Kentucky-based Virtual Peaker and Fermata Energy have announced a partnership to integrate Fermata’s vehicle-to-grid (V2G) technology with Virtual Peaker’s residential demand response platform, which is currently in use by several US utilities.
Virtual Peaker’s Distributed Energy Resource Management System (DERMS) application is a cloud-based energy management platform that can connect to any in-home smart device to allow utilities to run residential demand response programs. Fermata Energy’s bidirectional charging system, which conforms to the new UL 9741 Standard for Bidirectional EV Charging System Equipment, allows vehicle batteries to be charged while returning excess energy to the electrical grid.
This two-way system delivers energy to an EV at off-peak times, and returns stored power to the grid during peak demand times.
“The new relationship with Fermata Energy gives Virtual Peaker an early entry into the V2G market, which we expect will experience explosive growth in the coming years as more Americans understand the value of preserving renewable energy sources and reducing our dependence on fossil fuels,” said William (Bill) Burke, founder and CEO of Virtual Peaker.
“Fermata Energy’s turnkey system accelerates the transition to a clean-energy economy, creating abundant power storage that can be deployed quickly and at scale,” said David Slutzky, founder and CEO of Fermata Energy. “The partnership with Virtual Peaker demonstrates an exciting solution to two of today’s major challenges: how to further integrate clean, renewable energy, and the rapid adoption of clean transportation.”
Sources: Virtual Peaker, Fermata Energy