Enel acquisition marks entry into US electric vehicle market

Enel has, through its US subsidiary EnerNOC, announced today the acquisition of California-based eMotorWerks, a leading North American supplier of electric vehicle (EV) charging stations.

eMotorWerks is the operator of the charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities.
Enel
à‚ Through the JuiceNet platform, these facilities can be remotely controlled and aggregated for grid balancing purposes relying on unidirectional and bidirectional (vehicle-to-grid, V2G) electricity flows. The acquisition of eMotorWerks marks Enel’s entrance into the US electric mobility market, one of the largest EV markets at global level.

“Electric vehicles have the potential to be one of the most disruptive technologies the modern electricity grid has faced in the last one hundred years,” said Francesco Venturini, Head of Enel’s Global e-Solutions division.

“The electric mobility revolution is leading utilities, grid operators, and consumers to rethink traditional business models, invest in new infrastructure, and roll out new solutions to provide flexibility and resiliency to the grid. Our mission is to be on the cutting edge of this paradigm shift, where consumers can play a more active role in energy generation and use. This acquisition enriches our e-mobility offering and integrates a highly sophisticated smart EV charging solution within our portfolio of grid flexibility services, which includes the world’s largest demand response network, distributed energy management systems and battery storage solutions.”

“With smart energy management by JuiceNet, EVs can provide the bulk of the grid balancing capacity to enable the 100% renewable grid around the world.à‚ Additionally, as EV adoption grows, utilities must either add moreà‚ infrastructureà‚ to meet energy demands or adopt smart-charging solutions.à‚ eMotorWerk’sà‚ solution minimizes EV emissionsà‚ and remotelyà‚ optimizesà‚ charging load, which can reduce peak demands and increase the likelihood that EVs charge on cheaper and cleaner renewable energy,” said Val Miftakhov, eMotorWerks Founder and CEO. “As the newest member of Enel family,à‚ eMotorWerks now has all the resources and go-to-market access required to scale our solutions globally and drive the faster adoption of a smart, grid-integrated EV future.”à‚ 

This acquisition further substantiates the implementation of Enel’s strategy to deliver, customer-focused products and services to the market, such as smart charging, integration between electric vehicles and distributed generation resources, as well as grid balancing and V2G services. Enel is planning to use JuiceNet platform’s functions in all of its EV charging stations globally.

With eMotorWerks’ JuiceNet platform, users can remotely schedule and control the “greenest” and most cost-effective times to charge their EVs. For example, JuiceNet allows users to schedule EV charging when electricity from domestic solar rooftop systems is most abundant. Furthermore, through JuiceNet, EVs, V2G charging stations and other storage facilities can also be used to respond to network signals, aggregating charging and discharging activities in order to balance electricity flows in the grid when needed.

These balancing services can provide additional revenue streams for EV owners, potentially lowering the total cost of ownership of these vehicles.

The acquisition comes on the heels of eMotorWerks’ listing as the 17th fastest growing company in Silicon Valley and the 19th fastest growing energy company in the US by the Inc. 5000 list.

eMotorWerks has deployed more than 25,000 smart-grid enabled charging stations to date.

In North America, Enel’s renewable subsidiary Enel Green Power North America (EGPNA) operates around 100 plants with a managed capacity exceeding 3.3 GW powered by renewable hydropower, wind, geothermal and solar energy. Through EGPNA, in January Enel acquiredà‚  a US-based company specialised in intelligent software and energy storage systems Demand Energy Networks, while in August it completed the acquisition of EnerNOC, a leading provider of demand response and energy services for utility, commercial, institutional and industrial customers.

Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina.

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