Ford, Honda, BMW To Create New Company Focused On Optimizing Electric Vehicle Grid Services, Providing Managed Energy Services

September 12, 2023

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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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BMW Group, Ford Motor Company, and American Honda Motor Co., Inc. today announced that they have entered into an agreement to create ChargeScape, LLC, a new equally-owned company that the automakers said, "will create a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers."

"ChargeScape will unlock entirely new value that EVs can provide to the electric grid, while enabling EV customers to earn financial benefits through a variety of managed charging and energy-sharing services," the automakers said

"The closing of the transaction and subsequent formation of ChargeScape is pending regulatory approvals, with the company expected to be operational early next year," the automakers said

"Participating EV customers will have the potential to earn financial benefits by charging at 'grid-friendly' times through flexible and managed schedules. Electric vehicle customers will also eventually have the opportunity for even more significant impact by sharing the energy stored in their EV batteries with the grid during times of peak demand through vehicle-to-grid (V2G) applications," the automakers said

"ChargeScape will enable the smart use of plugged-in EV batteries by securely providing energy data to electric utilities and system operators like aggregated demand response, alignment of charging and EV battery utilization with off-peak, low-cost hours and the availability of high renewable energy," the automakers said

"The company's efforts will reduce EV customers' personal carbon footprints by utilizing electricity that comes from more readily available renewable energy sources, such as wind or solar," the automakers said

"While seamless integration between EV customers and utilities will be key to energy management success, participating EV customers will always remain in control of their charging and energy decisions," the automakers said

"Additionally, by leveraging automaker telematics, ChargeScape intends to provide managed charge scheduling through vehicle connectivity without requiring Wi-Fi-enabled charging stations. This will support the many EV customers who do not use 'smart' chargers at home, as their EVs would otherwise be unreachable for grid services," the automakers said

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