TravelCenters of America Enhances Commitment to Sustainability and Alternative Energy
TravelCenters of America Inc. (Nasdaq: TA), a nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, today announced the formation of eTA, a new business unit. eTA will seek to deliver sustainable and alternative energy to the marketplace and focus on partnering with the public sector, private companies and customers to facilitate industry transformation.
eTA builds on TA’s previously announced plans to monetize a broad range of potential offerings in alternative energy, extending TA’s commitment to providing the widest range of non-fuel offerings across its c-store, restaurant and truck service ecosystem. With the launch of eTA, TA will be well-positioned to be in the forefront of important trends, including electrification and decarbonization, and take a leading role in the proliferation of alternative energy to drive profitable long-term growth.
“As everyday travelers embrace the benefits of energy alternatives and the trucking industry continues its transition toward cleaner and more efficient fuels, TA is uniquely positioned to capitalize on this shift and the significant opportunities it creates,” said Jon Pertchik, CEO of TA. “Now is the optimal time to sharpen our focus on sustainability, particularly in light of the Biden Administration’s infrastructure plan. TA’s nationwide footprint, range of truck service options, and breadth of driver amenities are perfectly situated to minimize consumers’ ‘range anxiety’ concerns and make drivers across the nation more comfortable purchasing vehicles powered by electricity and other alternative fuels. This is a pivotal moment in our company’s 50-year history, and we believe that the actions we are taking today will support the next 50 years of profitable growth at TA.”
TA also announced that it has appointed alternative energy expert, John D. Thomas, as Senior Vice President, Sustainability & Alternative Energy. In this newly created position, Mr. Thomas will lead the transformative efforts of eTA, leveraging his expertise and industry knowledge to advance the company’s strategy relating to alternative fuel opportunities, and ensure TA’s business is at the forefront of the transition to carbon fuel alternatives.
Mr. Thomas commented, “I am excited to join TA at this critical inflection point for the industry. TA’s sites are strategically located where highway travelers are most likely to rest and refuel, and TA has the scale and infrastructure proximity to incorporate lower carbon fuel and alternative energy resources into its broad range of fuel offerings. These assets, combined with the company’s cutting-edge operating platform and digital systems, ideally position TA to capitalize on policy and market trends to offer low-priced, clean transportation energy and serve as the partner of choice for tomorrow’s traveler.”