What's Happening?
EnergyHub, a provider of grid-edge flexibility solutions, has announced the acquisition of Bridge to Renewables (BTR), a strategic move aimed at accelerating the growth of utility electric vehicle (EV) programs. This acquisition expands EnergyHub's partnerships with top EV original equipment manufacturers (OEMs) and enhances integrations with these OEMs, facilitating engaging EV driver experiences across managed charging programs. EnergyHub's virtual power plant (VPP) technology is utilized by over 80 North American utilities, managing more than 120 programs that integrate EVs, connected thermostats, batteries, and other flexible devices. BTR, a major provider of EV telematics-based solutions, works with 12 EV manufacturers to enable over 500,000 connected vehicles to participate in low-carbon fuel standard programs. The acquisition aims to scale EnergyHub's ability to integrate EVs and other distributed energy resources into cross-DER VPPs, delivering value to customers, EV OEMs, and the grid.
Why It's Important?
The acquisition of BTR by EnergyHub is significant as it enhances the integration of electric vehicles into utility programs, promoting load flexibility and grid reliability. This move is crucial in addressing the rising electricity demand and ensuring affordable service. By streamlining access to managed charging programs, the acquisition benefits utilities, EV OEMs, and drivers, potentially accelerating the adoption of EVs and supporting the transition to a low-carbon economy. The integration of EVs into VPPs can help utilities manage rapid load growth, reduce emissions, and optimize energy resources, contributing to a more sustainable energy future.
What's Next?
Following the acquisition, EnergyHub plans to leverage BTR's existing integrations with EV OEMs to simplify participation in managed charging programs. This will enable faster enrollment and tracking of benefits for drivers, enhancing the overall EV charging experience. EnergyHub aims to expand its reach across more utilities and device classes, catalyzing growth and innovation in the EV managed charging ecosystem. The company will continue to develop transformative grid solutions and customer experiences, building on its expertise in EV data and VPP technology.
