Lion Electric Partners With Dominion Energy, Bringing Vehicle-to-Grid Tech to Virginia's Electric School Buses

 The Lion Electric Company (NYSE:LEV) (TSX:LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announces that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia.

Dominion Energy, the main electricity provider in Virginia, is supporting public school districts within its Virginia service territory by providing fast-charging solutions to districts that receive Environmental Protection Agency ("EPA") Clean School Bus funding. As part of this program, Dominion Energy facilitates the coordination of utilities, network upgrades, construction, and installation of charging infrastructure for beneficiary school districts. Additionally, this initiative enables electric school buses to serve as a grid resource. With vehicle-to-grid ("V2G") technology, electric school buses can be utilized as additional energy storage and discharge energy on to the grid during periods of high demand when the buses are not needed for transport.