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DownloadAcross the US, school districts are choosing to electrify their school bus fleets. The change is driven by the benefits electric buses provide to students’ health and local air quality, the potential for cost savings, substantial available federal grant funding, and mounting pressure school districts face to decarbonize their operations.
Ryan Miller is a Principal at Generate Capital, overseeing investments in power, digital infrastructure, and transportation.
With over 10 years of experience in renewable energy and infrastructure investing, Ryan has been involved in over $5 billion in sustainable infrastructure transactions. Prior to joining Generate in 2021, Ryan was a Strategic Business Development Advisor at Shell New Energies, focusing on onshore renewable power project acquisitions and development partnerships. Prior to Shell, Ryan worked on JP Morgan’s tax equity team where he structured and executed complex tax equity transactions. Earlier in his career, he held various positions in banking and capital markets. Ryan holds a B.S. in Finance from Virginia Tech and is a CFA charterholder. He is based in Generate Capital’s New York City office and is an active member of the LGBTQIA employee resource group.
School districts eager to transition their fleets to electric school buses must navigate a thicket of financial and operational concerns that fall well outside the usual purview of school administrators and other traditional fleet maintenance operators. Sizable upfront costs, technical and bureaucratic hurdles, and a bevy of market uncertainties all complicate the path forward to a greener, cheaper, and healthier EV bus fleet. Overcoming the triple barriers of cost, complexity, and uncertainty requires business model innovation and adoption. Fortunately, the innovation already exists, and it’s becoming widely accessible to school districts. As the stakes for large scale electrification loom ever higher, the fleet electrification-as-a-service (FaaS) model is simplifying and accelerating the electrification process for essential audiences – public schools and the children and families they serve.
Our whitepaper distills our proprietary research and analysis to explore how the fleet electrification-as-a-service model is simplifying and accelerating bus fleet electrification for essential audiences: public schools and the children and families they serve.
Principle, Investments
Director of Market Research
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