Utilities should prepare for energy transition being caused by batteries and EVs
With an increasing use of electric vehicles (EVs) and battery storage systems at home in the recent times leading to creation of new energy business models, it is pertinent for Canadian utility companies to adapt to the ongoing energy transitions. If utilities do not keep pace with the disruptions within the energy industry from batteries and EVs, they are likely to be left behind.
The key pointer of changes within the energy industry is the rise in the popularity of EVs, especially since batteries are becoming more affordable. Moreover, the convenience of battery and charging technology, along with the rise in gas prices and a lower price-tag of EVs, are also changing the energy industry.
Canadian utilities should study the worldwide scenario, and should be aware of the fact that the energy and utility industry are bound to be hugely affected by battery technology, which is already disrupting transportation.
Since the future of energy management is expected to be led by businesses that own batteries and the charging infrastructure, Canadian utility executives should ensure that utility companies are poised to play a proactive part in developing the infrastructure of the future, or else utility companies will simply have to react to the energy-industry disruptions.
With utility companies already well-positioned to be part of innovative and positive solutions, it is important that the government and regulators should play a guiding role in making energy transition easier for utilities.
China is major market for electric automobiles and majority of automobile companies have planned vehicles launches for Chinese market.
German automaker BMW is developing different battery cells specific to the height of the electric vehicles (EVs) it plans to manufacture in the near future.
According to a memo reportedly sent by Hyundai to its dealers, the availability of the automaker’s Ioniq Electric -- an all-electric version of the Ioniq -- is low, because of a ‘global battery shortage.’ The Hyundai Ioniq Electric is considered t
In a recent announcement, German automaker Mercedes-Benz -- along with Smart and other group companies -- has revealed that it will source batteries for its electric cars from China.
In a Tuesday announcement, German automaker Audi has revealed that it is targeting the sale of approximately 800,000 battery-electric and hybrid-powered cars in 2025.
With an increasing use of electric vehicles (EVs) and battery storage systems at home in the recent times leading to creation of new energy business models, it is pertinent for Canadian utility companies to adapt to the ongoing energy transitions.