A multi-billion-pound shakeout is dramatically increasing competition amongst energy, automotive and technology companies as they battle to lead the transition from hydrocarbons to a low carbon world.
At the heart of this battle is the shift to electric vehicles. A new clean-energy technology company is launched today to build the underlying applications which harness the potential of electric vehicles to become a central cog of our energy infrastructure. For more information see the IDTechEx report on electric vehicles.
Among many capabilities, a priority service of EV8 technologies is to enable consumers and businesses to store and sell electricity by using their electric vehicles as a battery.
EV8 technologies is a joint venture between global management consultancy A.T. Kearney, low-carbon technology not-for-profit group Cenex and Brixworth Technology, a boutique development house which specialises in asset and software solutions.
EV8 technologies is working with major automotive manufacturers, car leasing companies, airports, councils and industry bodies to unlock the business models of the future.
The launch of EV8 technologies comes as the clean energy automotive race is accelerating. UK Prime Minister Theresa May announced on 21 May the Government's intention to position the UK at the forefront of the zero-emissions vehicle market as part of its Industrial Strategy.
Tom Harper, CEO of EV8 technologies, commented,
"The government and private sector have made great progress in breaking the UK's dependence on hydrocarbons and increasing renewable energy generation over the last decade. However, there is still a long way to go. The battery storage of electric vehicles is the silver bullet to accelerating the transition to clean energy. Car batteries are a vital asset - it is irresponsible to waste such a crucial resource as we transition to a cleaner world. In addition, it would help consumers and businesses generate revenues usually reserved for utilities. EV8 technologies' cutting edge digital platforms gives consumers and businesses the opportunity to use their car as a battery, adapt when they charge in a more cost-effective manner and even sell power back to the grid, built around their schedule. For example, a car could earn up £1,500 per year for their owners while parked at the airport during the family holiday, at the supermarket while they do their shopping or even at a depot when deliveries are finished for the day."
Robert Evans, CEO at Cenex, added, "We are entering a very exciting period of transport and energy sector transition driven by the electrification of road transport. Cenex is proud to be a founding partner of EV8 technologies as the company to fast track market transformation through leveraging electric vehicle-related know-how combined with big data. This new venture will ensure that the knowledge we have developed through our research can be effectively and agilely applied at scale and across global markets."
Cross-sector partnerships to shape the energy future
Emily Gravestock, Head of Applications Strategy at the UK Space Agency, said, "Space technology has a significant role to play in the global shift to clean growth, from helping us find the best sites for renewable technologies to providing energy-saving applications to consumers. The UK Space Agency has invested £2.5 million in EV8 technologies because this exciting, innovative company is harnessing satellite data in its efforts to accelerate the uptake of electric vehicles, which is a key part of the Government's Industrial Strategy."
Major car manufacturers see the exceptional benefits
Jørgen Pluym, Project Leader, Electrification & Home Energy Management, Honda Motor Europe Ltd said, "Based on the latest vehicle-to-grid technology electric vehicles are no longer a threat but rather an opportunity to secure a stable energy supply. The electrification of transport impacts several sectors such as automotive, oil and energy. New business opportunities will be unlocked through cross-sector collaboration."
An opportunity for the UK to lead the energy transition
Richard Forrest, Chairman of EV8 technologies and Global Energy Sector Lead Partner at A.T. Kearney, believes that the UK has an opportunity to lead the creation on new energy of energy business models solutions to benefit the consumer and business, whilst accelerating the energy transition: "As home to multi-national energy companies and one of the most innovative power markets, the UK is an ideal hub to explore low carbon energy opportunities. For the companies trying to participate in the transition by harnessing the value of energy storage, the focus so far has often been on the latest technological kit, rather than the architecture focussed on delivering new benefits for the consumer. The company that enables the market to harness the power of electric vehicles, while providing simplicity and convenience to the consumer will win this multi-billion-pound race."
Tom Nutt - Grayling UK
Tel: +44 7775 686 706
About EV8 technologies
EV8 technologies is a pioneering company building innovative and disruptive solutions to lead and accelerate the global energy transition. Based in London, the firm offers consumers and businesses the opportunity to produce, store and sell electricity at the edge of the power grid by harnessing the energy storage capabilities of their electric vehicles. The firm works with energy companies, major automotive manufacturers, car leasing companies, airports, councils and industry bodies. EV8 technologies is a joint venture between global management consultancy A.T. Kearney, low-carbon technology not-for-profit group Cenex and Brixworth Technology. To learn more, visit ev8-tech.com
About A.T. Kearney
A.T. Kearney is a leading global management consulting firm with offices in more than 40 countries. Since 1926, we have been trusted advisors to the world's foremost organizations. A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. For more information, visit www.atkearney.com .
Cenex, the UK's first Centre of Excellence for Low Carbon and Fuel Cell technologies, operates as an independent not-for-profit consultancy and research organisation. It specialises in the delivery of projects which support innovation and market development to accelerate the shift to a low emission economy. By encouraging the early market adoption of low emission and fuel cell technologies in automotive applications, Cenex aims to assist the UK automotive supply chain with competing in global markets, as well as showcasing UK expertise to encourage inward investment. Cenex has an established track record of delivering multi-year programmes and shorter-term projects associated with low carbon vehicles and infrastructure, working with a range of public and private sector clients. For more information visit www.cenex.co.uk
About Brixworth Technologies
Brixworth Technology is a technology company specialising in connected software and hardware design, providing full end-to-end communications channels and scalable cloud platforms for data storage, processing, and dissemination.
The founders of the business carry a wealth of software and hardware know-how gathered from many years of industrial experience in telematics and the petrochemical process control industries. For more information visit www.brixworthtechnology.com
About Honda UK
Honda (UK) is a wholly-owned subsidiary of Honda (Japan). One of the top 20 brands in the world, Honda manufacturers a broad product range encompassing cars, motorcycles, power products (including marine, energy, lawn and garden and ATV) and aviation and was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, in 1986.
Honda has been the world's largest motorcycle manufacturer since 1959, as well as the world's largest manufacturer of internal combustion engines measured by volume, producing more than 14 million internal combustion engines each year. For more information visit hondanews.eu/gb/en
About UK Space Agency
The UK Space Agency leads the UK's efforts to explore and benefit from space, with responsibility for all strategic decisions on the UK civil space programme. It ensures Government investments in space science and technology deliver significant value to the UK economy and people's lives. As set out in the Industrial Strategy, the UK Space Agency works with industry to develop new technologies, infrastructure and services, and to ensure the UK thrives in the commercial space age.
The UK Space Agency:
supports the work of the UK space sector at home and abroad, maximising its benefit to the UK's growing economy
Invests in science and exploration to increase our understanding of the universe and deliver practical benefits such as new technologies to life on Earth.
inspires the next generation of UK scientists and engineers.
Provides a safe and supportive regulatory environment for the launch and operation of UK spacecraft, launch operators and UK spaceports.
Promotes global co-operation in space, through the UK's membership of the European Space Agency and international partnerships.
The UK Space Agency is an executive agency, sponsored by the Department for Business, Energy & Industrial Strategy. For more information www.gov.uk/government/organisations/uk-space-agency]www.gov.uk/government/organisations/uk-space-agency
Source: EV8 Technologies