Ava Community Energy Executive Committee
April 5, 2023

Forum Mobility –
Greenville Charging
Infrastructure Loan
APRIL 2023
MD/HD Charging Program Loan Overview
2 To support the development of medium and heavy-duty electric vehicle charging infrastructure, EBCE launched a lending program to support charging infrastructure in EBCE territory
• Budget approved $3M in June, 2022
• RFO issued in September, 2022
• Applications submitted October, 2022
• EBCE began due diligence December, 2022
• Anticipated loan closing April, 2023
• Project commercial operations July, 2024
• EBCE funding August, 2024
What Does The Greenville Project Look Like?
3 • Offering to Customers:
• Full Service – truck, charging, vehicle servicing, & software optimization – multi-year contract with known pricing
• Charging as a Service – Charging only through multi-year contract w/ known pricing • Bi-directional direct current fast charging electric vehicle charging infrastructure, solar, and battery storage
• Site is a 4.4-acre brownfield, less than a half mile from I-590 • Total build cost of $14.3M
• Capable of charging 100 MD/HD electric vehicles / day • Prevailing wages are required
• Committed to EBCE’s RE 100 product
• Forecasted emissions avoided over 10-year project life - PM: 178 tons, PM10:
178 tons, PM2.5: 178 tons, SOx: 166 tons, NOx: 2,535 tons, CO2: 93,752 tons, CH4: 3.802 tons, N2O: 0.7605
Grid
Battery
Solar
Charge
Controller
EV Chargers
Electric Vehicles
More on the Loan
4 • Up to $4.5M to support facility construction
• Funded once project has reached commercial operations • 10-tear term @5% interest rate
• 12 months of capitalizing interest & 9 years of level amortization • Loan secured by a deed of trust
• Principle & interest expense guaranteed by holding co, FM Asset Co. • No closing fees & EBCE pays its own legal fees
• $830K in forecasted revenue for $3M loan and $1.25M for a $4.5M loan • EBCE will leverage 3.2x-4.8x in additional capital depending on the final loan size of $4.5M or $3M, respectively
Forum Mobility
5 • As an organization, Forum Mobility is targeting the 28,700 drayage trucks serving ports and railyards in CA, which if transitioned to zero-emissions, would avoid 2.4M metric tons of carbon dioxide emissions
• Team Experience:
• End-to-end experience with sustainable energy infrastructure project delivery
• Combined experience overseeing $10B+ in sustainable
infrastructure
• Planning 2 additional charging hubs in EBCE service territory