XL has been awarded for its efforts in emission reduction and creating sustainable electrification solutions for the commercial fleet market.
The company won the 2018 Commercial Technology of the Year award from S&P Global Platts Global Energy Awards, according to XL. The award recognizes companies for practically applying new technology in the pursuit of efficiency, business advantage and profit.
S&P Global Platts is a provider of energy and commodities information and a source of benchmark price assessments in the physical energy markets. Companies eligible for the award must have a commercially applied innovation that demonstrates the significance of their technology in relation to emissions reduction, practicality, reliability and overall commercial success.
Over the past year, the company has introduced new products to their portfolio, including a hybrid electric Ford F-250 and plug-in hybrid electric Ford F-150 pickup trucks, according to a release.