Electric vehicles (EV) charging Software-as-a-Service (SaaS) provider, Electric Miles announces that it has won two new contracts to provide Grid balancing flexibility services via the EV charging network for UK Power Networks and Western Power Distribution.
The two contracts together demonstrate Electric Miles’ extensive offering – delivering 8 MW of flexibility across South East England, the East of England, London the Midlands, South Wales, and the South West – as its unique software and app combination reduces the cost and environmental impact of EV charging.
AI-based SaaS model
With sales of electric vehicles set to soar as the government sets minimum levels of 40% of EVs within corporate fleets by 2024, distribution companies are seeking solutions to reduce the potential impact of mass charging requirements on the UK’s energy infrastructure, thus avoiding millions of pounds of upgrade costs.
Electric Miles has developed their AI-based SaaS model to offer solutions for both the consumer and B2B fleet market – optimizing charging based on the number of renewables on the Grid, availability of the market, and overall energy demand.
40% savings
The model could also help companies accelerate their fleet transition to EVs, by giving them assurance
By balancing all of these measures, Electric Miles could deliver savings of up to 40% on each charge and reduce the impact of mass EV charging on the Grid – identified as one of the key problems facing distribution system operators and the National Grid over the coming years.
The model could also help companies accelerate their fleet transition to EVs, by giving them assurance about future costs.
2050 ‘Net Zero’ target
Arun Anand, Electric Miles’ Founder and CEO, said, "I firmly believe EV charging should not be a burden on the electricity grid."
He adds, "Instead, it can be used as a hugely valuable balancing tool that can enable greater use of renewable energy, help distribution companies balance demand, and play a big role in supporting the UK to achieve its 2050 ‘Net Zero’ target."
grid balancing services
Arun Anand continues, "At Electric Miles, our platform ensures drivers and fleet managers will always have the right charge in the vehicle for the cheapest possible cost and lowest carbon."
He further states, "Winning these two contracts is a great acknowledgment of the role that our software can play in delivering grid balancing services and in turn, will provide our users with additional revenue."