Nissan has struck a deal to invest in ChargeScape, a joint venture jointly owned by BMW, Ford and Honda focused on electric vehicle-grid integration. Once the transaction is completed, Nissan will become an equal 25% investor in Chargescape and will roll out Chargescape’s services to its EV drivers across the US and Canada.
Last month, BMW, Ford and Honda Launch announced ChargeScape, whose software connects wirelessly to electric vehicles and manages the flow of electrons in line with real-time grid conditions, temporarily reduces demand when the grid is disrupted through smart charging (V1G) and here That’s when it takes advantage of sending the energy back into the power grid. Essential (V2G)1. By providing a single platform for electric utilities, vehicle manufacturers and their customers, ChargeScape streamlines the complexity of electric vehicle-grid integration.
Chargescape unlocks financial benefits for EV drivers by enabling services like managed charging and vehicle-to-grid export. By connecting to Chargescape’s platform, EV drivers who choose to do so can receive financial incentives to temporarily pause charging during periods of high demand and ultimately feed the energy stored in their vehicle’s battery into the power grid. Will be able to sell back. Doing so helps grid operators avoid sending costly and often high-carbon “peak plants” When the grid is overloaded.
Nissan’s joining the Chargescape alliance is of particular significance given the sales of more than 650,000 LEAF models in the US, one of the first EVs with the ability to export power to the grid. it is nissan heavy investment in bidirectional charging (V2X) capabilities for its entire electric fleet worldwide, and Chargescape is currently building virtual power plants in California, Texas, and other markets.
“We are pleased to welcome Nissan to the Chargescape joint venture,” said Joseph Vallone, CEO of Chargescape. “Nissan’s decision to join us underlines their commitment to helping customers charge more cheaply and sustainably and highlights Chargescape’s central position in the vehicle-grid integration space.”
“ChargeScape helps us more easily and effectively connect utilities with EV drivers, allowing drivers to participate in managed charging and vehicle-to-grid programs,” said Kent O’Hara, president of 4R at Nissan. “By providing incentives for ownership, the ownership experience becomes more valuable.” Battery business. “Joining Chargescape helps us contribute to nationwide reductions in CO2 emissions by enabling utilities to use EV battery energy storage to balance peak grid demands, while optimizing the use of renewable electricity sources “
