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What are the Benefits of Smart EV Charging?

EV smart charging has significant benefits for the entire EV charging ecosystem, from the utility to individual EV drivers. It optimizes and stabilizes energy flow within a balanced grid, resulting in more reliable service and higher power quality.

Smart energy management allows a utility to optimize its infrastructure by distributing available power more efficiently between vehicles and other power consumers. Utilities can encourage later-in-the-day charging by supplying energy from their solar power stores, and they can push late-night charging when overall network demand is low.

Investing in smart EV charging provides businesses with long-term capital and operational benefits. Because of the charge points, the site generates more customer traffic for commercial or retail centers. Businesses, for example, can sell power back to the grid during peak demand or offer public charging during off-hours depending on the type of EV power storage infrastructure they choose.

Businesses that provide charge points to their employees or customers can use EV smart charging to ensure that the critical balance between the facility and the EV charging power requirements is maintained in order to avoid peak pricing charges. Smart charging also improves control over a building's energy capacity, avoiding high demand charges.

This is especially important for electric vehicle fleets. When buses, vans, and trucks leave for their route, they must have enough energy. The vehicle schedule, charge state, and energy costs are critical pieces of information for the planning algorithm to ensure that vehicles leave with enough charge.

 

Individual EV drivers benefit most from EV chargers because it is less expensive, more environmentally friendly, and safer. EV owners who have home-based renewable energy systems can increase their benefits and lower their costs even more by storing extra energy in their vehicles during the day and then discharging it at night for use in their homes.

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