Mar 29, 2023
EIPGRID, a leader in distributed energy resource management, and Rainforest Automation, energy management solutions expert, unveiled plans to release a scalable EV charging software solution by the end of the year. The solution will deliver a highly efficient digital platform, which provides secure real time monitoring and management of all assets (EV fleet, chargers, energy storage, solar panels, etc.) from all sites to companies and end users in North America and around the world. Moreover, the solution will enable seamless participation in energy market programs, such as Demand Response, thereby making it an exceptional choice for current energy management requirements.
According to the latest statistics, EV sales in the United States exceeded 800,000 units in 2022, almost doubling from the previous year and representing nearly 6% of the overall market share. As EVmarket share continues to expand, there is a growing need for advanced charging and charge-management solutions to meet the increasing demand. The charge-management solution announced by EIPGRID and Rainforest Automation addresses the challenges posed by the grid itself due to the increasing popularity of electric vehicles, such as the availability of charging infrastructure, grid overload, long charging times, and integration of renewable energy sources.
This innovative EIPGRID-Rainforest solution is cloud-based and AI-driven. It offers a comprehensive approach to managing electric vehicle charging, ensuring efficient, cost-effective, and sustainable charging by providing remote, real-time monitoring and data collection for assets, allowing for deep-dive analysis of highly granular raw data. It also includes charging load forecasts and analysis to create optimal EV charging schedules, as well as price forecasts for electricity market participation, leading to significant savings on electricity bills, grid stabilization, and reduced CO2 emissions by incorporating renewable energy.
“Our cloud-based, AI-driven solution, developed in partnership with Rainforest Automation, addresses EV and grid challenges by ensuring efficient and sustainable charging, while also saving money and stabilizing the grid,” said Tony Lee, CEO of EIPGRID. “We are committed to promoting the adoption of EVs and facilitating a transition to a more sustainable future through our innovative energy solutions."
“We plan to leverage our partnership to bring solutions to market quickly and efficiently. We expect this partnership to have a significant impact on the global market for EV charging management, which requires efficient solutions as EV adoption accelerates in the coming years,” said Rainforest Automation CEO, Chris Tumpach. “EIPGRID and Rainforest are committed to driving this growth through their joint efforts and creating a more sustainable future for all.”
EIPGRID Inc. is a community energy services and solutions provider with more than a decade of experience in the energy domain and operations all across the globe. Headquartered in Seoul, South Korea, the company offers a product line designed to support all energy market players, from community managers and end-users with energy resources, to power aggregators and utilities in charge of the grid. Through EIPGRID’s cutting-edge technology powered by AI, all market participants get to maximize their profits through the most optimal power management while diving into various business applications, including Demand Response, Solar, Energy Storage, EV, Micro-Grid, and simultaneously exploring numerous benefits of the RE100 business model and CO2 trading. For more information and updates, visit EIPGRID’s official website, LinkedIn and Twitter.
About Rainforest Automation
Rainforest Automation is an energy management software company that serves global electric utilities, helping them analyze, reduce, and shift their customer's energy usage. Rainforest’s platform combines energy efficiency, demand response, smart home, and electric vehicle charging into a consolidated, customer-focused solution. The platform leverages existing utility meter data to provide insights for grid planning, distribution optimization, and customer programs. Then, using a combination of behavioral and automated control, it drives cuts to peak energy demand and improved energy efficiency, allowing utilities to avoid costly infrastructure investments. With over a decade of experience and 30+ utilities deployed with our solutions on three continents, Rainforest is on a mission to change how the world uses energy.