With the recent energy crisis looming over Europe reducing energy costs is a top priority for each household. With the least energy production capabilities in EU, Lithuania experienced the sharpest rise in prices compared to other countries. Soaring prices threaten electric vehicle transition as the costs of having an EV are becoming higher than having an internal combustion engine car.
Completed
Description
Problem
With the recent energy crisis looming over Europe reducing energy costs is a top priority for each household. With the least energy production capabilities in EU, Lithuania experienced the sharpest rise in prices compared to other countries. Soaring prices threaten electric vehicle transition as the costs of having an EV are becoming higher than having an internal combustion engine car.
Solution
By partnering with Estonian startup Gridio, Ignitis innovation team kicked-off a pilot project of dynamic EV charging that was implemented in Ignitis EnergySmart mobile application. This functionality allows EV owners to capture the cheapest energy price hours in the market. Ignitis EnergySmart users need to directly integrate their EVs with the application, set the dynamic charging hours, place the market price cap, and hit dynamic charging button. This will effortlessly automate charging sessions during the cheapest hours and save money for EV charging sessions at home.
Status and progress
The functionality is live on the application and any Ignitis EnergySmart user with dynamic market tariff at home can use it with the following car models: Tesla, VW, Cupra, Audi, Hyundai, KIA, Škoda, Seat, BMW. As this is a first pilot project on EnergySmart application platform, we will keep adding new EV models in future so that more EV owners could utilize this simple way of energy saving.
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