Published on June 12th, 2017 | by James Ayre0
eMotorWerks Doubled Revenues For 3rd Consecutive Year In 2016
June 12th, 2017 by James Ayre
The electric vehicle smart grid charging technology firm eMotorWerks doubled its revenues for the third consecutive year in 2016, according to a recent press release. This expansion and revenue growth was partly the result of partnerships with companies such as AeroVironment, Webasto, and Nayax.
The company’s growing customer base is reflected in the fact that the firm now has more than 18,000 charging stations installed around the world.
“Our smart grid charging solutions continue to gain significant growth because we solve problems that directly affect EV drivers, charging station equipment manufacturers as well as utility operators,” commented eMotorWerks CEO, Val Miftakhov.
“Beyond the well publicized growth the EV industry will enjoy during the next five years, a massive challenge lies ahead: the ability for electricity providers to charge EVs while maintaining a reliable grid for everyone, while at the same time taking advantage of the abundant and less expensive solar and wind energy available on our grid. Our solution primes operators for the upcoming grid demand while also providing an intuitive and convenient solution for drivers that doesn’t impact usage of their vehicles: smart-grid charging stations from a variety of leading vendors all linked to our JuiceNet open-standards based communications and control platform. We offer a proven track record of robust, reliable, and enduring solutions for utilities and EV drivers who are looking to further prepare for the accelerating growth in EV adoption.”
The press release provides a bit more: “Much of eMotorWerks’ success has come from the company’s JuiceNet platform. JuiceNet and its associated APIs provides innovative utilities, grid operators, and ‘load aggregators’ the ability to aggregate fleets of charging EVs and modulate energy demand on the grid, to allow for collective EV load shifting to times when renewable resources are more abundant and or energy rates are lower. Beyond AeroVironment and Nayax, eMotorWerks also partnered with the German energy company, conenergy, to create solar-optimized EV charging solutions that increase utility tariff savings for commercial and residential solar owners. Additionally, utilities such as Sonoma Clean Power work with eMotorWerks to provide free smart-grid enabled charging stations and reward programs to EV drivers in their region.”