EV corridor mix of fast charging, storage and AI energy management
ChargePoint has announced a new partnership with Stem to deploy a DC fast charging highway corridor, which combines AI-driven energy management and battery storage solutions with EV charging.
ChargePoint Holdings, Inc., an Electric Vehicle (EV) charging network, and Stem, which develops AI-driven clean energy solutions and services, announced the agreement.
The two will come together to accelerate the deployment of EV charging and battery storage solutions for highway corridor DC fast charging and other EV charging applications, like fleet charging.
By combining EV charging with battery storage and AI-driven energy management, ChargePoint states that EV site hosts will be able to benefit from lower operating costs and added energy resiliency.
ChargePoint will analyse the EV charging demand at EV site locations looking to install DC chargers, assess their eligibility for incentive programs – including the National Electric Vehicle Infrastructure (NEVI) – and work with Stem to determine if a battery energy storage system may reduce the EV site’s operating costs.
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Additionally, the companies aim to integrate ChargePoint’s Express Plus advanced fast charging platform, with Stem’s clean energy platform, Athena, and on-site energy storage.
The joint solution is hoped to help businesses meet their ESG (Environment, Social and Governance) goals, especially when paired with on-site solar, and lower an EV site host’s utility bills by reducing demand charges.
EV site hosts in areas with high utility demand charges can reduce or avoid these costs by utilising battery storage to mitigate demand peaks. Through energy storage-managed EV charging, customers can protect themselves against the risk of utility rate changes.
“An integrated ChargePoint and Stem solution broadens the number of sites that can support high-speed charging economically at scale,” said Pasquale Romano, CEO, ChargePoint.
This agreement comes as the federal government is investing billions of dollars in EV charging through the Bipartisan Infrastructure Law, including $7.5 billion for highway and community charging.
Funding programmes like NEVI are designed to help accelerate the buildout of the infrastructure required to support the widespread adoption of EVs.
