Mobility-Driven Energy Optimization II: Benefits for Mobility & Energy Providers
Ubiq’s EV charging solutions facilitate a circular economy between the mobility and energy industries.
Sustainability calls for the creation of circular economies, and Ubiq is uniquely positioned to facilitate a more circular relationship between the mobility and energy industries. This is what we are calling mobility-driven energy optimization.
Ways to Meet Challenges
With CIAO (Charging Infrastructure Optimization), Ubiq combines various internal solutions to bring benefits to fleet providers but also to charging point operators (CPOs). How? We are able to redirect charging sessions of EV fleets from more popular to less popular charging stations and monitor the impact on the infrastructure. As a result this creates:
An increase in charging infrastructure utilization
An increase in shared mobility fleet profitability
A higher availability of charging points for other drivers
In addition, Ubiq’s predictive charging solution increases shared EV utilization rates by recommending vehicle-specific charging cycles. These are based on predicted demand and the nearest available charging infrastructure. In combination with StreetCrowd, our decentralized and crowdsourced service team, fleet operators can optimize and automate the charging operations of their electric vehicle fleet in real-time.
This allows us to:
Predict the demand for time slots of when to charge
Predict the demand to charge at the right location
Reduce failed charging session (such as, network blackouts, interruptions) by remote session restart
Saving on the Energy Side
The demand for electricity continues to increase due to decarbonization and electrification.
Renewable energy sources produce energy intermittently and the amount of energy produced at any given point in time is also variable. Both of those facts make controlling the supply of energy flowing into the grid complicated.
Mistakes in balancing supply and demand are extremely expensive. So if you can’t control the energy supply, you have to control the energy demand.
Ubiq helps energy providers by expediting or offsetting shared EV charging events in real time based on sustainable energy supply, shaving energy peaks or covering energy valleys. The benefit of this is shared between energy providers and shared fleet operators. A more balanced grid saves money and that money savings can be passed on to energy consumers like shared fleet operators via lower charging prices.
Shared Mobility Today
Fleet operators are missing out on anywhere from 50-70% of demand* due to fluctuating mobility demand by consumers and the off-set on the supply side. Couple this with the fact that cities weren’t designed for electric vehicles, and the pressure for financial sustainability becomes even greater. Challenges are:
Parking possibilities (rather designed for long-term parking of privately owned vehicles)
Parking regulations (increasing parking fees)
In addition, lack of charging infrastructure adds to the complex regulation landscape. In order to manage charging station supply, cities have started issuing fees or towing cars that have been parked at charging stations for too long (and too long might already be 3h+ in some European cities). It is a logistical nightmare for private EV owners and fleet operators. This also creates a very unattractive environment to own or operate a financially viable electric fleet, yet consumers, cities, and the planet are demanding we establish sustainable mobility options.
Two Way Solution
Ubiq increases the degree of operational efficiency for both shared EV fleets and energy providers by distributing shared EV fleet charging events across the entire public charging network. We ensure lower charging costs for shared fleet operators who are charging at less-utilized charging stations. Plus we ascertain an increase in revenue from greater energy consumption for energy providers as more heavily-utilized charging stations become more available for private EV owners to use.
Ubiq’s demand prediction technology and supply optimization platforms sit at the intersection of the mobility and energy industries. They solve two of the major pain points which both industries face, the need for more efficient electrification and use of shared assets.
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Ubiq is making sustainable mobility profitable by closing the gap between mobility supply and demand. Our technology uses millions of data points to predict demand for shared fleet operators and then recommends vehicle-specific tasks in order to drive more efficient fleet operations. In conjunction with our StreetCrowd™ API, we are able to offer shared fleet operators a crowd-based service team to carry out all recommended vehicle tasks - effectively automating the biggest pain points in the shared mobility industry. We are now serving around 14,000 vehicles across Europe, North and South America.
Interested in our mobility solutions? Get in touch!
*Based on Ubiq's data from 2021