Fermata Energy and Xcel Energy Announce Transformative Vehicle-to-Everything Bidirectional Charging Pilot
May 20 2024 - 11:00AM
Business Wire
Balancing Grid Supply and Demand with
Electric Vehicles in Boulder, Colorado
Fermata Energy, Xcel Energy, City of Boulder, Colorado CarShare
and Boulder Housing Partners announced a collaborative
Vehicle-to-Everything (V2X) bidirectional charging pilot project at
Boulder Housing Partners’ 30 Pearl development and the Molly's
Spirits Lakeside facility. This innovative V2X pilot program
transforms parked EVs into mobile power units, advancing grid
resilience and reducing electric bill costs while supporting
underserved communities and local businesses.
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Fermata Energy and Xcel Energy's
Vehicle-to-Everything (V2X) bidirectional charging pilot project at
Boulder Housing Partners’ 30 Pearl development (Photo: Business
Wire)
Fermata Energy's intelligent bidirectional charging platform
paired with four (4) FE-20 chargers and two (2) of Colorado
CarShare’s Nissan LEAFs will showcase V2X and Vehicle-to-Building
(V2B) technology's untapped potential. When an electric vehicle is
parked and in V2X mode, the Fermata Energy platform leverages the
vehicle’s battery energy to offset and lower the building’s peak
demand. Fermata Energy’s Demand Charge Management (DCM) software
intelligence manages the total system power and energy via charge
rate, frequency and depth while intelligently preserving the
vehicle's battery health. This technology is designed to optimize
customer value by curtailing building peak demand at the same time
preserving needed range for the expected electric vehicle duty
cycle.
"We're on the cusp of a transformative era in energy management,
where electric vehicles transcend their traditional transportation
roles to become pivotal in increasing grid resilience and
sustainability," Tony Posawatz, CEO of Fermata Energy, stated.
"This collaboration with Xcel Energy is more than a project; it's a
blueprint for an attainable global renewable energy ecosystem.”
“This program helps deliver the benefits of electric vehicles to
all customers in the communities we serve, including those that
don’t drive, or drive electric. This project is a proof of concept
of bi-directional charging, to assess technology with the potential
to enhance customer bill savings,” said Huma Seth, Director of
Clean Transportation at Xcel Energy. “We know EVs can help
customers save money on their transportation costs and they deliver
cleaner air for everyone because they are powered with increasingly
clean electricity.”
Beyond these newest deployments, Fermata Energy's V2X impact is
notable. Since December 2020, the City of Boulder has leveraged
Fermata Energy's V2B technology at the North Boulder Recreation
Center, achieving energy cost savings and reinforcing the city's
renewable energy and sustainability commitment. The Alliance
Center, with Colorado CarShare, launched a V2B project,
illuminating electric carsharing and grid technology synergy to
address climate change effectively in one of Denver's historic
buildings. Fermata Energy also launched a Vehicle-to-Grid (V2G)
pilot program for multi-family affordable housing to increase
affordable access to EVs for low-income drivers in Boston.
The collaboration between Fermata Energy, Xcel Energy, City of
Boulder, Colorado CarShare and Boulder Housing Partners
demonstrates a practical application to scale V2X technology
deployments within Xcel Energy's service territory, marking a
significant step forward in the integration of electric vehicles
with the energy grid for enhanced resilience and efficiency.
About Fermata Energy
Fermata Energy is a leading platform services provider of
intelligent Vehicle-to-Everything (V2X) bidirectional charging
technology, including Vehicle-to-Grid (V2G), Vehicle-to-Home (V2H),
and Vehicle-to-Building (V2B) solutions. The company was founded in
2010 to accelerate the adoption of bidirectional energy technology
solutions through inspiration and innovation. Fermata Energy’s
proprietary technology enables its customers to manage EVs as
distributed energy resources by selling excess energy stored in
parked EV batteries to offset costly peak demand charges. To learn
more about Fermata Energy, please visit https://fermataenergy.com/
and follow the company on LinkedIn.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers
millions of homes and businesses across eight Western and
Midwestern states. Headquartered in Minneapolis, the company is an
industry leader in responsibly reducing carbon emissions and
producing and delivering clean energy solutions from a variety of
renewable sources at competitive prices. For more information,
visit xcelenergy.com or follow us on X, formerly known as Twitter,
and Facebook.
About Colorado CarShare
This collaboration not only showcases cutting-edge technology,
but also aligns with Colorado Carshare’s commitment to
environmentally sustainable and socially responsible transportation
solutions. For more information, visit carshare.org, Facebook,
Instagram.
About the City of Boulder
The city’s Climate Initiatives Department drives efforts to slow
climate change and build a more resilient community for all, with a
focus on energy systems, the circular economy and nature-based
climate solutions. Learn more about the City of Boulder.
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version on businesswire.com: https://www.businesswire.com/news/home/20240520170080/en/
Fermata Energy Media Contact: media@fermataenergy.com
Xcel Energy Media Contact:
mediainquiries@xcelenergy.com
Colorado CarShare Media Contact: info@carshare.org
City of Boulder Media Contact:
niclil@bouldercolorado.gov