New tech firm formed by automakers to help manage flow of data, energy between EVs and power grid.
19 Sep 2024 | 2698 Views | By Autocar Pro News Desk
BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
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BMW, Ford and Honda have begun operations of the new joint venture that they announced last year and have appointed the first CEO and CTO. ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging.
The announcement underscores that automakers remain committed to EVs – including plug-in hybrids – and are focused on reducing the total cost of ownership for their customers.
ChargeScape's technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G), the press release noted.
Following the official launch of the joint venture, BMW, Ford and Honda announced the appointment of ChargeScape's first CEO, Joseph Vellone.
Bringing 15 years of experience in the energy and climate sectors, Vellone was most recently part of the founding team at software start-up ev.energy, where he launched and grew the company's North America business to include over a dozen utilities and 150,000 EVs.
Before joining ev.energy, Vellone worked as a management consultant at the Boston Consulting Group (BCG), where he was part of the firm's energy and environment practice.
Newly appointed ChargeScape Chief Technology Officer (CTO) Kalidindi Raju has over 15 years of experience leading high-performing technology organizations and is a recognized leader in cloud architecture, artificial intelligence, machine learning, analytics, data engineering and product development. He previously held senior leadership positions at Amazon, OATI and other technology companies.