Electric vehicle chargers will reduce range anxiety while encouraging adoption of zero-emission vehicles.
Peak Power received an investment of $765,000 per Natural Resources Canada (NRCan) ZEVIP (Zero Emission Vehicle Infrastructure Program) for the installation of 117 V1G chargers. The total cost of the project is estimated at over $1.6 million.
Peak Power will install the V1G chargers in several mixed-use developments in Ontario, Canada. peak power provides battery energy storage systems that use its software, Peak Synergy, which enables chargers to draw power from the grid when it is most widely available and avoid peak demand periods.
“I am pleased to announce the deployment of over 100 electric vehicle charging stations in Ontario with Peak Power,” said Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and Minister of Environment and Climate Change, and MP for Toronto-Danforth. “This $765,000 investment from the Government of Canada will allow residents of Toronto and across the province to access the infrastructure they need to drive an electric vehicle while fighting climate change. Happy #EVWeek!”
As part of ZEVIP, the project supports the federal government’s goals of accelerating the electrification of Canada’s transportation sector. The 117 chargers are expected to reduce “range anxiety” for EV drivers and encourage further EV adoption. One of the benefits of Peak Power’s software, the company reports, is that it allows network capacity to be increased without requiring major infrastructure upgrades.
“Limited access to electric vehicle charging infrastructure in high-density mixed-use environments remains a major barrier to widespread adoption of electric vehicles,” said Carter Li, CEO of SWTCH. “SWTCH’s partnership with Peak Power and Signature Electric to deploy V1G technology in these environments will improve coordination between energy utilities, building operators and electric vehicle drivers to improve building energy efficiency. and access to electric vehicle charging infrastructure.”
“We are excited to support the Government of Canada’s electrification goals through smart electric vehicle charging,” said Matthew Sachs, Chief Operating Officer of Peak Power. “NRCan’s funding will allow us to give drivers more options for charging electric vehicles, while the smart nature of our Synergy technology in chargers means grid operators don’t have to worry about constraints of capacity when electric vehicles are connected to the network. ZEVIP is essential to greater electrification of the country’s infrastructure, and we are proud to support the initiative.
Canada has invested $1 billion since 2015 to make electric vehicles more affordable and chargers more accessible for Canadians. Not only will the funds increase the number of electric vehicle charging stations on Canada’s roads, but federal rebates of up to $5,000 will help encourage more residents to drive electric.
An additional $1.7 billion is provided in Budget 2022 to extend the government’s purchase incentive program until March 2025 and to expand the types of vehicle models eligible for the program, which would include more vans, trucks and SUVs. Natural Resources Canada also received an additional $400 million to extend ZEVIP through March 2027, complemented by $500 million that the Canada Infrastructure Bank will invest in large-scale recharging and refueling infrastructure for ZEV. All of this supports the government’s goal of adding 50,000 zero-emission vehicle (ZEV) charging stations to the Canadian network, and another step towards Canada’s goal of ensuring that all new vehicles passenger cars sold in Canada are zero emissions by 2035.
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