Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market
25 October 2017
Enel S.p.A., through its US subsidiary EnerNOC, has acquired California-based eMotorWerks, a North American supplier of electric vehicle (EV) charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities.
Through the JuiceNet platform, these facilities can be remotely controlled and aggregated for grid balancing purposes relying on unidirectional and bidirectional (vehicle-to-grid, V2G) electricity flows. The acquisition of eMotorWerks marks Enel’s entrance into the US electric mobility market.
Electric vehicles have the potential to be one of the most disruptive technologies the modern electricity grid has faced in the last one hundred years. The electric mobility revolution is leading utilities, grid operators, and consumers to rethink traditional business models, invest in new infrastructure, and roll out new solutions to provide flexibility and resiliency to the grid. Our mission is to be on the cutting edge of this paradigm shift, where consumers can play a more active role in energy generation and use. This acquisition enriches our e-mobility offering and integrates a highly sophisticated smart EV charging solution within our portfolio of grid flexibility services, which includes the world’s largest demand response network, distributed energy management systems and battery storage solutions.—Francesco Venturini, Head of Enel’s Global e-Solutions division
This acquisition further substantiates the implementation of Enel’s strategy to deliver, innovative customer-focused products and services to the market, such as smart charging, integration between electric vehicles and distributed generation resources, as well as grid balancing and V2G services. Enel is planning to use JuiceNet platform’s functions in all of its EV charging stations globally.
Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina.
With eMotorWerks’ JuiceNet platform, users can remotely schedule and control the “greenest” and most cost-effective times to charge their EVs. For example, JuiceNet allows users to schedule EV charging when electricity from domestic solar rooftop systems is most abundant.
Furthermore, through JuiceNet, EVs, V2G charging stations and other storage facilities can also be used to respond to network signals, aggregating charging and discharging activities in order to balance electricity flows in the grid when needed. These balancing services can provide additional revenue streams for EV owners, potentially lowering the total cost of ownership of these vehicles.
eMotorWerks has deployed more than 25,000 smart-grid enabled charging stations to date.
Enel is a multinational power company and a leading integrated player in the global, power, gas and renewables markets. It is Europe’s largest utility in terms of market capitalization and figures among Europe’s leading power companies in terms of installed capacity and reported EBITDA.
The Group is present in more than 30 countries worldwide, producing energy with more than 86 GW of managed capacity. Enel distributes electricity and gas through a network of more than 2 million kilometers, and with more than 65 million business and household customers globally, the Group has the largest customer base among European competitors.
Enel’s renewables arm Enel Green Power already manages more than 39 GW of wind, solar, geothermal, biomass and hydropower plants in Europe, the Americas, Africa, Asia and has recently arrived in Australia.
In North America, Enel’s renewable subsidiary Enel Green Power North America (EGPNA) operates around 100 plants with a managed capacity exceeding 3.3 GW powered by renewable hydropower, wind, geothermal and solar energy. Through EGPNA, in January Enel acquired the US-based company specialized in intelligent software and energy storage systems Demand Energy Networks, while in August it completed the acquisition of EnerNOC, a leading provider of demand response and energy services for utility, commercial, institutional and industrial customers.
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Posted by: David Kalen | 14 June 2018 at 04:34 AM