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ChargeScape Vehicle-Grid Integration JV Begins Operations
BMW, Ford and Honda have begun operation of their new joint venture ChargeScape today ChargeScape also appointed the first CEO and CTO. (Read AutoInformed.com on EV Grid Unlock – BMW, Ford, Honda Create ChargeScape) As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. The nation’s power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of current renewable technologies.
“ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging, the companies – all of them global giants – said in a joint release. “ChargeScape’s technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify,” ChargeScape claimed ex ante. Continue reading →