Valoe and TIP Collaborate for Cleaner Road Freight

Valoe Corporation        Press Release 31 January 2023

Valoe and TIP Collaborate for Cleaner Road Freight

Valoe Corporation and TIP Group, a Dutch company specialising in lease and rent of road freight and intermodal transport equipment in Europe and Canada, have signed a contract for integrating Valoe solar systems onto TIP’s refrigerated trailers. The intention of the contract is to equip hundreds of trailers by the end of 2025. The value of the three-year-agreement is approx. 20 M€, which is subject to achieving the mutually accepted KPIs.

DIESEL USED BY REEFERS’ REFRIGERATION UNITS PRODUCES SIGNIFICANT ENVIRONMENTAL DAMAGE

Reefers’ refrigeration engines are diesel-powered producing carbon dioxide (CO2), carbon monoxide (CO), hydrocarbons (HC), nitrogen oxides (NOx), particulate emissions, and, especially in urban areas, noise pollution. By replacing diesel in trailers with electricity, a significant proportion of which is generated by trailer-integrated solar panels, emissions and other negative impacts are minimised.

TIP WANTS TO LEAVE A CLEANER ENVIRONMENT FOR FUTURE GENERATIONS

As Rogier Laan, VP Sales and Marketing at TIP, explains: ”TIP is a leader in Equipment Services, with a total fleet of over 120,000 units and more than 16,000 reefers globally. We play an important role in the industry and thrive to reduce the impact on the climate. We aim to significantly reduce the CO2 emissions and diesel consumption of refrigeration units in our current fleet, also by integrating solar power systems onto the trailers. In new refrigerated trailers, we can refrain from using diesel altogether and be at the cutting edge in implementing more environmentally friendly technology in the transport sector. We are looking forward to this exciting transition towards cleaner world in close cooperation with Valoe.”

In its sustainability strategy, TIP actively promotes the transition from fossil fuels to renewable electricity in road freight. Solar energy is an essential part of TIP’s electrification strategy. The cooperation with Valoe aims to reduce carbon dioxide emissions in refrigerated transport. TIP's strategy is to reduce CO2 emissions by 12 million kilograms per year. Under ideal conditions, a photovoltaic system can save 3,500 litres of diesel and consequently reduce 9,000 kilograms of CO2 emissions annually for every single trailer. Electrifying 1,000 refrigerated trailers would meet 75% of TIP's annual target.