Electric Miles uses artificial intelligence and blockchain to optimise charging capabilities and claims its solution can deliver savings of up to 40 per cent on each charge.
Electric vehicle (EV) charging software-as-a-service (SaaS) provider, Electric Miles, has won two new contracts to provide grid balancing flexibility services via the EV charging network for UK Power Networks and Western Power Distribution.
The start-up uses artificial intelligence (AI) and blockchain to optimise charging capabilities and claims its solution can deliver savings of up to 40 per cent on each charge, as well as reduce the impact of mass EV charging on the grid.
The two contracts will deliver 8MW of flexibility across South East England, the East of England, London, the Midlands, South Wales and the South West.
The cleantech company’s mission is to develop an intelligent internet of energy (IoE) EV charging solution by connecting EV and home batteries with AI to help users save energy costs, be more efficient, and reduce overall energy needs.
Sales of electric vehicles are predicted to grow as the UK government sets minimum levels of 40 per cent of EVs within corporate fleets by 2024. Distribution companies are seeking solutions to reduce the potential impact of mass charging requirements on the UK’s energy infrastructure, avoiding millions of pounds of upgrade costs.
Electric Miles’ AI-based SaaS model offers solutions for both the consumer and B2B fleet market. It optimises charging based on the amount of renewables on the grid, availability of the market, and overall energy demand.
“I firmly believe EV charging should not be a burden on the electricity grid. Instead it can be used as a hugely valuable balancing tool which can enable greater use of renewable energy”
By balancing all of these measures, Electric Miles claims it can deliver savings of up to 40 per cent on each charge and reduce the impact of mass EV charging on the grid, which is identified as one of the key problems facing distribution system operators and the National Grid over the coming years.
The model could also help companies accelerate their fleet transition to EVs, by giving them assurance around future costs.
“I firmly believe EV charging should not be a burden on the electricity grid. Instead it can be used as a hugely valuable balancing tool which can enable greater use of renewable energy, help distribution companies balance demand, and play a big role in supporting the UK to achieve its 2050 ‘Net Zero’ target,” said Arun Anand, Electric Miles’ founder and CEO.
He added: “At Electric Miles, our platform ensures drivers and fleet managers will always have the right charge in the vehicle for the cheapest possible cost and lowest carbon. Winning these two contracts is a great acknowledgement of the role that our software can play in delivering grid balancing services and in turn, will provide our users with additional revenue.”
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