eMotorWerks and LO3 Energy announced a partnership to develop a series of microgrid and EV projects with the joint goal of exploring high-value use cases for local energy markets. eMotorWerks’ JuiceNet smart grid technology will be connected to one of LO3’s transactive energy marketplaces, activating local renewable energy to be traded between the microgrid and electric vehicle owners.
The companies view this project as a key component of a broad service portfolio for utilities that can choose when and which types of resources are used to charge electric cars, and use the vehicles as energy resources for local grid balancing. EV drivers seeking to reduce their electricity costs and EV fleet managers wanting to establish predictable charging costs will benefit most from the program.
To read more about the partnership, go to this article.