EV charging platform Monta and energy optimiser GridBeyond have partnered on technology to turn charging points into valuable resources and contributing towards grid stability.
With charging points in urban areas often putting the grid under pressure to meet demand, through working with GridBeyond, Monta’s managed EV chargers aims to be used as valuable demand-side assets in the Capacity Market and SFFR (Static Firm Frequency Response) programmes.
By pausing all ongoing charges, the electricity demand is reduced, matching the pattern set by the imbalance, stabilising the grid and earning revenues from participation of these flexible assets within market. Monta customers opt into the service via Monta’s PowerBank” product.
The testing stage is already underway and the company claims it has already delivered successful results. By linking with Monta’s platform GridBeyond was able to provide market access to flexibility programmes in the UK, to forecast periods in advance where imbalances occur and aggregate the flexibility provided by Monta’s charges for dispatch under market programmes to earn maximum rewards for drivers.
Regional Director at Monta Alok Dubey said: “EVs have a huge opportunity to serve as a flexible asset to the grid if charging is managed correctly. We’re excited to partner with GridBeyond to deliver this pioneering service in the UK and Ireland.
Michael Kent Head of EV Solutions at Monta said: “GridBeyond are delighted to be partnering with Monta in this innovate solution to help balance the local and national grids. As EV ownership grows, the opportunity that these types of services gives can provide a useful solution across the UK. We are looking forward to growing our relationship with Monta, who are a market leader in EV software related services.”
