Xcel Energy | August 03, 2022
Xcel Energy announced a new transportation vision that drives toward providing the infrastructure and energy to run all vehicles in its service area on carbon-free electricity or other clean energy by 2050. Expanding upon the company’s existing 2030 electric vehicle (EV) vision supports its overall goal to become a net-zero energy provider by 2050. By enabling a zero-carbon transportation future, the company’s clean energy can also help customers save billions of dollars in fuel costs and deliver cleaner air for everyon
“Xcel Energy is making incredible progress and has already reduced power sector carbon emissions by 50% since 2005, As we expand our clean energy leadership to transportation, which is the largest emitter of greenhouse gases in the nation, we know that electric vehicles are a key component of our comprehensive strategy to be a net-zero energy provider by 2050.”
-Bob Frenzel, chairman, president, and CEO of Xcel Energy.
Xcel Energy’s zero-carbon transportation vision for 2050 includes:
Providing the fueling infrastructure and energy system to run all vehicles in its service area on carbon-free electricity or other clean energy.
Ensuring all customers can access affordable, convenient electric vehicle charging at or within one mile of their homes and that underserved communities have opportunities to participate in Xcel Energy programs and the economic development benefits associated with zero-carbon transportation.
Operating a zero-carbon Xcel Energy fleet.
Xcel Energy was the first in the industry to set ambitious greenhouse gas goals across all the ways its customers use energy: electricity, heating and transportation. The new vision complements the company’s interim goal of enabling one out of five vehicles in the areas it serves to be electric by 2030 which was announced in August of 2020. Under its 2050 vision, all vehicles would run on zero-carbon fuel, which may be electricity or other clean energy like carbon-free hydrogen for future fuel cell electric vehicles.
To avoid the most catastrophic effects of climate change, we must drastically reduce greenhouse gas emissions in the coming decades, said Jason Albritton, director, climate and energy policy, The Nature Conservancy. Meeting this challenge will require all companies to reduce emissions from their own operations and work collaboratively with governments, NGO partners, and customers to drive innovation and climate action. A carbon-free transportation sector is essential for meeting climate goals and will provide significant health benefits, particularly in urban areas. Today’s commitment from Xcel Energy is an important step and will hopefully serve as an example to businesses from all economic sectors while spurring additional state and federal policy action to address the climate crisis.
Xcel Energy’s goal for a zero-carbon transportation sector in their service territory by 2050 is the type of ambitious commitment needed to decarbonize one of the highest emitting sectors of the economy,” said Armond Cohen, President of Clean Air Task Force (CATF). “CATF looks forward to seeing concrete programs developed and implemented to achieve this goal—including further details on enabling an equitable transition and providing zero-carbon fuels like hydrogen for the transportation sector—and we hope to see other utilities pursuing similar commitments.
With Xcel Energy increasing the amount of renewable and carbon-free energy on its system, an electric vehicle powered with Xcel Energy electricity in 2021 was over 55% cleaner than a conventional gasoline-powered vehicle and is expected to be at least 80% cleaner by 2030, under its plans for reducing carbon emissions. Lower cost is another key benefit – charging an EV during off-peak rate periods currently costs the equivalent of about $1 per gallon of gasoline or less, saving customers $1 billion annually on fuel by 2030.
Xcel Energy has been a national leader in both decarbonizing its generation fleet and promoting forward-leaning policies on transportation electrification for the past several years, and now it is taking the conversation to a new level,” said Phil Jones, Executive Director, Alliance for Transportation Electrification (ATE). “In addition to its bold vision, Xcel Energy is also proposing specific and tangible programs in its States to accelerate progress now. The utility must play a key role in enabling this market transformation, engaging with its host sites and customers, and managing the charging data in a way that benefits both the customers and the overall electric grid. That is why ATE and I support this plan strongly and will work to bring these programs and tariffs to a tangible reality soon.
To help make its clean transportation vision a reality, Xcel Energy will continue expanding programs, including those that make charging EVs at home, at work and on the go convenient and affordable for all customers. Its transportation vision supports everyone in the communities it serves to experience the benefits of electric transportation, whether they own an EV, use public transit, or benefit from improved air quality. The 2030 interim goal also aligns with several state targets in its service areas, such as those of Colorado and Minnesota.
