Decreasing Transactional EV Charging Costs and Enhancing Grid Efficiency

Lead Proponent

SWTCH Energy Inc.

Project Objectives

The objective of this project is to address barriers to electric vehicle (EV) adoption by demonstrating a blockchain-based EV charging management platform that will significantly reduce the cost of EV charging transactions and enhance grid efficiency.

This will be accomplished through integration with transactive energy (TE) networks (energy saving) that leverage EVs as distributed energy resource (DER) assets using vehicle-to-grid (V2G) bi-directional charging and blockchain technologies.

Expected Results

The transportation sector accounts for 25% of Canada’s greenhouse gas (GHG) emissions. The increased adoption of EVs is key to decarbonizing our transportation sector and transitioning to a low-carbon future. By demonstrating an efficient and scalable blockchain-based platform to reduce transactional costs, enhance grid efficiency, reduce network congestion, and shift demand, the proposed platform offers a unique value proposition to EV drivers, charging service providers, and utilities that would contribute to an increased uptake of EVs.