa Teresa region,” said Scott Andrews, Doña Ana County Manager. “This announcement reflects the power of collaboration, between local government, the state of New Mexico, the New Mexico Partnership, Mesilla Valley Economic Development Alliance and the Border Industrial Association — working together to create an environment where innovative manufacturers can thrive. GreenPower’s investment reinforces our region’s role as a leader in advanced manufacturing, clean transportation and cross-border trade.”

In May 2025 New Mexico entered into a contract to help achieve its fleet mandate which requires all state agencies to buy zero-emission vehicles when available, with the entire state fleet being zero-emission by 2035. The contract will help electrify more than 5,000 state fleet vehicles through EVaaS (Electric Vehicles as a Service) with a turnkey electrification solution. A separate contract, also awarded in 2025, makes a $400 million investment over four years to provide comprehensive EV fleet electrification, supporting the state’s zero-emission goals by electrifying more than 2,000 school buses and 3,500 state transit and “white fleet” vehicles, deploying charging infrastructure and integrating V2G technology, all under New Mexico’s “Electrify New Mexico” initiative.

“The state of New Mexico has established several policies and programs designed to aggressively promote the adaption of zero-emission vehicles,” Atkinson continued, noting major contracts and requirements have been put in place in the state. “GreenPower’s redesigned capital, assembly and distribution goals fit perfectly within the state’s direction allowing us to benefit from both manufacturing and deployment strategies.”

A strategic investment totaling $14.6 million was committed by the state to provide the financial incentives necessary for the establishment of the new manufacturing facility and was a major factor in the Company’s decision to locate a new facility in New Mexico. Of the total $5 million was offered through the New Mexico Local Economic Development Act (LEDA) program which helps local governments support businesses locating in the state, focusing on job creation and economic growth through public-private partnerships. Additionally, GreenPower will receive $4.6 million in job training incentive funds (JTIP), $1.36 million in Rural Jobs Tax Credit (RJTC) and $3.65 million as part of New Mexico’s High-Wage Jobs Tax Credit program.

The Santa Teresa Borderplex is a rapidly growing economic zone in southern New Mexico, centered around the Santa Teresa Port of Entry, a key U.S.-Mexico trade hub with major rail links (Union Pacific, BNSF) connecting to ports like Long Beach and Houston. It’s a hub for manufacturing, logistics and advanced tech, where significant state investment has been made in infrastructure, like the Border Highway Connector.

“Santa Teresa’s designation as a Foreign Trade Zone offers substantial benefits for GreenPower,” Atkinson stated. “The FTZ allows us to streamline customs procedures and cost-effective import and export operations. Most importantly it allows the Company to take financial advantage of the designation related to inventory, parts and distribution. The ability to make capital decisions without fear of tariff uncertainties is a game changer in the current environment.”

GreenPower anticipates setting up operations at the facility in Q1 of 2026 and take possession of the manufacturing plant June 1, 2026.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com.

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VANCOUVER, Canada, – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” or the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that it has received credit approval from CIBC for $5 million in financing facilities, comprised of a $3 million revolving line of credit and a $2 million term loan with a three year term. Additionally, the Company has received credit approval from CIBC to enter into a letter of credit of $450,000, secured by cash collateral, and a letter of credit facility of up to $2.5 million, which is subject to approval from another financial institution. GreenPower’s transaction with CIBC is subject to finalizing documentation, as well as satisfaction of all closing conditions, and all parties are actively working towards a timely completion. In addition, GreenPower has announced that it has closed $5 million in term loans from two family offices, which have provided personal joint and several guarantees in support of these credit facilities. A portion of the net proceeds from the financings will be used to repay and close the Company’s existing operating line of credit, with the remainder used for general corporate purposes. These transactions represent an important step in the recapitalization of the Company and will allow GreenPower to accelerate production of all-electric vehicles to fulfil existing customer orders.

The Company has agreed to issue 3,205,128 non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to one of the family offices. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a “Share”) at an exercise price of US$0.78 per Share for a period of thirty-six (36) months from the closing date of the Loan. In addition, the Company has agreed to issue to one of the family offices an aggregate of 641,025 Shares (each a “Loan Bonus Share”). The family offices are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and each of the loans with the family offices and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(g) and 5.7(e) of MI 61-101.

All securities issued in connection with the loans with the family offices will be subject to a statutory hold period of four months plus a day from the closing of the loan in accordance with applicable securities legislation.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

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SANTA FE, N.M.— Electric vehicle manufacturer GreenPower Motor Company (NASDAQ: GP) today announced they have reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa, NM.

Internationally headquartered in Vancouver, Canada, with current operational facilities in southern California and West Virginia, GreenPower is a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space, and school bus sector.

The new 135,000 sq. ft. facility in Santa Teresa will become the company’s base for North American operations and US corporate headquarters. The move is estimated to generate over $200 million in economic impact for New Mexico over the next decade, creating more than 340 jobs.

The company will receive a $5 million LEDA award from the state and $4.6 million in job training incentive funds (JTIP). The company also qualified for a $1.36 million Rural Jobs Tax Credit (RJTC) and $3.65 million as part of New Mexico’s High-Wage Jobs Tax Credit program.

“Establishing GreenPower’s new manufacturing facility in Santa Teresa marks a significant milestone in our expansion and commitment to safe, sensible, sustainable transportation solutions,” said Fraser Atkinson, CEO of GreenPower. “This strategic move leverages the region’s highly skilled and dedicated workforce, which has long been recognized as a key driver of economic growth and innovation in southern New Mexico.”

Santa Teresa’s Foreign Trade Zone designation was a key factor in the company’s decision, offering streamlined customs and cost-effective trade that support efficient production and distribution of zero-emission vehicles across North America. The designation also provides access to the North American Development Bank, underscoring the project’s cross-border economic and environmental impact.