“Xcel Energy is embarking on a vision to place diversity, equity and inclusion at the center of this strategy and sets a path forward to provide access to clean transportation for all, We view this effort as a step towards a vision for a cleaner and greener transportation future benefitting all communities.”
-Terry Travis, managing partner of EVNoire.
Expanding electric vehicle programs and public charging
To help drive toward this clean transportation future, the company today filed proposals in Minnesota and Wisconsin for new and enhanced electric vehicle charging programs to make charging at home easy, fast and more affordable for all customers. The proposal also includes expanded solutions supporting public charging, businesses, multifamily buildings, community charging, transit and electric school buses.
The proposal would significantly increase the number of public EV charging stations in Minnesota and Wisconsin, making it easier for drivers to charge on the go, by adding about 750 high-speed charging stations across the two states, including up to about 1,500 charging ports total by 2026. This expansion positions the Upper Midwest as a national leader in accessible, affordable charging options, allowing Xcel Energy to work with interested communities and site hosts to locate charging stations in both urban and rural areas, particularly along interstates, state highways and other traffic corridors.
The proposal also enhances the successful EV Accelerate at Home program, which provides a turn-key option working with local electricians to install a home charger, in both states to better meet customers’ needs and expands programs and charger options to help businesses provide EV charging for employees, renters, fleet vehicles and the public.
These proposals are in addition to existing offers in some of Xcel Energy’s states that support the vision. In 2021, the company launched a record 14 new clean transportation programs in Colorado and Minnesota, and this year, rolled out a suite of new EV programs for customers in New Mexico. The new programs are in addition to those already offered to customers in Minnesota and Wisconsin.
In Minnesota, an electric school bus pilot is also proposed, as part of the company’s partnerships, research and innovation initiative. Through the school bus pilot, Xcel Energy will help address the significant upfront cost and operational challenges of transitioning to electric buses and better understand how these buses can most efficiently support and integrate into the electric grid, among other research objectives. Pending regulatory approval, the 32 buses will be used in a vehicle-to-grid demonstration project to help maximize the benefits of electric buses to schools and to the electric grid.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Growatt | June 02, 2022
Growatt recently announced the launch of its new website, www.growattportable.com, which went live on June 1st, 2020. Through this new website will they promote their new portable power station portfolio. It was unveiled at the beginning of April this year.
Lisa Zhang, global marketing director at Growatt, shared, "Growatt is committed to encouraging a smart energy life with sustainable green power. In the past, our solution was limited to providing energy on site, but we have developed a new portable power station line in the hope that green energy can be brought outdoors to offer all-scenario green energy solutions.The recently released Growatt Infinity 1500 has a 1554Wh capacity and a 2000W output and can cover 95% of outdoor and indoor appliances. It supports high-speed solar and AC wall charging and can be charged to 80% in just one hour, making it the perfect companion for outdoor activities and a reliable friend for home backup.”
Zhang further added, "By launching a new site, we can interact directly with our users and better communicate with the market. We believe this will facilitate us to continuously optimize our products and services. The launch of the new website echoes our promise to always set user experience as a top priority.”
The new website comes with a fresh visual that aligns with the expansion strategy of the company. In the future, Growatt plans to launch more products that will complete the entire portable power ecosystem. This will provide users the freedom with to use clean energy anytime, anywhere.
Octopus Energy | July 07, 2022
Renewable energy retailer Octopus Energy U.S. announced today the launch of Octopus Electric Vehicles (OEV), its new business line that will accelerate accessibility and adoption of EVs and smart charging. OEV’s inaugural product is EV Concierge, the first-ever integrated demand response EV leasing plan offered by an energy retailer. With EV Concierge, Octopus Energy will not only help customers lease an EV of their choice, but also seamlessly integrate smart charging and billing into their existing energy plan.New and existing customers living in Texas are invited to apply for the beta leasing program at octoev.us. The Octopus Concierge team will provide qualifying customers white glove service, helping soon-to-be EV drivers through the entire search and vehicle leasing process, including selection and delivery of a new or used EV of their choice, installation of an EV home charger and education on best practices for EV ownership.
