Through the joint solution, utilities can optimize vehicle-to-grid technology to manage and balance the grid
Posted April 18, 2023
NEW YORK, April 18, 2023 -- Grid-tied electric vehicles are batteries on wheels that can support grid resilience. To accelerate the deployment of vehicle-to-grid installations, EnergyHub, the industry's leading grid-edge DERMS provider, and Fermata Energy, the leading V2G services provider, have partnered to accelerate utilities' access to EVs as mobile distributed energy resources (DERs).
For utilities looking to leverage EVs to support grid resilience, the integration of Fermata technology with EnergyHub EV unlocks new opportunities to use vehicle-to-grid to manage and balance the grid and accelerate decarbonization.
As vehicles and buildings rapidly electrify, utilities are racing to develop strategies that service this increase in load reliably and affordably. In addition to upgrading infrastructure, utilities are creating programs to manage electricity demand using energy storage and other DERs. The fastest growing sources of energy storage are EV batteries.
Forward-looking utilities are leveraging EVs as mobile energy storage assets to support grid resilience. To do this and meet grid performance standards, utilities and fleet EV operators need better data, insights, and forecasting of when and how EVs can send energy stored in their batteries to the grid.
The partnership between Fermata Energy and EnergyHub enables utility clients to enhance network resilience and reliability, integrate more renewable power, and relieve major stress points in the distribution network.
Via the partnership, EnergyHub's EV solution - EnergyHub EV - delivers utility signals to the Fermata Energy AI-driven V2G platform, which then analyzes those utility data and other sources, including customer driving patterns and utilization, weather, utility rates, and more. Fermata Energy's platform then sends simplified alerts to its fleet customers about opportunities to earn revenue from the local utility by discharging energy stored in the EV battery to the grid or to the fleet customer's building. The fleet customer always has the choice of whether to take advantage of these events and earn revenue while their EVs are parked.
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