GreenMotion enters collaboration with a multinational power management company

According to Bloomberg NEF, the adoption of Electric Vehicles (EV) is increasing with  EV sales to reach 10 million globally by 2025. This significantly increases the energy demand putting grids under strain. Indeed, only six EVs charging close to each other at peak time could lead to local brownouts if the EV charging is not properly managed. Therefore there is an urgent need to put in place the right EV charging infrastructure to ensure EV users can charge their vehicles reliably when needed while ensuring local grid stability for the building and the neighbourhood.

Two energy leading companies have joined forces to address these challenges: Greenmotion,  a Lausanne-based startup pioneering the design and production of charging systems for electric vehicles for more than ten years and Eaton, a 100-year power management company with 2018 sales of $21.6 billion with presence in over 175 countries. Through their collaboration, the two parties aim to provide a combined intelligent EV charging and energy storage solution enabling building owners to access the power capacity required to install the EV charging infrastructure they want.

Connected to the grid or renewable energy sources such as solar panels, the combined intelligent EV charging and energy storage solution provides building owners with the power capacity needed to install the number of EV chargers they want. They can smoothly integrate EV chargers while ensuring grid stability for their buildings. They can save money on their utility bills by charging up when renewable energy is available, or energy is cheaper and releasing that stored energy when demand and costs are high. If the building is equipped with solar technology, this means that EV users can use more of the solar energy locally produced to power their EVs at night using the clean energy stored.

The energy storage system also provides the ultimate back-up solution, ideal at a time when energy grids are coming under enormous strain. Moreover, building owners can also generate additional revenues by selling stored energy back to the grid when demand and costs are high.

"Our collaboration with Eaton brings us one step further and enables to even better serve our customers giving them the opportunity to access the power capacity they need to install the EV charging infrastructure they want. Our combined intelligent EV charging and energy storage solution delivers real customer benefits whilst ensuring smarter and more sustainable energy management for the grid”, said François Randin, Founder and CEO, GreenMotion.

“With a rising number of Electric Vehicles on the road, there is a critical need to have the right EV charging infrastructure in place and the right power capacity to support", said Craig McDonnell, Senior Vice President and General Manager, Power Quality and Electronics and Emerging Markets Division, EMEA at Eaton.

GreenMotion and Eaton will be presenting the combined solution at CES2020 in Las Vegas.

(Press release)