The Problem: Straining Grids
Energy demand must meet demand, but demand is soaring. Transportation electrification, the conversion of transportation systems to electric power (i.e., internal combustion engine vehicles to electric vehicles (EVs)), could increase electrical demand by 50% by 2050. In this case, businesses suffer from unmanaged EV charging:
Peak demand charges: Utility fees from the highest electricity consumption rate can account for up to 70% of a commercial electricity bill. Even if a business consistently uses energy, one demand spike can significantly heighten electricity costs.
Grid overloads: Without active control, high-powered DC fast chargers (DCFCs) risk operational downtime by consuming too much electricity and causing outages.
The Solution: Load Management
Load management balances demand with grid capacity and time-of-use (TOU) rates, enabling businesses to:
Maximize infrastructure uses: Deploy more chargers without high expenses on grid upgrades.
Avoid peak penalties: Smoothen and reduce demand spikes by always facilitating intelligent power distribution.
Scalability: Scale charging networks as EV adoption grows.