LO3 Energy, a company that builds blockchain-based tools and projects to support the proliferation of distributed energy, has entered into a new partnership to explore the trading of local renewable energy between electric vehicles (EVs) and local energy marketplaces.
Working with eMotorWerks, a subsidiary of the Enel Group’s new business line Enel X, the two companies will use JuiceNet’s smart-grid control technology for a series of microgrid + EV projects to test grid balancing use cases that combine demand from charging EVs with the local supply of green, affordable energy.
eMotorWerks’ JuiceNet platform allows EV owners and operators to remotely monitor and schedule charging for the most cost-effective times of the day, or when surplus electricity from the local solar rooftop system is available for grid export, or at times when high levels of renewable energy generation are available. They can also earn rewards for providing various energy services, both locally and through energy markets.
In an initial project, the partners will connect the JuiceNet EV charging platform to one of LO3’s transactive energy marketplaces, activating local renewable energy to be traded between the microgrid and electric vehicle owners.
The targets of this programme are price-responsive consumers with a flexible charging schedule who would like to leverage EV flexibility to save on their energy bills, or EV fleet managers who want to ensure predictable charging costs, LO3 explained.
Projects like this “showcase how powerful smart charging can be for grid services at scales ranging from hyper-local to state and national levels,” commented Vincent Schachter, senior vice president of Energy Services at eMotorWerks. “We are looking forward to showcasing how JuiceNet can integrate with LO3’s platform to make local transactions smarter, quicker and more useful for future services.”