Blockchain’s Potential for Solar Powered EV Charging Stations
Electric Vehicles (EVs) are hailed as a silver bullet to reduce carbon emissions in smart cities. However, EV charging can destabilize the grid by spiking power demand. Evergo is a blockchain-based, plug-and-play backend system that addresses this challenge. It tracks energy trading and diversifies the energy mix for charging solutions. Evergo enables Machine-to-Machine communication between chargers, grid, and solar panels. It leverages on big data and analytics to provide smarter charging and load shifting.
A pilot is being trialed in Thailand to test the blockchain’s ability to gather data that indicates the energy supply-demand match. Through this market-specific pilot, the presentation discussed best practices to overcome the ‘pilot trap’ for clean energy technologies. Using a ground-up assessment of Evergo’s use cases, the session highlighted the importance of public-private collaboration to achieve speed to market in the region.