LOUISVILLE, Ky. — ePower Engine Systems LLC (ePower), a developer of hybrid drive train technology for the over-the-road transportation industry, will debut the company’s first ePower diesel/electric engine system at the Mid-America Trucking Show here this week.
For an industry that operates on tight margins, the certainties of rising fuel costs and increased environmental legislation present significant challenges, according to CEO Andy Claypole.
With the launch of its patented diesel/electric engine system, ePower will provide fleet operators with an opportunity to significantly improve their operating profit while reducing their capital costs, he said.
“During the two-year development cycle, we have engineered an innovative system that enables the conversion of conventional Class 8 trucks to be more fuel-efficient and environmentally sound,” Claypole said. “We are proud to offer a cost saving solution coupled with environmental sensitivity previously unavailable in the trucking industry.” Vehicles converted to the ePower engine system have been able to demonstrate a reduction in fuel consumption of up to 65 percent, prompting Mark Huber, CEO of Corporate Ventures, to purchase 200 ePower engine systems.
Huber refers to ePower’s offering as “change the world technology.”
“For the first time in the history of the trucking industry, the small trucking firm has a substantial competitive advantage over the large firm. One way to maximize this opportunity is to replace 100 percent of your fleet with ePower vehicles; large firms can’t incorporate these innovative solutions by quickly switching out their fleet the way smaller companies can,” said Huber. “If enough of these are deployed, OPEC is going to notice. And soon, the industry is going to recognize that ePower offers a pricing advantage that no one else can touch. This is a disruptive technology that destroys the financial model of the current trucking industry. In an industry where people are fighting for pennies, this one throws dimes.”
The first customer vehicle was retrofitted in late 2010 and the company is now working to complete system optimization and commence commercial production. Its plan centers on training fleet operators to install the modular system themselves, utilizing their existing skilled labor and thereby keeping costs to a minimum. This will enable ePower to grow aggressively and allow its customers to capture cost savings through every step of the process, Huber said.
“Historically, our industry has developed some good solutions to the challenges it has faced. However, as our industry environment evolves, the challenges are becoming more difficult, and in order to prosper, the solutions need to be outstanding,” Claypole said. “We single-mindedly focused on minimizing the cost and payback period for our customers through outstanding technical innovation. A byproduct of the effort is a significant positive effect on environmental impact.”
ePower Engine Systems, located in Florence, Ky., was specifically created to develop and market a highly fuel efficient engine system for Class 8 over-the-road trucks.
For more information, visit www.epowerengines.com
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