EverCharge and PassKey partner to develop BESS electric vehicle charging stations

EverCharge, a subsidiary of South Korea's SK Group, and PassKey are collaborating on a battery energy storage system (BESS) to complement the latter's electric vehicle charging stations. The electric vehicle charging stations are said to be able to achieve large-scale electric vehicle charging by managing and controlling power loads, analyzing electric vehicle charging patterns, and intelligently allocating available power according to the needs of individual vehicles through the patented load balancing software SmartPower.

The new BESS developed by Passkey and EverCharge will be used to consolidate power during off-peak hours and deploy energy during high-demand periods via electric vehicle charging stations. The two companies said that by combining EV charging with battery storage to smooth demand peaks, stations can benefit from lower operating costs and additional energy resilience .

“Over the past decade, EverCharge has been focused on developing innovative solutions to address the complex challenges facing the electric vehicle industry, and our partnership with PassKey allows us to accelerate that goal and turn it into a shared mission,” said Jason Appelbaum, CEO of EverCharge.

He added: “We recognize that for some of our customers there is no one-size-fits-all solution for how to install a scalable EV charging system, and our team is excited to continue working with Passkey to develop battery systems that meet the unique needs of our partners.”

As the U.S. arm of SK Group’s Sustainable Energy Solutions business, PassKeys’ mission is to accelerate the clean energy transition to net zero while providing affordable, convenient, and reliable electricity services to North American customers. SK Group acquired EverCharge in March 2022.

Passkey plans to integrate innovative business models and technologies to address customers' lack of adequate power and grid stability using electric vehicle charging, energy storage, artificial intelligence and renewable electricity. It owns and operates a large number of energy storage assets at multiple locations for a variety of applications, from peak load shaving and demand response to electric vehicle charging.

“Passkey was founded to identify companies leading the next generation of cutting-edge sustainable technology initiatives,” said Junyu Zheng, CEO of Passkey. “Our collaboration with EverCharge accelerates electric vehicle adoption by providing scalable, affordable, and fully managed charging solutions. We look forward to expanding our partnership and continuing to develop innovative solutions that will create new jobs and economic opportunities for local communities, solve global problems, and ultimately build a clean energy future in the United States and beyond.”

Earlier this year, EverCharge and Passkey announced a partnership with Avis Budget Group, a leading global transportation solutions provider, to launch a large number of electric vehicle charging stations at George Bush Intercontinental Airport (IAH) in Houston, Texas. The IAH collaboration is intended to serve as a model for scalable fleet electrification planning at airports across the United States, and the two companies intend to expand this partnership to additional airports in 2023 and beyond.

(Source: EverCharge/PassKey Global Energy Storage Network, New Energy Network Comprehensive)