Virtual Peaker, Louisville, Kentucky, and Fermata Energy, Charlottesville, Virginia, have announced a partnership to integrate Fermata Energy’s vehicle-to-grid (V2G) technology with Virtual Peaker’s cloud-based residential energy demand response platform used by utilities across the country.
The joint venture will make it easier for utilities and their customers to combat climate change by seamlessly managing two-way access to the grid for electric vehicles (EVs), maximizing the use of renewable energy sources, and reducing grid operating costs. Fermata Energy’s bidirectional charging system for EVs — the first in the world to receive UL’s new North American safety standard, UL 9741, the Standard for Bidirectional Electric Vehicle (EV) Charging System Equipment — allows vehicle batteries to be fully charged while returning any excess energy to the electric grid.
Connected to Virtual Peaker’s cloud-based Distributed Energy Resource Management System (DERMS) application, this two-way system delivers energy to the EV at the least-expensive time of the day. It also makes it possible to return power stored in the vehicle to the electric grid during more expensive peak demand times, thus balancing the grid and conserving natural resources.
“The new relationship with Fermata Energy gives Virtual Peaker an early entry into the V2G market, which we expect will experience explosive growth in the coming years as more Americans understand the value of preserving renewable energy sources and reducing our dependence on fossil fuels,” said William (Bill) Burke, founder and CEO of Virtual Peaker. “We’re very excited to introduce V2G technology — and especially the Fermata Energy team — to our utility partners.”
“Fermata Energy’s turnkey system accelerates the transition to a clean-energy economy, creating abundant power storage that can be deployed quickly and at scale,” said David Slutzky, founder and CEO of Fermata Energy. “The partnership with Virtual Peaker demonstrates an exciting solution to two of today’s major challenges: how to further integrate clean, renewable energy, and the rapid adoption of clean transportation.”
About Virtual Peaker
Virtual Peaker is a cloud-based energy management platform that is helping utilities build the grid of the future. Using the internet-of-things, Virtual Peaker connects to any in-home smart device to allow utilities to run residential demand response programs, develop new revenue streams, and exceed their customer engagement goals. Virtual Peaker is based in Louisville, Kentucky.
About Fermata Energy
Fermata Energy’s turnkey V2X system empowers electric vehicle (EV) owners to make money while their cars are parked. Fermata Energy makes it possible for electric vehicles to combat climate change, increase energy resilience, and reduce energy costs.