EV’s introduces a challenge to the power network, Driivz SmartChain™ Energy Manager intelligently manages the energy chain to expand the limitation of the existing grid, integrate batteries, renewables and even participate in the energy demand response.
According to GTM Research, the growth in electric vehicle sales worldwide is expected to boost demand for charging points, with up to 40 million installed by 2030. McKinsey Research believes that unmanaged, substation peak-load increases from EV-charging power demand will eventually push local transformers beyond their capacity, requiring expensive infrastructure upgrades.
The Driivz SmartChain™ Energy Manager plays a critical role in reliably charging EVs using intelligence that ensures the safe delivery of power to electric vehicles without compromising on delivering electricity to offices and homes.
Optimizing the charging infrastructure by efficiently distributing the available power, SmartChain™ Energy Manager shifts charging loads based on dynamic grid and renewable supplies, preconfigured policies and the needs of vehicle owners. In other words, it ensures that the right amount of energy gets to the right resource at the right time.
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Why Do You Need Smart EV Charging?
Local grids may have limited capacities when supporting the additional energy required for EV charging on top of the existing load.. In an unmanaged EV charging environment, only limited number of vehicles can be charged over the peak load and businesses that exceed the Maximum Import Capacity (MIC) could be subject to high fees or receive fines.
One solution is to upgrade the local grid infrastructure with new transformers and other equipment, but this is prohibitively expensive. Another option is to use software-based Smart Charging solutions that adapt the charging power according to the available capacity of the local grid and allow more vehicles to charge over time.
The overall amount of energy generated by utility companies is finite. Increasing the generation power is very expensive but it is only during peak times. Smart Charging solutions can balance the demand for energy throughout the day and automatically reduce energy directed to EVs during peak demands. In addition, they can import and direct energy for local storage when energy prices are lowest and can even enable you to reduce your company’s MIC—saving you tens of thousands of Euros annually.
The Driivz SmartChain™ Energy Manager
Driivz SmartChain™ Energy Manager is a software module that consists of advanced energy management algorithms and demand response (DR). It performs near real-time load balancing for single chargers, sites with multiple chargers, sites with locally supplied energy from renewable sources and local storage, and complete campuses spanning multiple sites. It lets you monitor, manage, and adjust energy consumption and provide optimal demand response. Smart charging capabilities allow drivers and operators to manually or automatically control the level of power supplied by chargers and energy utilization is visually displayed and adjusted according to EV and site requirements.
Leveraging EVs for Energy Storage?
The average car is parked about 95% of the day—and EVs are no exception. Vehicle-to-grid (V2G) connectivity offers the potential to manage and optimize the grid by leveraging millions of EVs for energy storage with zero capital cost and zero operating costs. Smart charging could serve as a focal point for using EVs as decentralized storage resources that can benefit the power system as a whole and minimize, or eventually avoid, grid reinforcements.