Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, through its subsidiary, Solectrac Electric Tractors, plans to join Farmers for Climate Action: Rally for Resilience. The grassroots alliance of farmers, farmworkers and farmer allies are participating in a rally this week held in Washington, DC. The purpose of the event is to ask policymakers to make climate change policy a priority in the 2023 Farm Bill. Led by the National Sustainable Agriculture Coalition and Farm Aid, and supported by an alliance of organizations, the three-day rally will be held March 6–8, 2023, in the nation’s capital; satellite events are also scheduled around the country. As part of the rally, a Solectrac electric tractor will be on display to show that the future of agriculture has arrived. “Electric tractors are an essential part of addressing the climate crisis and forging a sustainable future for farmers,” said Solectrac CEO Mani Iyer in the press release. “These tractors can be charged from renewable energy and not only eliminate on-site emissions but also provide a healthier work environment. . . . We want to urge Congress that electrification of agriculture is part of the myriad of solutions that we will need to pursue in order to attain a sustainable food system.”
In addition, the company announced that US Hybrid, also a subsidiary, is partnering with Mi-Jack to convert a rubber tire gantry (“RTG”) crane from fossil diesel to hydrogen powered. The “dream project” involves US Hybrid engineers coming up with a zero-emission way to power the large piece of machinery. The agreement calls for US Hybrid to manage procurement, engineering and design work related to the hydrogen propulsion project while Mi-Jack, an industry leader and innovator in rubber-tired gantry cranes, will install the hydrogen propulsion kit into the RTG crane at its Illinois facility; US Hybrid will also provide engineering diagrams and on-site support. “For our exceptional engineers at US Hybrid, this is a dream project,” said Ideanomics chief commercial officer Macy Neshati in the press release. “They get to come up with a zero-emission way to power a very big and energy intensive piece of machinery. . . . I want to extend a heartfelt thanks to Mi-Jack for taking action to decarbonize gantry cranes and trusting US Hybrid as their partner to do it.”
To view the full press releases, visit https://ibn.fm/Emx1M and https://ibn.fm/PNWmV
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financial solutions under one roof, the company is the one-stop partner needed to simplify the transition to, and operation of, any EV fleet. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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