1. Sustainability problem: the contribution of the electric sector to climate change
Climate change is one of the most urgent issues of our time. The electric sector is a key culprit in driving this path as the economic sector contributing more to climate change than any other sector in the U.S. More specifically, the sector accounts for approximately 30% of the U.S. Greenhouse Gas (GHG) emissions. Decarbonizing the electricity sector, while also making the aging power grid more modern, smart, and resilient is a prime challenge and opportunity.
2. Technology: IoT network of distributed loads through EV charging stations
Source: “eMotorWerks Acquired By Enel”, Clean Technica (https://cleantechnica.com/2017/10/26/emotorwerks-acquired-enel/)
- This article discusses a growth company called eMotorWerks, which provides electric vehicle supply equipment (EVSEs) – a.k.a. charging stations — and aggregates these distributed loads into an IoT platform called JuiceNet
- The technology not only allows for the chargers to be remotely controlled and charge EVs at the most cost effective times, but it also connects all of the EVSEs into a network of storage capacity that can respond to information from the grid and provide demand response services to utilities
- For EV owners, using eMotorWerks’ solution can lower the cost of ownership as participation in demand response can provide them with additional revenue streams
- This kind of demand response platform will be increasingly valuable in balancing the grid as more intermittent renewable energy enters the system
- The platform also helps create a more resilient and distributed grid and system of resources
Tags: #energy #renewableenergy #ev #evse #demandresponse #smartgrid
3. Organizational stakeholders
This technology has a variety of different stakeholders. Residential EV owners can buy eMotorWerks’ EVSEs for their own homes. Commercial owners of EV fleets and/or charging infrastructure can also buy these EVSEs, use the software, and participate in the platform. Another key stakeholder is the utility, which can take advantage of the demand response services provided by the JuiceNet charging network. Last, other OEMs are stakeholders because eMotorWerks’ technology can be used in white-label deals.
- Integrate eMotorWerks’ solution with Enel (utility that just acquired them) to maximize the value of the demand management services
- Continue forging relationships with OEMs to grow the size of the network
- Build stronger relationships with potential commercial customers to ensure wide public availability of charging infrastructure
5. Comment on other post
I commented on “Clean Meat and the Future of Food”
The clean meat industry has already received quite a bit of attention from established investors. Memphis Meat has raised $22 M from investors including Bill Gates, Richard Branson, Cargill (agriculture firm), DFJ (VC firm), and other VC firms and angel investors. These investments have been attracted by the potential that this technology has to disrupt the trillion-dollar meat industry which will only grow as emerging markets develop and consume more meat.