What does the ‘right’ provision of EV charging infrastructure look like? Whether funding investment, operating the tech or rolling out EV charging strategies, StratEV® delivers an evidence-based solution.
The nature of this fast-emerging market has meant that until now, decisions that may be worth £millions have been made without real insights, leading to unnecessary risk and expense.
To address this evidence gap, we have developed StratEV®.
StratEV® is the only modelling tool of its kind and works by drawing together data regarding usage, power demand and revenue, enabling EV charging developers to provide the most efficient solutions in terms of reducing cost and maximising future utilisation.
From single sites to global portfolios, StratEV® considers granular detail that can be modelled for sites of any scale. It provides the key metrics needed within the business cases of charging providers, energy companies, asset managers and investors.
For other specific use cases, try StratEV® for:
StratEV® is helping our clients to:
- Determine how many chargers are needed, where, and when – managing investment in line with predicted use over time
- Predict day-one and future charging usage as EV uptake evolves
- Assess power consumption and consequential availability
- Optimise energy usage alongside other on-site demand, including suggestions for co-located energy generation / storage
- Review revenue scenarios and ROI
- Evidence proposed levels of provision (considering local policy requirements)
- Future proof car-parking (on- and off-street)
- Step away from crude prediction techniques
Avoid over-specifying and over-spending
Unlike basic approaches to specifying power connections for charging infrastructure, StratEV® combines electrical engineering inputs with Hydrock’s transport modelling expertise, providing a critical grain of detail regarding where EV charging users originate, their destinations, fleet composition and likely level of charge on arrival/departure. These details are fundamental to the optimisation of EV charging provision, avoidance of abortive costs as EV infrastructure rolls-out internationally, and cannot be provided using other methods.
We also model the distribution of vehicle charging speeds in the area, enabling us to predict the power draw on the local grid during the busiest periods. Predicting this can identify where curtailment will occur (a reduction in charging speed during the busiest periods), and whether smart energy solutions (on- or off-site) could reduce the draw on the local power network.
Whether you are a private investor, asset owner or real estate manager, EV charging infrastructure represents major investment.
Hydrock’s StratEV® modelling tool gives investors, real estate managers and asset owners an unparalleled insight into how best to introduce EV charge points, generating income, avoiding unnecessary costs and boosting the green credentials of your real estate portfolio.
The breadth and accuracy of our data analysis means StratEV® is the only model of its type in the industry.
The right EV charging strategy can make or break EV uptake in your area.
Local authorities are facing a complex issue: diminishing car use is a positive step towards decarbonisation, yet reduced demand for car parks - through Covid, increased online shopping/reduced patronage locally, increased use of sustainable transport, and other factors - has impacted a key revenue stream for local authorities.
In order to support the adoption of EVs, adequate provision of EV charging infrastructure is critical.
We are advising local authorities on how the right EV charging strategy can both encourage EV uptake (realising net zero ambitions), and perform as an effective income stream, protecting and future-proofing council parking assets against local competition.
We are working with charge point operators to identify the best implementation strategy for EV charge points across any number of sites.
Part of our offering is to identify the optimum volume and type (diversity) of chargers to maximise revenue, accounting for (but not limited to), current and future changes in demand; end-user behaviour including dwell time; and anticipated charge state on arrival/departure.
Through detailed modelling using StratEV® we are assisting charge point operators to specify appropriately to ensure there is charging diversity according to the needs and behaviours of EVs using the site(s) in question - now, and for future years up to 2050. Acting on your behalf we are able to make data-led recommendations to suit the needs of the end-user.