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The Number of Companies Entering the Charger Business Just Keep Growing

(Rick Sander, CEO, Thursday, November 14, 2019)

The electric vehicle (EV) charger and energy storage businesses are dynamic. Both markets are also expanding rapidly as electrified vehicles become more prevalent, and the need to for power storage to minimize grid power availability becomes more apparent. An example of the merger between these two technologies and the interest of utility companies was exhibited on November 6th when the EDF (Energie De France) Group acquired Pivot Power. Pivot is a British company that has focused on the development of battery storage systems for grid-scale and charging infrastructure applications. As a part of that announcement, EDF also stated that they will roll out 75,000 charging points in Europe by 2022.

EDF is just one of many utilities that are deploying charging infrastructure in major cities. In Rhombus’s hometown, San Diego Gas and Electric (SDG&E) announced plans to deploy 340 new EV chargers at San Diego schools, parks and beaches as part of a larger California electrification initiative. In a similar fashion, Francis Renewables, a company that started in the solar power market, is now deploying 250 fast chargers in Oklahoma. While EV charging is definitely a growing revenue opportunity, it is only a revenue opportunity if the chargers are reliable, efficient, and available. The shift to fast chargers (which typically deliver between 60kW and 250kW to each vehicle) requires charger designs that are optimized for high-power operation. Rhombus is an expert in the field of designing and building high-power solutions for a variety of industries, including energy storage and EV charging for DoT Class 1/2/3/4/5 EVs. We have fielded hundreds of high-power EV chargers for multiple customers, with industry-leading reliability and availability. Find out how we can help you by contacting us at sales@rhombusenergy.com.

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