BOSTON--(BUSINESS WIRE)--XL Hybrids, Inc., developer of hybrid electric powertrains for commercial vans and trucks, today announced that IHS Energy has named the company an Energy Innovation Pioneer. The recognition goes to companies and entrepreneurs who are developing technologies and business plans that are transforming the energy future. XL Hybrids was recognized during IHS Energy’s CERAWeek conference, the world’s preeminent gathering offering new ideas, dialogue and insight into the energy future, held in Houston, Texas, March 3 – 7, 2014.
In announcing the award, Kristan Bodek, program manager for the Energy Innovation Pioneers at IHS Energy CERAWeek said, “XL Hybrids epitomizes what we look for in an Energy Innovation Pioneer. Their hybrid powertrain system is economic today, highly scalable and significantly reduces fuel consumption.”
As part of the conference, widely considered to be the “Davos” of the energy world, Tod Hynes, XL Hybrid’s president and founder, will be presenting the company’s revolutionary XL3 hybrid electric drive system technology, which provides a simple solution that helps commercial van, truck and shuttle bus fleets lower operating costs and meet sustainability goals by increasing miles driven per-gallon by 25 percent and reducing fuel use and carbon dioxide emissions by 20 percent.
“We are excited to receive this honor at what is widely considered the leading energy conference in the world,” said Tod Hynes. “Being named an Energy Innovation Pioneer highlights XL Hybrids’ focus to provide large fuel users an alternative solution which can compete on price and performance and scale extremely rapidly.”
XL Hybrids was also recently recognized by Fast Company in its 2014 roundup of the World’s 50 Most Innovative Companies list “for siphoning gas-guzzlers off the road.” Fast Company also recognized XL Hybrids as number three in the energy sector, behind Tesla and General Electric, in offering game changing solutions.
About XL Hybrids
XL Hybrids is the pioneering developer of hybrid electric powertrains that deliver a 25 percent increase in miles driven per-gallon and reduce carbon dioxide emissions. Recognized as one of the 2014 World’s 50 Most Innovative Companies by Fast Company, XL Hybrids supports customers such as The Coca-Cola Company and FedEx. The patent-pending XL3 Hybrid Electric Drive System is a revolutionarily simple solution that helps commercial and municipal fleets lower operating costs and meet sustainability goals. For new Class 1 to 4 commercial fleets, as well as vehicles that are already on the road, the system is installed in just five hours, and works seamlessly in the background with zero impact on fleet operations or service, and no driver training or infrastructure requirements. XL Hybrids was founded by MIT alumni and is based in Boston. For more information, visit www.xlhybrids.com or on Twitter @XLHybrids.
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 6,000 people in 31 countries around the world. www.ihs.com