Looking Forward to 2022

Rick Sander, CEO, Wednesday December 22, 2021

If nothing else, 2021 was a slightly better year than 2020! 2020 will go down in history as the year of COVID and 2021 will be remembered as the year of supply chain shortages… On a positive note, the long-awaited federal Infrastructure bill finally passed early last month, and its $1.2 trillion included $10 billion for vehicle electrification and charging infrastructure development. Just as importantly, it looks like the upcoming reconciliation bill will include a number of items for vehicle electrification that were taken out of the infrastructure bill, including a comprehensive federal EV tax credit. These are great steps forward in reducing air pollution and greenhouse gases, while at the same time creating much-needed US blue-collar and white-collar jobs in both the automotive market and charging infrastructure market.

So what does 2022 hold for us? Vehicle electrification will see explosive growth (and share of market) as the money from the two bills above starts to actually hit the marketplace. Equally exciting is the adoption of Vehicle to Everything (V2X) technology, the umbrella that covers vehicle to grid (V2G), vehicle to building (V2B), vehicle to home (V2H), and vehicle to infrastructure (V2I). These technologies allow vehicles (especially medium and heavy duty vehicles) to provide power back to the grid and buildings, either to reduce peak power demand (and cost), or to provide power during emergencies. Last month, Rhombus V2G chargers were added to the approved products list (APL) for several California utilities, enabling them to take credit of the rebates available previously only for unidirectional chargers. More importantly, tax credits and incentives at both the state and federal level look to be on the way to spur further adoption of V2X installations. Finally, a number of V2G production deployments have been made in 2021 that demonstrate V2X’s value, with more expected in 2022.

Rhombus is very proud of our contributions to the deployment of V2X-capable, high-reliability, made in the USA high-power DC fast charging systems for M/HD EV fleets. Our market-leading bi-directional EV charging systems (which are designed from the start for the needs of fleet operators) are designed and built in the USA. Rhombus also excel in the design of high-power smart inverters for next-generation renewable energy and energy storage deployments. Our expertise in energy management system (EMS) software is also embedded in our VectorStat EMS controller and software which is embedded in our EV charging systems and smart inverters. We have built over a thousand V2G-capable high-power, high-reliability chargers and bi-directional smart inverters for a variety of different sizes and classes of EVs.

Find out how we can help you by contacting us at news@rhombusenergy.com, or by reading our Vehicle to Grid Solution Brief.