“Interest in electric vehicles is at an all time high. With Texas as the third-largest market for EVs, and a global leader in energy, we will be positioned to help customers realize vehicle and energy savings all on one bill, As fossil fuel continues to be impacted by inflation, it's never made more sense to get an EV paired with smart charging to extract the lowest priced energy from the grid. EV Concierge will ensure that new EVs enter our state optimized to create a more reliable, clean and affordable energy system.”
-Chris George, Director of U.S. Octopus Electric Vehicles
Core to the EV Concierge program is Intelligent Octopus, which allows customers to access power when it is cheaper and greener, while helping to balance the overall stability of the grid. Intelligent Octopus is powered through Octopus Energy’s proprietary Kraken technology platform that uses advanced data and machine learning to automate a majority of the energy supply chain. Customers who lease an EV and use a smart thermostat with Intelligent Octopus will have the opportunity to take advantage of a new, discounted energy plan that is 20% to 30% lower than the average 12-month energy plan in Texas today. This reduced rate plan will launch this summer.
Initially launched in the UK in 2018, OEV has grown to offer an all-in-one service where Octopus leases the cars, installs home charge points, provides specialist EV energy tariffs, and offers access to over 250,000 public charge points across Europe via the Electric Juice Network. Its most popular product is EV Salary Sacrifice, which has allowed 1,500 UK businesses to switch their staff to electric vehicles with huge discounts of 30% and above.
“We’ve seen that consumers are looking for experts that can offer the full EV package to guide them through their journey, With more EV models entering the market every month, and innovative tariffs like Intelligent Octopus making charging your car as easy as your phone, we only expect the transition to accelerate. ”We’re thrilled to be able to open up our ultimate EV package to millions of new customers both in the UK and the U.S. Our roads are transforming and we plan to lead from the front, making it easy for drivers to make the switch.”
-Fiona Howarth, CEO of Octopus Electric Vehicles.
Increasingly, EVs are being designed to not only allow drivers to go from Point A to Point B, but to also be used as a mobile power plant. An EV can hold enough energy storage to power a home for two to three days, offering the ability to significantly power a home during an emergency and fuel critical infrastructure despite shocks to the energy system.
Michael Lee, CEO of Octopus Energy U.S., said, The modern retailer is here to support customers in ways beyond just selling electricity. This is especially true when it comes to emerging technologies, such as EVs, where energy retailers can maximize the value of the vehicle on the grid, including through vehicle-to-grid as this solution grows. Octopus Energy is here to accelerate the energy transition with integrated, innovative offerings that ultimately unlock lower costs and reliable power for our customers.
The launch of EV Concierge comes one year after Octopus Energy U.S. landed in Houston to provide affordable, renewable energy to Texas homes. Since then, its customer base has grown 10x while the team has launched programs, like Superpower Savings, to reward customers who conserve energy and balance the grid while demand is high. To sign up or learn more about OEV, visit octoev.us.
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 3.2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded six years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at nearly $5 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com.
About Octopus Electric Vehicles
Octopus Electric Vehicles, part of the Octopus Energy Group, was launched in 2018 to make it easy for drivers to make that switch to clean, electric transport. With over 65 electric cars now available from 28 different brands, Octopus Electric Vehicles’ team provides everything drivers need to take the road in a new EV. Offering an all-in-one service, Octopus lease the cars, install charge points, provide specialist EV energy tariffs, and offer access to over 250,000 public charge points across Europe via the Electric Juice Network. All with a 5* rating on Trustpilot. Octopus Electric Vehicles also specializes in salary sacrifice schemes - an employee benefit that makes driving a brand new electric car cheaper than the petrol or diesel equivalent through tax savings. Placing customer experience first, Octopus Electric Vehicles has designed the scheme to be simple for an employer to set up and run, and support them at every step. Drivers typically save 30% or more every month on the cost of their EV; and at zero-cost for an employer to set up, it’s great for their team, their hiring and retention, and for their sustainability goals.