August 27, 2021
Axios: The other job for batteries in boosting the electric vehicle market
The electric mobility company Revel is installing battery storage at a New York City charging hub in a partnership that represents a growing and evolving trend in the industry.
Driving the news: Revel is adding storage from the firm Electric Era to help power its large charging “superhub” in Brooklyn that offers public access and charging for Revel’s ride-hailing vehicles.
Why it matters: Co-locating charging with storage improves the economics of the industry by helping to lower “demand charges” that commercial power users pay utilities based on their maximum use.
