Johnson Controls invests in Odyne Systems

Odyne Systems LLC, a leader in hybrid systems for medium and heavy duty trucks, and Johnson Controls Inc., a leading supplier of advanced batteries that make vehicles more energy efficient, have completed both an investment agreement and a long-term hybrid master supply agreement.
Under the new agreements, Glendale-based Johnson Controls has made a strategic investment in Waukesha-based Odyne to fund expansion and to accelerate wide-scale commercialization of Odyne’s hybrid systems for medium and heavy duty work trucks.  Additionally, Odyne designates Johnson Controls-Saft as a “Preferred Supplier” of advanced lithium-ion battery systems for its plug-in hybrid system.
The partnership between Johnson Controls and Odyne brings together two companies focused on developing and selling solutions that help companies and communities meet sustainability objectives and reduce costs. The Odyne plug-in hybrid system significantly increases a large truck’s efficiency through operation of the hybrid system on the road and use of the large battery system at the job site.
"The strategic investment and supply agreements between Johnson Controls, the world’s leading battery producer, and Odyne, the leading plug-in hybrid system supplier for large trucks, will help us continue to grow our business and advance hybrid technology for medium and heavy duty trucks to greater levels of efficiency,” said Joe Dalum, president and chief executive officer of Odyne Systems. “This is the first phase of a multi-stage investment on the part of JCI and is in line with a broader investment and growth strategy at Odyne. Johnson Controls shares our passion for innovation and delivery of reliable, advanced hybrid system solutions, and we look forward to the new partnership.”
Odyne has fielded more plug-in hybrid work trucks to fleets throughout the United States than any other supplier. The company sells direct to truck manufacturers and through a global distribution and service network.