Your EV is so much more than a car to take you from point A to point B. The energy it stores in its battery is a whole world of possibilities when you are not using the car. Which, let’s face it, for most of us, is the vast majority of the day. During these times, your EV is a ‘decentralised energy resource’ - one that can help the grid in a variety of ways.
One of the most interesting ways in which EVs are accelerating the mobility-energy convergence is through virtual power plans, or VPPs. On the one hand, EV fleets aggregated as a VPP provide value to the grid by offering flexibility and balancing services. On the other, it allows fleet owners, operators and vehicle owners to benefit financially, reducing their charging bills or their lease payments.
But how does this come to life, and what role does AI play in this orchestration?
In this episode of the AI in Automotive Podcast, I invited Johanna Izett from Hive Power, a Swiss software startup that is making our grids smarter by connecting energy assets like EVs to offer grid services and unlock value for all stakeholders. Johanna shared her insights about VPPs, what makes them tick and how traditional automotive OEMs must rethink the proposition that they offer to their customers.
Hive Power is one of those fascinating companies at the intersection of automotive, energy and tech that are accelerating the convergence of the mobility and energy industries. Hive Power’s Flexo platform orchestrates the delivery of flexibility and grid balancing services, making the grid smarter and more resilient, while enabling fleet owners and operators to generate additional revenue from their EV fleets. Hive Power’s software suite also allows OEMs to offer so much more than metal, which I believe is going to be an important differentiator in the EV age.
If you want a sneak peek into the possibilities EVs hold, then this is the interview you don’t want to miss. If you enjoyed my chat with Johanna, please do share the AI in Automotive Podcast with a friend or colleague.
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https://www.ai-in-automotive.com/aiia/502/johannaizett
AI in Automotive Podcast
