The shift to eMobility is coming fast, giving businesses new, federally subsidized ways to attract electric vehicle (EV) customers. EV Charging sites that provide high-powered charging will have to consider the impact of demand charges towards their Total Cost of Ownership (TCO). For example, according to Woodmac’s report “Commercial landscape of EV charging networks in North America,” demand charges could potentially account for 48% to 65% of an operator’s TCO. Therefore, high-powered public charging that leverages clean energy fueling sources offers greater charging efficiency and resiliency from demand charges, which enables a long term cost saving.
The Stem + ChargePoint joint offering, plus support from our energy and charging experts, will help you navigate federal and state processes for securing funding incentives offered through the $5 billion National Electric Vehicle Infrastructure (NEVI) Program for added EV charging asset value that could offset up to 80% of project costs, where available. Beyond NEVI-qualified projects, all EV charging sites can benefit from the Inflation Reduction Act’s tax credits which cover 30% to 50% of renewable asset costs. Attendees will learn how to leverage the joint offering to help reduce demand charges and, where needed, provide backup power for resiliency.
Stem’s Athena® platform and ChargePoint’s Express Plus platform operate seamlessly to provide hardware and cloud-based integration of energy storage, solar, and EV charging assets. Together, we enable a fully interoperable and scalable EV charging solution that allows businesses to enable fast charge capabilities, achieve cost savings, and optimize operations over the life of the project.
In this webinar, any organization considering integrated electrification will learn: