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The article published on GreenBiz analyzes how utilities are investing in electric vehicle charging infrastructure installation and management services. The electricity needed for the charging infrastructure represents a potential new revenue source and the installations act as a balancing mechanism by drawing power during non-peak periods.
Power company Enel is a great example of an energy company which is actively playing in the EV charging industry. Last year the company acquired eMotorWerks, a US-based startup which develops smart grid EV charging solutions. The charging stations use JuiceNet software technology and can be remotely controlled and aggregated for grid services. Enel is determined to leverage this technology for energy demand response programs and better use of renewable energy resources.
Learn how other US and foreign utility companies are getting ready for the expansion of electric vehicles here.