PIVOT EM
Pivot Electric Machines Corp builds new and retrofits existing heavy equipment with economically viable and operational effective “next generation” battery systems.
PIVOT EM
Pivot Electric Machines Corp builds new and retrofits existing heavy equipment witheconomically viable and operational effective “next generation” battery systems.
OUR MISSION
Lithium-ion battery production is a dirty, high carbon emission process
The average battery powered automobile must be driven 150,000 km on clean power before its production cost is carbon neutral with an internal combustion engine (gas) vehicle.
We are dedicated to economically transforming the mining and construction industries into carbon neutral businesses that not only supply the green economy but are aligned with the social climate and economic imperatives of our changing world.
STATUS QUO
Go Green
Mining and construction industries are building the foundation for the green revolution but they are not green themselves.
The Tech
Existing manufacturers are invested in existing Lithium-ion battery technology.
Competition
High energy demands exceed the capacity of current battery energy density and charging capabilities so existing battery electric equipment is not competitive, except in extreme conditions.
Shift Focus
Major OEMs focus on new equipment sales, and do not prioritize a need for existing fleet conversion from diesel engines to battery power and under-estimate the market for competitive equipment in the mining and construction business.
ELECTRIC EQUIPMENT PARADOX
Production of Lithium-ion batteries is inherently carbon intensive and mining is a key component of producing battery metals
Existing battery technology is not efficient, robust or safe enough to effectively replace diesel engines that gobble up diesel at 4 liters/minute.
Mobile equipment accounts for 30% of carbon emissions in mines, more when you add ventilation and air heating.
Next generation batteries and chargers will provide a fast charging, robust, safe and economic solution.
Miners are racing to reduce carbon emissions to maintain social license.
OPPORTUNITY
The Decline
Existing Equipment manufacturers are tied to dead-end battery technology.
Carbon Neutral
Solid State batteries are the pivot that the mining and construction industry needs to move forward to a carbon neutral future.
Go Green
Mining and construction companies are under pressure to retrofit existing fleets and go green in new fleet purchases.
New Sales
Existing manufacturers ignoring retrofitting current equipment to electric and are focusing on new equipment sales.
The Market
Pivot’s initial focus is the Remanufacturing market, which is worth > $100b, and a long-term recurring heavy equipment market of $20b per year.
Long-Term
Pivot EM’s long-term plan is to manufacture OEM heavy equipment through relationships with remanufactured equipment customers.
EXECUTION TIMELINE
To Date
2013
First generation Electric equipment deployed underground
2017
Macassa Mine becomes the first all-electric mine
Sep 2021
Pivot Electric Machine (PEM) founded
Feb 2022
PEM chooses 30-80t battery/motor class for first design and produces conceptual battery
Apr 2022
PEM reserves B0 series batteries for prototype units
May 2022
PEM locks in high level conceptual design of 42t underground truck as first retrofit model for solid state batteries
Oct 2022
PEM begins discussions with multinational miner on economic model for converting 231t haul trucks
The Future
Q2 2025
Start build of converted 231t truck
Q4 2025
Start design of 363t haul truck conversion project
Q2-3 2026
Deploy and demonstrate commercial viability of BEV 231t haul truck
Q3-4 2026
Sign first commercial contracts and start fabrication for BEV 231t haul truck conversions
Q4 2027
Deploy and demonstrate commercial viability of BEV 363t haul truck