Date: 14th July 2020
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
- Electric Miles could deliver savings of up to 40% on each charge, as well as reducing the impact of mass EV charging on the Grid
- The firm will enable companies to accelerate their fleet transition to electric vehicles, by giving them assurance around future costs
LONDON: 13th July 2020: Electric vehicles (EV) charging Software-as-a-Service (SaaS) provider, Electric Miles, today announces that it 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 two contracts together demonstrate Electric Miles’ extensive offering – delivering 8 MW of flexibility across South East England, the East of England, London the Midlands, South Wales and the South West – as its unique software and app combination reduces the cost and environmental impact of EV charging.
With sales of electric vehicles set to soar as the government sets minimum levels of 40% of EV’s 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, thus avoiding millions of pounds of upgrade costs.
Electric Miles have developed their AI-based SaaS model to offer solutions for both the consumer and B2B fleet market – optimising charging based on the amount of renewables on the Grid, availability of the market, and overall energy demand. By balancing all of these measures, Electric Miles could deliver savings of up to 40% on each charge and reduce the impact of mass EV charging on the Grid – 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.
Arun Anand, Electric Miles’ Founder and CEO, said “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. 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.”
About Electric Miles:
Electric Miles’ is the only solution available that can offer their patent-pending automated charging, schedule sync, tariff selection, load management, flexibility sales, fleet charging and carbon trading, all via their app.
With a mission to help accelerate the move towards a Net Zero future, Electric Miles, a cleantech company, are developing an intelligent Internet of Energy (IoE) electric vehicle charging solution. We connect EV and home batteries with the best computer intelligence to help users save energy costs, be more efficient, and reduce overall energy needs.
Partnering with OEM, Chargepoint Manufacturers, Operators or Energy Utilities, Electric Miles can help to reduce the charging bills by up to 40% for domestic and fleet operators. Our charge optimisation engine means the platform can set a dynamic charging schedule based on tariffs, carbon intensity of grid and drivers schedule delivering savings to individual owners or fleet managers. The platform manages it all automatically overnight, leaving the vehicle charged and ready to use in the morning.