Geotab drives electrification forward with launch of Geotab Energy
Published on January 7, 2021
Company arms utilities and electric vehicle owners with advanced electricity demand management solutions, helping them overcome charging challenges
Toronto, ON – January 7, 2021 - With a commitment to sustainability, Geotab, a global leader in IoT and connected transportation, today unveiled Geotab Energy. Focused on the electric utility and electricity demand management market, Geotab Energy helps to bridge sustainable transportation with sustainable energy by offering products and services designed to support the adoption of electric vehicles (EVs) with electrical grid infrastructure. By helping utilities understand, plan for and manage the integration of EV charging with the grid, Geotab’s new business unit helps ensure that EV owners can be supported by the key infrastructure that provides consumers with electricity at home, work and within their communities in the most efficient manner possible.
“Simultaneously supporting the charging needs of EV drivers as well as the grid reliability needs of their respective utilities, is a key factor for EV adoption to thrive, and an area we’ve made a strategic decision to support,” said Eric Mallia, Vice President, Geotab Energy. “As with other Geotab solutions, we believe EV charging should be flexible, reliable and affordable — consumers should have the ability to charge their vehicles whether at home, work or elsewhere, without enduring unsustainable increases to electricity rates. By providing innovative solutions for both utility companies and EV owners to harmonize EV charging with cleaner and more cost-effective electricity generation, Geotab Energy takes a multi-stakeholder approach that will help move the needle toward a more sustainable future.”
With growing EV adoption, utilities are facing increased energy demand to support the volume of EVs charging simultaneously — many of them being charged when returning home from work in the early evening system-peak time. Unmanaged vehicle charging load can negatively impact the electric grid, overwhelming infrastructure and requiring costly upgrades and repairs. Geotab Energy helps provide an accurate understanding of the impact of EV charging loads across a service territory by processing data directly from a vehicle’s internal systems and making it available via its SmartCharge Rewards® web platform. SmartCharge Rewards helps electric utilities navigate and reduce the impact of EV charging on the grid, and helps to equip them with relevant EV-specific data to support new programs and possible infrastructure changes.
Geotab Energy’s SmartCharge Rewards platform can also support utilities in identifying optimal charging times and then encouraging EV owners to charge during those times by providing customers with incentive-based rewards. Additionally, EV owners may benefit by gaining access to information about their EVs, such as insights into their driving efficiency as well as vehicle battery health and more.
“Studies have shown that the majority of people buying EVs are motivated by doing the right thing to reduce harmful impacts on the environment. What they don’t always consider is that their charging behavior also leaves a footprint and can be optimized by mindful charging practices,” added Mallia. “Geotab Energy is a key driver in ensuring that consumers and utilities are able to confidently move forward with EV adoption, knowing that they are playing their part in helping advance a carbon-neutral footprint.”
Geotab Energy complements Geotab EV (a Geotab division), which specializes in providing telematics for plug-in hybrid and electric vehicles (EVs). Geotab EV currently aggregates and manages electric load data from more than 100 EV makes and models, and all EV charging methods.
Geotab Energy is first launching in North America, with plans for future expansion. In addition, while Geotab Energy is first focused on helping utilities support EV owners, the company expects that as fleets become more electrified, the solution will also empower businesses operators to make smart decisions that can help to optimize operations on every level.
For more information on Geotab Energy, visit: geotab.com/energy/.
Media Contact
Hanna Corrente
Manager, Strategic Communications & Public Affairs
pr@geotab.com
About Geotab
Geotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers (including Fortune 500 and public sector organisations) to transform their fleets and operations. We connect to over 4 million vehicles and process more than 75 billion data points a day so that customers can make better decisions, increase productivity, have safer fleets and achieve their sustainability goals. Geotab’s open platform and Marketplace offer hundreds of third-party solution options. Backed by a team of industry-leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving today’s challenges for tomorrow’s world. To learn more, visit www.geotab.com/au, follow @GEOTAB on X and LinkedIn or visit the Geotab Blog.
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