Navigant shares latest insights on energy storage options for EV charging in an article for Euractiv
Navigant Research’s lead analyst for Advanced Batteries Innovations research service, Ian McClenny, wrote an article for Euractiv discussing the past, present, and future of EV infrastructure and how Navigant Research sees the industry moving forward in the Energy Cloud.
As vehicle-to-grid integration becomes a hot topic for utilities, Navigant Research sees EV infrastructure as a key component to the manifestation of the Energy Cloud. “Through technology innovation, education, progressive policy, and utility mindfulness, global energy markets will reach the interoperability that the industry is trending towards,” wrote McClenny.
Visions for future EV infrastructure include the installation of energy storage to support EV charging. McClenny explained that advanced energy storage is an immediate solution to EV infrastructure problems, such as range anxiety for customers and saving them time with technology capable of charging vehicles in minutes rather than hours at a fair cost.
“While some believe battery-enabled EV charges will not have as competitive of a business case as EVs continue to proliferate the market, Navigant Research believes that battery-enabled EV chargers will benefit from economies of scale and effectively absorb demand charges with the higher volume of vehicles going through a station,” wrote McClenny.
In this scenario, energy storage can charge from the grid when electricity costs are lower and discharge to EVs during times of high demand.
“When a car arrives, the battery can deliver electricity to that vehicle without drawing power from the grid. If two vehicles arrive, one can receive power from the battery and the other from the grid. In both cases, the business case improves because electricity prices and demand charges are lower,” said McClenny.