What is Power Management and Why is it Important For the Growth of EVs
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EverCharge does a lot to help your building get the most out of its existing infrastructure, easily saving customers thousands on installs.
We do this by intelligently managing power and maximizing the charging infrastructure by dynamically distributing available power. With EverCharge, not only do you avoid unnecessary costs such as overcapacity fees, but you also avoid expensive infrastructure upgrades meaning you’ll get the most out of your charging stations and save a lot of money in the process.
Power Management Technology
Power management is an indispensable feature for buildings that uses power in the most efficient way possible. It senses when and where power is needed most, maximizing the existing infrastucture.
This is important because operating charging stations requires the building to carry the cumulative total capacity of the charging stations. This means that buildings must account for chargers as if they are working at 100% all of the time. Power management distributes the available power capacity dynamically over all active charging stations. In doing so, it ensures that optimal charging is provided to each vehicle at any location, within the limits of building power capacity. By dynamically moving power between vehicles, EverCharge can install more stations for a far lower cost than anyone else. In essence, power management is able to reduce power capacity as needed.
Your building has a maximum of 100A available. A traditional Level 2 charger provides 30A of power meaning your building can install three charging stations before new electrical service is brought in. Depending on the garage this additional service can range anywhere from $25,000 to $100,000 or more! However using power managment, EverCharge can install 10-15+ charging stations on that same 100A all by dynamically balancing the power and sending it to where its needed most. Meaning not only are buildings charging needs covered for the foreseeable future, but they also avoid those costly service upgrades too.
EverCharge's Dashboard is the perfect tool for property managers and residents alike.
To save time and effort, EverCharge conveniently gathers the power usage from the charging stations within a single cloud-based management platform and takes care of automatic billing and reimbursements so residents, HOAs, and property managers don't have to worry about calculating this on their own or installing expensive power meters for each station.
EverCharge charging stations communicate between each other and send data back to our cloud system, enabling the chargers to monitor the power used on a per resident basis, bill them accordingly, and reimbursing the property manager or HOA automatically. Residents can view their usage and pay their bill conveniently, while removing the need to monitor power and collect payment.
EverCharge has installed 10 charging stations at your property. With a traditional charging system, each one of these chargers would need a separtate meter installed taking up wall space and adding yet another cost. With EverCharge, all power monitoring is built-in, and because all that data is tracked and stored in the cloud HOAs and property managers don't need to worry about trying to keep track of what they owe or how they can collect. Everything happens automatically saving time and money in the process.
Avoiding Time of Use and Peak Hours Fees
During each charging session, power consumption may run past the peak consumption available. This means that when you exceed your peak consumption your network operator will charge you a far higher utility rate due to increased power consumption. It doesn't end there, once you're in a higher tier you'll stay there until your next billing cycle making total building power more expensive.
EverCharge completely prevents this. As soon as you threaten to reach peak consumption, power managment will automatically reduce the consumption of a charging session ensuring that your building avoids moving into the next tier.
While this might not be an issue for single-family homes, it can be very problematic for multi-family buildings like apartments and condos. By avoiding the peak consumption charges, EverCharge saves everyone money on their monthly bills.
A 100 unit building had 100% EV adoption with and without power management. Leveraging power management essentially eliminates the demand charges. As you can see without power management demand peaked at 666kW (an unintentionally ominous number I'm sure), whereas using power management made peak demand a mere 447kW.
This is an extreme scenario of 100% EVs and one that will take years to fully achieve, yet it's clear to see that power management effectively eliminated the peak demand. Now imagine for a second that this wasn't just a single building leveraging EverCharge technology but rather an entire city. It's easy to see just how effective power management can be.