• Ev.energy

  Participated · Series A · Jun 2021

  ev.energy is a British company that builds smart charging software for electric vehicles. It has secured a $41 million grant from California to roll out subsidised smart charging programmes targeted at poorer communities and to help balance the state’s energy grid. Under the California Energy Commission's REDWDS programme, ev.energy will begin deploying services in April to around 275,000 Californians. The platform enables EV owners to charge during off-peak times when electricity is cheapest. These measures are intended to ease strain on the grid and address utilities' concerns about clustered, peak-time EV charging. CEO Nick Woolley highlighted that the grid can become very stressed and utilities are worried about EVs charging at peak times. EV.energy builds a software platform that tells drivers, EVs and chargers when and where to charge to flatten electricity demand and reduce utility grid upgrades. Its customers are primarily utilities, and the company integrates incentives like rebates, lower rates and rewards to convince drivers to participate. EV.energy partners with utilities (including ConEd and National Grid), charger manufacturers such as Siemens and Maxeon, and automakers including Volkswagen to get access to chargers and vehicles. Today the platform covers about 120,000 EVs that can be switched on or off based on utility signals, and the company relies on models developed from millions of charging sessions to optimize control. Financially, EV.energy announced a $33 million Series B this week, led by National Grid Partners. Management plans to extend the product to support vehicle-to-grid (V2G) and vehicle-to-X (V2X) connections so EVs can send power back to the grid or power home devices. ev.energy offers an end-to-end software platform that wirelessly connects to a range of electric vehicles and L2 chargers and intelligently manages EV charging in line with utility and network signals. The platform engages and rewards customers through a mobile app while integrating utility signals to optimize load. The company serves a global base of utility customers, including National Grid, Southern Company, E.ON Energy, UK Power Networks and AusNet, and manages hundreds of megawatts of EV load on its platform each day. Led by CEO Nick Woolley, ev.energy is a Certified B Corporation® with a stated mission to make EV charging greener, cheaper, and smarter. The company intends to use new funding to scale its platform to additional partners and to build capabilities and products that intelligently manage EV charging. ev.energy is a UK software platform that manages and optimises residential electric vehicle charging via a cloud-based app and a proprietary smart-charging algorithm. The platform integrates with popular home chargers and vehicle manufacturers (including Tesla and Volkswagen) and hardware providers such as Siemens and Rolec. It aggregates vehicles into a virtual power plant that utilities can use to optimise wholesale costs, reduce grid congestion and integrate more renewable energy. The algorithm typically reduces carbon emissions from grid electricity by 10–20% depending on location, and a solar-matching feature can push home-solar users' charging emissions to zero. ev.energy is used by over 20,000 drivers and multiple energy companies and vehicle manufacturers, including E.ON, Volkswagen, ESB and Silicon Valley Clean Energy, and partners with Siemens and Schneider Electric. The company says it is the largest platform focused on residential charging and plans to scale across energy utility partners, car manufacturers, charger partners and drivers in the USA, Europe, Asia and Australasia. It recently closed a funding round to accelerate its global roll-out.

No current team members are available.