Decarbonizing or Reaching Net Zero requires electrification of transport. Charge point networks are being deployed globally, around 13.7 million EVs have been registered in 2023, up from 10 million in 2022.*
By utilizing the collective battery capacity as a flexible, distributed energy resource, EV and fleet managers can deliver balancing capacity when needed by the grid and load-shifting charge cycles for demand side management. Optimal use of the battery capacity creates OpEx costs savings, margin protection, and new potential revenue streams with demand side flexibility markets.
*Source: Global EV Sales Hit Record 1.5+ Million In December 2023 (insideevs.com)