Public-private partnership will promote transportation innovations.
- The center will provide financing and support for electric and autonomous vehicles, battery storage, and shared mobility solutions
- SMUD will conduct two feasibility studies for the center that will be completed in March
- The body intends to begin securing investors after both studies have been completed
The City of Sacramento, California’s Municipal Utility District (SMUD) plans to establish a “Future Mobility Center” that will promote innovation in environmentally-responsible transportation.
The center, according to a recent announcement from SMUD, will provide financing and support for a number of technologies including electric and autonomous vehicles, battery storage and shared mobility solutions. It is envisioned as a public-private partnership between electric utilities, government entities, automotive and technology companies and venture capitalists.
SMUD has engaged Germany-based PEM Aachen GmbH to conduct a feasibility study for the center, and plans to conduct another. Both are to be completed in March 2019.
The utility has also retained Pennsylvania venture capital firm EnerTech Capital to develop a financially sustainable plan to attract investors. SMUD intends to begin securing investors following the completion of both feasibility studies.
Notably, Sacramento in 2017 launched the Autonomous Transportation Open Standards initiative as a testbed for connected and autonomous vehicles. The mobility center will consolidate its efforts to create an electric vehicle prototype hub under one organization.