Car Charging Group announced today that it has finalized an agreement with Technology with Spirit ("TWS"), a global industry leader focused on energy storage and rechargeable battery solutions. Through this relationship, CarCharging can now offer TWS' energy storage and rechargeable battery project solutions to its current charging site hosts as well as to future property partners in conjunction with or independent of EV charging services.
By offering TWS' energy storage applications together with its wide array of EV charging equipment and services, CarCharging is able to provide its property partners with a comprehensive solution to reduce energy costs. TWS' energy storage applications provide CarCharging's customers with the opportunity to stabilize peaks in their energy consumption; thereby, reducing costly demand charges. TWS' innovative products and reliable solutions address an expanding range of energy sources, including renewables, such as solar, wind, or the electric grid. TWS has the technology to design and build low-cost Lithium-ion battery solutions in the energy range from kilowatt hour (KWh) to megawatt hour (MWh), and is currently developing the Lithium-ion energy storage technologies of tomorrow.
"Energy storage applications benefit properties in that they reduce energy costs by monitoring energy consumption and then, pull energy at off-peak hours, store it, and dispense it at peak hours," said Gordon Clements, VP International Sales, TWS. "As a growing market, electric car charging presents a new area of electricity demand, and with their hundreds of partners and thousands of charging stations, we are excited to partner with CarCharging to offer our services."
"With Blink Network, the software that operates, monitors, and tracks the Blink stations and all of its charging data, we are able to observe real-time charging data and the demand that the stations have on the electricity grid," said Michael D. Farkas, CarCharging's Chief Visionary Officer. "By combining Blink EV chargers with TWS' energy storage solutions, properties are able to use the charging data to manage the energy demand from the charging stations and adjust accordingly."