World Witnessing Disruption With The Development Of Next-Generation Charging Solution By CIOReviewIndia Team

World Witnessing Disruption With The Development Of Next-Generation Charging Solution

CIOReviewIndia Team | Monday, 13 January 2020, 13:23 IST

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World Witnessing Disruption With The Development Of Next-Generation Charging SolutionTo cope of with the growing demand for energy, there is an increase in the vehicle electrification and also advancements in technologies in the form of vehicle-to-grid (V2G) and peer-to-peer blockchain trading, and  has enabled utilities to deploy smart charging and demand response programs.  Hence, it is expected that the next generation technologies will be dominated by vehicle-to-home, fast-charging, and vehicle-to-grid models. These models will further see growth as it will be delivered in packages with wider grid services, i.e., with load management and demand response.  

According to Vasanth Krishan, Analyst for Energy & Environment at Frost & Sullivan, “Utilities will play a bigger role in the transportation electrification revolution with offerings such as EV-specific dynamic pricing, integration with decentralized storage units, vehicle-to-anything (V2X), and workplace charging incentives. Collaborative efforts between various stakeholders in the automotive and energy value chain are critical for utilities to offer competitive bundled services and products.”

Speaking about the key factors to its success, Krishan has also stated that the digital platforms supporting charging solutions by delivering real-time updates on slot availabilities, electricity pricing, and other unique features. "Innovative charging solutions will play a key role in easing the transition to EVs. Overall, simplicity of use, standardization, and 24x7 support will be vital for the mass adoption of charging solutions," he added.

Furthermore, Frost & Sullivan's recent analysis -   Future Opportunities in EV Charging, Forecasts to 2030 - has also analyzed numerous charging models which are in its development process so as to assess its technological and commercial capabilities;  Scrutinizing important stakeholders like battery suppliers, power utilities and infrastructure, EV manufacturers, EV end users, EV aggregators, external actors, and regulators.

So, further growth can be expected with efficient charging solution providers which will be able to ensure availability of charging infrastructure across commonly used transportation routes, enable commodity and availability by bringing collaboration among EV manufacturers, utilities, and technology solution providers, manage the charging portfolio and monitor the health of the equipment by using today’s robust digital platforms, and also accelerate the vehicle-to-grid and smart charging initiatives within the local energy communities by evaluating feasibility of blockchain technology. 

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