EquipmentShare and Cummins Announce Landmark Collaboration to Deploy 1 Gigawatt of Mobile Power

Multi-year fleet expansion combines advanced power technologies, nationwide rental distribution, and connected fleet intelligence to bridge the national power gap.

COLUMBIA, Mo.--(BUSINESS WIRE)--EquipmentShare.com Inc (Nasdaq: EQPT) ("EquipmentShare"), a leader in connected jobsite technology and one of the largest construction equipment rental providers in the United States, today announced a multi-year fleet agreement with Cummins Inc. ("Cummins"), a global leader in power solutions products. This relationship positions EquipmentShare as a key rental and distribution channel for Cummins, with expected fleet growth to 1 gigawatt of natural gas power generation capacity to support major energy projects across the United States (“U.S.”).

As the U.S. experiences a surge in industrial development and critical infrastructure, contractors face a critical bottleneck: regional utility providers are struggling to keep pace with soaring power demand. According to the North American Electric Reliability Corporation, peak electricity demand in the U.S. is projected to surge by over 220 gigawatts over the next decade. The strategic investment in Cummins power generation products, including the commitment to utilize the C1400N6C, a 60Hz continuous lean burn gas generator set capable of delivering between 1400 - 1750 kVA of power, will establish EquipmentShare as a leading provider of temporary power, microgrid, and battery energy storage solutions for mission-critical infrastructure projects nationwide.

"Combining Cummins' proven leadership in reliable, mission-critical power solutions with EquipmentShare's technology-driven distribution platform allows us to bring a gigawatt of resilient energy capacity online to high-impact jobsites when and where they need it most," said Jabbok Schlacks, founder and CEO of EquipmentShare.

By utilizing existing pipeline infrastructure where available and supplementing with virtual pipeline logistics to deliver fuel to off-grid sites, EquipmentShare provides uninterrupted power and equipment uptime across any terrain. This natural gas-led strategy delivers a cleaner alternative that can reduce total energy costs for contractors by 50% to 80% compared to traditional mobile power.

“We’re pleased to support EquipmentShare as they expand their power fleet with Cummins solutions,” said Susan Cleaver, Vice President, Global Power Generation at Cummins. “This investment highlights the ongoing need for dependable power solutions, and we’re proud to work with customers and distributors to help meet those needs.”

For more information about EquipmentShare’s Energy Solutions, visit equipmentshare.com/energy.

About EquipmentShare

Founded in 2015 and headquartered in Columbia, Missouri, EquipmentShare (Nasdaq: EQPT) is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3®, EquipmentShare aims to drive productivity, efficiency, and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices and a best-in-class equipment rental marketplace, EquipmentShare continues to lead the industry in building the future of construction. For more information, visit www.equipmentshare.com.

Forward-Looking Statements

This press release includes certain “forward-looking statements” for purposes of United States federal and state securities laws. Forward-looking statements are statements other than statements of historical fact and can be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative of these terms and similar expressions intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the anticipated benefits of EquipmentShare's strategic partnership with Cummins; planned investments in mobile power generation assets; expected deployment of generation capacity; anticipated customer demand for temporary power, microgrid and energy storage solutions; expected operational, cost, sustainability and reliability benefits of the partnership and EquipmentShare's technology platform; the expected availability and performance of natural gas and diesel generation solutions; workforce development initiatives; and other plans, objectives, expectations and future events are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond EquipmentShare’s control, including but not limited to, risks and uncertainties related to economic, market or business conditions, the construction equipment rental industry, availability of equipment and fuel supplies, the ability of EquipmentShare and Cummins to successfully implement and execute the partnership, investments in mobile power generation, customer demand for power solutions, , and other risks and uncertainties. For a further list and description of such risks and uncertainties, please refer to EquipmentShare’s filings with the Securities and Exchange Commission available at www.sec.gov. All forward-looking statements, expressed or implied, included in this press release are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by applicable law, EquipmentShare disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.