Green Charge Networks and ChargePoint have forged a partnership in the electric vehicle (EV) space. The two companies will combine EV charging with EV charging stations. The companies cite combining energy storage with EV charging will eliminate the high cost of demand charges caused by spikes in power usage. This challenge is oftentimes a barrier for EV charging installation.“We are proud to partner with ChargePoint, whose mission is to bring convenient charging to every EV driver,” said Vic Shao, CEO at Green Charge Networks. “Having EV charging readily available at public locations, especially along highly traveled corridors, will enable further electrification and accelerate adoption of electric vehicles. The combination of energy storage with EV charging is important and necessary, especially in California where demand charges are some of the highest in the nation.”
The first customer of the combined technology is Redwood City, California. The city is focused on reduced its environmental footprint (they have their own Climate Action Plan) and electric vehicle use is one their solutions. Today, Redwood City has five EV charging stations combined with energy storage including two DC Fast Charging Stations that were installed in 2014.
Redwood City said these EV charging stations, located at the public library and in a public parking garage, are heavily used with an average of 8-10 sessions per day. Green Charge Networks’ said their intelligent energy storage is shaving multiple peaks per day (80 in May, 2015) caused by the EV charging stations. The energy storage is expected to save nearly $7,000 annually in demand charges at the five Redwood City locations alone. The Redwood City energy storage equipment and installation came at no cost to the City; rather, Green Charge’s financing model provides a zero down cost solution. Green Charge Networks installs, owns and maintains all of the energy storage equipment.
“By combining EV charging and energy storage to reduce consumption during peak hours, businesses can save money,” added Pasquale Romano, ChargePoint CEO. “This can significantly reduce the cost for a business to offer EV charging thereby increasing EV adoption while promoting grid stability.”