These incentives and programs enhance the company’s ability to efficiently produce and distribute zero-emission vehicles, parts and inventory throughout North America and beyond, reinforcing New Mexico’s role as a hub for green manufacturing and international commerce.

“Our decisive commitment to the goal of net zero emissions ensures New Mexico’s position as a leader in the nation’s clean energy transition,” said Governor Michelle Lujan Grisham. “With this strategic investment, we’re creating high-quality jobs and strengthening our economy while building the carbon-free energy future New Mexico’s families deserve.”

In 2025, GreenPower worked with EDD to launch the state’s first all-electric, zero-emission school bus pilot project at two Las Vegas public schools and a Santa Fe charter school. The continuing 2-year pilot program supports New Mexico’s Energy Transition Act, designed to transition the state toward the goal of 100% zero-carbon electricity supply by 2045.

“The electric school bus pilot project was an important first step in bringing GreenPower manufacturing and their high-quality jobs to New Mexico,” said EDD Cabinet Secretary Rob Black. “The real-world data and insights we are gaining from the pilot project will help inform New Mexico’s electric school bus roll-out and specifications, ensuring that fleets are safe, efficient and tailored to the unique needs of local districts.”

“Governor Lujan Grisham’s steadfast commitment to advancing zero-emission vehicles has provided a supportive policy environment that encourages companies like GreenPower to invest and innovate,” said GreenPower President Brendan Riley. “Her administration’s ambitious sustainability goals align perfectly with GreenPower’s mission to deliver clean, reliable transportation solutions, contributing to a healthier environment and a stronger state economy.”

“We know the transportation sector is the largest contributor to greenhouse gas emissions in the nation — here in New Mexico, we want to lead on policy, manufacturing and deployment of zero emissions vehicles,” said New Mexico Secretary of Transportation Ricky Serna. “GreenPower’s move to the state is an important part in helping the state achieve these important energy transition goals.”

In support of those sustainability goals, GreenPower will offer dealer-level pricing to the state for a comprehensive lineup of Class 4 all-electric, purpose-built, zero-emission commercial vehicles. The selection includes a variety of options like box trucks, refrigerated trucks, passenger vans, buses, utility trucks and stakebed trucks meeting the diverse needs of public agencies and commercial operators throughout the region.

A public press conference featuring the company’s all-electric, purpose-built, zero-emission Class 4 commercial vehicles and school buses will take place in Santa Fe during the state’s upcoming legislative session.

The post GreenPower Motor Company Chooses New Mexico for Advanced EV Manufacturing Facility appeared first on School Transportation News.

Find the latest vehicle production data and budget reports, industry trends, and contact information for state, national and federal agencies, manufacturers, dealers, and suppliers.

Read the full 2026 Buyer’s Guide.

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Hydroelectric energy is the “backbone of clean power,” but an urgent need to improve efficiencies is driving engineers to explore a whirlwind of options Among alternative energy solutions, wind, solar, and hydrogen capture the majority of attention. Yet the combined output from these sources pales in comparison to that of hydroelectric power. Producing more than …

The post Redefining Renewable Energy: A Critical Push to Optimize Hydroelectric Power Efficiency appeared first on Alternative Energy HQ.

There are many benefits to entering the world of EV ownership. If you’re in the market for a new vehicle and are considering switching from gas-powered to electric, you’re probably wondering about the cost differences and how they’ll affect you long term. If you’re ready to shop the different used cars for sale, we have plenty of electric cars for sale in Madison, WI, at our dealership: cars that will save you money long-term.

The Tax Benefits

Unlike gas-powered vehicles, electric vehicles qualify owners for a significant tax credit. Most popular electric vehicle models qualify for this incentive, and the total tax credit ultimately depends on the vehicle’s battery size. Drivers who choose hybrid models will receive a lower tax credit than those who choose fully electric vehicles, in which case you can expect several thousand dollars in federal incentives.

Fuel Savings

Buying an electric vehicle means you’ll no longer have to plan regular trips to the gas station, search for the cheapest or least crowded station, and fight over pumps when the prices rise or there’s yet another gas shortage. You’ll save thousands of dollars yearly in fuel costs because you won’t have to rely on gas to power your vehicle.

Plus, you can take advantage of the many free public charging stations at restaurants, universities, gas stations, and other locations all over the country. Whether driving around your local area or heading out on a road trip, you can search for free charging stations online with an interactive map that will give you links to locations throughout the country.

You’ll Save Money on Vehicle Maintenance

Because electric vehicles require fewer parts than traditional vehicles, the maintenance costs are far cheaper than gas-powered vehicles. Drivers who choose electric vehicles may spend 40% less on maintenance costs than those who own gas-powered vehicles.

Shopping for Used Cars for Sale? Consider an EV

If you’re in the market for a pre-owned vehicle, you can’t go wrong with an electric option. In the long run, you’ll benefit from tax incentives, save money on fuel and maintenance, and help the environment.

At Zimbrick Automotive, we have electric vehicles that can meet the needs of drivers with all different lifestyles and budgets. Whether you’re looking for an economical or luxury vehicle, we have plenty of options. The most popular automotive brands, like BMW, Porsche, Audi, GMC, Chevrolet, Mercedes-Benz, and more, have designed some incredible electric options, and we carry them here at our dealership.

If you want to enter the electric vehicle world, our expert team can help you choose the right option at the right price. Visit us today at Zimbrick Automotive to browse our new and pre-owned electric vehicle inventory, learn more about the advantages of driving an EV, and test drive your favorite model.

The post The Overall Cost of EV Ownership appeared first on Zimbrick Automotive Blog.