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City of Boulder saves $270 per month from Fermata Energy’s V2X application

Fermata Energy’s mission is to use its vehicle-to-everything (V2X) software and hardware platform to turn EVs into energy-storage assets.

The city of Boulder, Colorado has partnered with Fermata Energy on a vehicle-to-building (V2B) pilot that began in December 2020. Fermata says the project has demonstrated how V2B can deliver savings on a utility customer’s electricity bill.

At the city’s North Boulder Recreation Center, a 2020 Nissan LEAF is connected to Fermata’s V2X system, which consists of its FE-15 bidirectional EV charger and proprietary energy management software. The software continuously monitors the building’s electrical load, looking for opportunities to reduce peak loads using energy from the EV’s battery.

In 11 months of usage, the city has realized an average savings of almost $270 per month—approximately equal to a typical monthly payment for a LEAF.

“The results we achieved in Boulder offer compelling evidence of how a municipality can leverage an electric vehicle asset for both mobility and facility management,” said Fermata Energy founder and CEO David Slutzky. “Through Fermata Energy’s cloud-based V2X software and metering technology, we were able to continuously monitor the building’s energy usage, and during peak energy events, optimize the discharge of the EV’s battery to support the building’s electrical loads and to reduce peak demand charges.”

At a site in Rhode Island last summer, Fermata says its V2X technology earned over $4,200 by participating in a utility demand response program in partnership with Electric Frog and National Grid.

Source: Fermata Energy

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