Shorepower Technologies (OTC: SPEV) is a truck stop electrification company that provides shore power and electric vehicle charging equipment to long-haul truckers and commercial fleets during rest periods at truck stops, fuel depots, rest areas, and staging areas. Revenue is generated through power usage fees, service revenue, and product sales of charging hardware, with additional grant funding supporting infrastructure deployment. The company operates Shorepower Truck Stop Electrification (TSE) pedestals, electric-standby Transport Refrigeration Unit (eTRU) stations, and electric vehicle supply equipment (EVSE) for heavy-duty trucks, buses, and light-duty vehicles. As of March 2026, the company had secured or was in the contracting phase for approximately $1,000,000 in grants to upgrade sites, with over $1,000,000 in grant applications pending. Completed grant-funded installations as of March 2026 span Washington State, Tennessee, North Carolina, Oregon, and California. Common stock trades on the OTC QB Market under the symbol SPEV and is classified as a penny stock under SEC Rule 15g-9.

Revenue model

Transactional power usage fees charged to truck drivers and fleet operators, service revenue, product sales of TSE pedestals and on-board equipment, and grant income for infrastructure projects. Revenue streams disclosed in the FY2025 income statement include power usage revenue, service revenue, and product sales, all subject to revenue share deductions.

Products and services

Shorepower TSE pedestals (stainless steel, outdoor-rated, serving up to four vehicles per unit); electric-standby Transport Refrigeration Unit (eTRU) stations for refrigerated trailers; on-board electrification equipment for trucks; Level 2 charging connectors; DC fast charging ports; wall-mount and freestanding pedestals with a proprietary cloud-based payment, control, and reporting system; EVSE for heavy-duty trucks, buses, and light-duty vehicles.

Customers and end markets

Long-haul truck drivers and trucking companies seeking idle reduction during rest periods; operators of refrigerated trailers carrying temperature-sensitive cargo; light-duty electric vehicle drivers at upgraded travel center sites. End markets include freight transportation, trucking, and commercial fleet operations.

Value-chain role

Equipment manufacturer, installer, and energy vending operator. The company manufactures and deploys TSE and EV charging hardware at third-party truck stop and travel center locations, operates a cloud-based back-office payment and control system, and earns fees from energy dispensed through its units.

Geographic exposure

Operations documented as of March 2026 in Washington State, Tennessee, North Carolina, Oregon, and California. Additional sites referenced at truck stops, fuel depots, rest areas, warehouses, and staging areas, with no broader geographic breakdown disclosed in the filing excerpts.

Competitors

IdleAir, Shorepower on-board TSE systems (competing technology format)

Source: SEC 10-K, filed 2026-03-31

Industry: Miscellaneous Electrical Machinery, Equipment & Supplies Peers: Eros Media World PLC Saddle Ranch Media Inc Valiant Eagle, Inc. STEREO VISION ENTERTAINMENT INC Walt Disney Co