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Under normal conditions, this stabilizing technology will be particularly important as the powergrid is expected to rely more and more on variable renewable resources such as wind and solar technologies. First, reducing the cost of integrating variable renewable generation reduces the electricity costs for all ratepayers.
Today, the goal is to produce 40% of the country's current electricity consumption from renewable energy and have electric vehicles represent every tenth car on Irish roads. This project is bolstered by Ireland’s energy policy to increase sustainable energy use in the transportation sector by 2020.
To fully acknowledge the importance of smart charging for EVs, it helps to compare it to “dumb charging.” Consider plugging in your cell phone: While it can communicate to you its charge level , the phone is not communicating with the powergrid and the charging implement to adapt its power usage.
EV Charging Billing – monetization of EV charging networks via billing and settlement. Energy Management – optimal EV charging through advanced algorithms, smartgrid access, use of local renewables, and demand-side response. Type 2 chargers can also be installed in-home for faster charging.
Both the International Energy Agency and McKinsey & Company project that the grid can accommodate most of the Level 1 and Level 2 charging requirements through 2030. More importantly, it makes possible a range of solutions that can extend the capabilities of the existing grid. That can become a bottleneck to growth. .
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