eMotorWerks increases revenue from utility grid services, reduces prices on EV charging stations

eMotorWerks doesn’t just sell charging stations – the company’s JuiceNet platform offers a range of smart charging features that benefit not only EV drivers but also grid operators and utilities, which can use EVs as a resource to improve load distribution and grid stability.

The company has succeeded in monetizing the services it offers to utilities, and is passing some of that revenue on to its retail customers, reducing prices for its smart charging stations by $50 per unit.

eMotorWerks is working with several utilities, including Pacific Gas and Electric and Sonoma Clean Power. The company’s fleet of over 22,000 charging stations, which corresponds to over 200 MW of peak flexible load, provides an installed base to balance renewable generation and provide other energy services to the utilities’ grids.

“Our goal has always been to enable effective integration of electric vehicles into electric grids around the world and provide grid balancing services to grid operators, utilities, and even large commercial electricity consumers,” said Val Miftakhov, CEO of eMotorWerks. “The strong adoption of our platform we’ve seen from EV drivers and utility partners this year is enabling us to further accelerate our progress. We’re seeing larger and more predictable revenue streams from that side of our business, and it’s only right that we pass some savings back to our customers in the form of upfront pricing reductions and discounts for energy programs enrollment.”

“With up to 60 million EVs on the road globally by 2040, the intelligent management of EV charging loads is critical to maintaining grid reliability,” said Geof Syphers, CEO of Sonoma Clean Power. “Since utilities like ours have long planning horizons, partnering with eMotorWerks to deploy intelligent charging stations in our territory today puts us ahead of the curve for managing current and future load demands, while we continue to increase our local generation of renewable energy resources.”

 

Source: eMotorWerks