Pioneer Power Enters $2.4 Billion Residential Power and EV Charging Market with HOMe-Boost, an Integrated Distributed Generation and EV Charging Product for U.S. Homeowners

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service, and integration of electrical power systems, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it is launching its first residential platform, HOMe-Boost, to address the ever increasing demand for reliable and fast EV charging for homeowners. Pioneer’s platform is the result of decades of experience with industrial power generation solutions and the Company’s more recent experience launching and selling its high-capacity charging, power dense, low-carbon, mobile, e-Boost solutions.

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North American Home Standby Gensets Market Size by Fuel Type: Natural Gas - Largest (Graphic: Business Wire)

Pioneer eMobility’s HOMe-Boost features 30 kVA of reliable prime power and most importantly, provides either fast Level 2 or Level 3 EV charging as well. HOMe-Boost provides flexibility to use either the prime generator or the grid, using advanced intelligent power switching components. Installation is easy, and the elements of the system are designed to provide an “island” mode option (completely off-grid) to the residential customer during times of extreme weather and natural disasters. The new product platform will also provide homeowners with the flexibility to choose between on-site power generation or utilization of utility rates, whichever is more economical. Both natural gas and propane versions of HOMe-Boost will be offered. Prime power, combined with fast charging, is a significant offering that homeowners who must have a secured power supply and want fast home charging, would value.

“Our entry into the large and growing residential multi-billion-dollar home power generation market is both strategic and organic,” stated Nathan Mazurek, CEO of Pioneer Power. “Pioneer will market its HOMe-Boost solution through select electrical distributors and generator dealers making the product available and simple for electrical contractors to access and install.”

Pioneer's HOMe-Boost comes in two different options, L2 or L3, each complete with all of the major components needed for a quick installation. The HOMe-Boost L2 version comes with a 30 kW natural gas EPA prime power generator for complete home backup and an automatic transfer switch that automatically senses utility outages and can also be electronically commanded to switch to onsite power. The Level 2, 48A charger comes with a mobile phone application interface that makes it simple to operate. The package also includes load balancers that help prioritize power needs within the user’s home, including EV charging, whenever needed. The product is compactly mounted on a single composite (recyclable) pallet for ease of storage, pickup and drop-off.