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Benefits of Smart Charging in Your Business

July 14, 2023

Smart charging is important in today’s world because it helps to balance the grid and reduce the need for expensive infrastructure upgrades. It also helps to reduce the cost of electricity for consumers and can help to reduce greenhouse gas emissions. But what are the benefits of smart charging in your business?

Business Benefits of Smart Charging

By charging electric vehicles off-peak, businesses can avoid peak demand charges. Smart charging can also reduce electricity costs and improve grid reliability.

Studies conducted by NREL indicate that smart charging can lower greenhouse gas emissions by 60%. As a result, businesses can reduce their carbon footprint.

With this technology, businesses can reduce their carbon footprint and mitigate the effects of climate change by reducing greenhouse gas emissions.

Moreover, it reduces greenhouse gas emissions, assisting businesses in complying with environmental regulations. By 2030, California plans to cut greenhouse gas emissions by 40% below 1990 levels. By reducing their carbon footprint, businesses can meet this goal with smart charging.

In addition to improving customer satisfaction, smart charging can reduce charging times and make charging stations more accessible. Businesses can increase customer satisfaction and encourage more people to switch to electric vehicles by making charging easier and faster.

The use of smart charging, for instance, can make electric vehicles available when customers need them, reducing long wait times at charging stations. By optimizing the charging process, smart charging can also help businesses reduce charging times for electric vehicles.

In addition to improving charging infrastructure and better understanding customer behavior, smart charging can provide businesses with real-time data on charging usage. Businesses can identify trends and patterns in charging usage by analyzing this data and adjusting their infrastructure accordingly by analyzing this data.

In order to meet peak demand times, businesses can the data to identify peak charging times. Businesses can also use smart charging to determine where additional charging infrastructure is needed and optimize charging station placement.

Benefits of Smart Charging in Your Business

Smart Charging Technologies in Business

Normally, EVs simply plug in and charge, taking as much power from the grid as needed. Smart charging, however, allows administrators to optimize the energy supply to EVs. Owners can control how much energy they take based on supply and demand. This helps charging operators provide more reliable services.

Smart chargers connect to vehicles, the utility company and charging point owners through data connections like the cloud. These connections allow operators to remotely monitor and control energy use and power levels in real time.

This gives grid managers a dynamic, connected system that can handle future spikes in EV charging demands. Grid operators can serve customers best by preventing outages and supplying electricity when needed, even with unexpected demand increases.

Smart terminals connect to the Internet. This lets them provide data to users like charge duration, rate and power via interfaces. This information helps businesses accurately charge customers for recharging costs. It also lets companies allocate available energy among fleets or calculate precise electricity use.

Smart terminals provide remote access to control energy consumption settings. Companies with many charging stations can use smart stations to fairly divide capacity. Smart terminals maximize charging without exceeding network or panel capacities by controlling electricity flow and balancing power based on peaks and overloads. This is crucial when two EVs charge on terminals connected to the same circuit breaker.

Types of Smart Charging

There are several types of smart charging technologies for electric vehicles:

• Time-of-use charging – This charges the EV based on off-peak or cheaper electricity rates. The vehicle charges when electricity is least expensive, typically at night.

• Variable rate charging – Similar to time-of-use, but the prices change more frequently based on real-time supply and demand. The vehicle charges when electricity is cheapest.

• Vehicle-to-grid (V2G) – The EV battery can discharge power back to the grid during times of high demand to provide grid stability and earn money for the owner. The vehicle only charges when the grid needs less power.

• Smart charging – Utilizes control software and communication technologies to optimize charging based on factors like grid load and renewable energy availability. Can be combined with time-of-use and variable rate charging.

• Bidirectional charging – Allows power to flow both to and from the vehicle battery. Enables V2G and potential uses like powering homes during an outage.

• Fast charging – Uses higher power levels (between 50 kW to 350 kW) to significantly reduce charge times. Provides a full charge in 30 minutes or less. Utilizes DC fast chargers instead of slower Level 1 or 2 AC charging.

The key benefits of smart charging technologies are optimizing grid efficiency, reducing strain on the grid during peak times, utilizing more renewable energy, and lowering costs for EV owners. The different approaches provide options to balance the needs of vehicle owners, grid operators, and energy providers.

Implementing Smart Charging in Your Business

Implementing smart charging in your business can have many benefits, such as reducing energy costs, improving energy efficiency, and promoting sustainability. Here are some steps you can take to implement smart charging in your business:

  • Evaluate your current charging infrastructure: Assess your current charging infrastructure and identify areas where smart charging can be implemented. Determine the number and types of EVs you have, the charging stations you have in place, and the charging patterns of your employees or customers.
  • Choose the right smart charging solution: There are many smart charging solutions available on the market, each with its own features and benefits. Research and choose a solution that meets your specific needs and requirements.
  • Install smart charging equipment: Once you have selected a smart charging solution, install the necessary equipment, such as smart charging stations, communication modules, and software.
  • Configure your smart charging system: Configure your smart charging system to meet your specific needs and requirements. This may include setting charging schedules, setting charging rates, and managing access to charging stations.
  • Train employees and customers: Training your employees and customers on how to use the smart charging system will help ensure its success. Provide them with clear instructions on how to use the charging stations, how to access them, and how to manage their charging sessions.
  • Monitor and optimize your smart charging system: Monitor your smart charging system regularly to ensure it is functioning properly and efficiently. Use real-time data to optimize your system, such as adjusting charging schedules or rates to reduce energy costs.
  • Promote your smart charging system: Promote your smart charging system to your employees and customers to encourage its use and raise awareness of the benefits of smart charging. This can include signage, email communications, and social media campaigns.

Potential challenges and ways to overcome them

The low EV penetration limits the impact of smart charging on the grid, which is a technology that allows charging to be optimized for grid stability and renewable energy integration.

Smart charging is most effective when there is a large number of EVs on the road, as it can help to balance the grid by reducing peak demand and shifting charging to times when renewable energy production is high. However, with limited EV adoption, the potential benefits of smart charging are limited as well.

To overcome this challenge, strong government incentives and policies are needed to boost EV sales and adoption. These could include financial incentives for purchasing EVs, subsidies for EV charging infrastructure, and regulations that require a certain percentage of new vehicles sold to be electric.

Governments can also implement policies to help overcome barriers to EV adoption, such as improving charging infrastructure, addressing range anxiety, and raising public awareness about the benefits of EVs.

And we are here to help you.

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