Enel has bought an electric vehicle (EV) infrastructure developer.
The Italian power and gas distributor has acquired California-based eMotorWerks, which owns a network of EV charging stations and operates an Internet of Things (IoT) platform for the smart management of charging, battery storage and grid balancing.
Enel is planning to use the IoT platform’s functions in all of its EV charging stations across the world.
The remote-controlled platform allows users to remotely schedule the most cost-effective times to charge their EVs, for example when electricity from domestic solar rooftop systems is most abundant.
By allowing electricity to flow in both directions, it allows the sale of power back to the grid.
This can provide additional revenue streams for EV owners, potentially lowering the total cost of ownership of the vehicles.
Francesco Venturini, Head of Enel’s Global e-Solutions division, said: “The electric mobility revolution is leading utilities, grid operators and consumers to rethink traditional business models, invest in new infrastructure and roll out new solutions to provide flexibility and resiliency to the grid.”