The electrification revolution is upon us, and the adoption of electric vehicles (EVs) is rapidly gaining momentum. With this shift to eMobility, businesses have an exciting opportunity to attract EV customers and capitalize on federally subsidized incentives. However, one crucial aspect that high-powered EV charging sites must address is the impact of demand charges on their Total Cost of Ownership (TCO). Understanding the significance of demand charges and leveraging clean energy sources are keys to unlocking long-term cost savings and charging efficiency.
Stem and ChargePoint teamed up to provide an insightful webinar
click here to watch on-demand
The Impact of Demand Charges on EV Charging Sites
According to a recent Woodmac report, “Commercial landscape of EV charging networks in North America,” demand charges could potentially comprise 48% to 65% of an operator’s TCO. This significant portion of costs makes it essential for charging site operators to consider adding a battery that can charge from the grid or on-site renewables when energy is cheap and use this energy when the vehicle wants to charge at the most expensive time of the day, an effective strategy to mitigate the impact of demand charges.
Clean Energy Fueling: A Path to Greater Charging Efficiency and Resiliency
To optimize charging costs, high-powered public charging stations can turn to clean energy sources. By leveraging solar energy and battery storage, these charging sites can enjoy greater charging efficiency and enhanced resiliency against demand charges. Such a proactive approach towards clean energy solutions enables long-term cost savings and promotes environmental sustainability.
Unlocking Funding Incentives through Stem + ChargePoint Joint Offering
To assist businesses in their transition to eMobility, the collaboration between Stem and ChargePoint brings forth an integrated solution. With the support of energy and charging experts, this joint offering guides organizations through the complex federal and state processes for securing funding incentives.
The $5 billion National Electric Vehicle Infrastructure (NEVI) program is a significant initiative. Qualified EV charging projects under NEVI can offset up to 80% of their costs through available funding incentives. Beyond NEVI-qualified projects, the Inflation Reduction Act’s tax credits open up opportunities for all EV charging sites to cover 30% to 50% of renewable asset costs.
Empowering Businesses with Seamless Integration
Stem’s Athena® platform and ChargePoint’s Express Plus platform unite to provide seamless hardware and cloud-based integration of energy storage, solar panels, and EV charging assets. This powerful combination offers businesses a fully interoperable and scalable EV charging solution. The integrated approach empowers organizations to unlock fast charging capabilities, realize significant cost savings, and optimize operations throughout the project’s lifecycle.
What to Expect in the Webinar
The webinar on-demand provides a valuable resource for any organization considering integrated electrification. Viewers will gain insights into:
- Initiating an Electrification Strategy: Learn how to embark on your electrification journey with new or existing solar and battery storage projects.
- Optimizing Performance with Athena and Express Plus: Discover how Stem’s Athena and ChargePoint’s Express Plus platforms synergistically enhance the performance of solar, battery storage, and EV charging stations.
- Integrated Project Modeling: Explore effective strategies to model and size integrated projects for maximum efficiency and cost-effectiveness.
The transition to eMobility is a groundbreaking opportunity for businesses to tap into the growing market of commercial EV charging. However, companies must embrace clean energy solutions and integrate their charging infrastructure intelligently to navigate the challenges of demand charges and optimize charging efficiency.
The Stem and ChargePoint joint offering presents a compelling pathway to secure funding incentives and reduce costs significantly. By viewing the webinar, organizations will gain valuable knowledge and insights that will empower them to drive electrification success and embrace a sustainable, resilient future. View the webinar on-demand.
