ChargeScape, a joint venture between BMW, Honda, Ford, and Nissan, has partnered with PSEG Long Island to enroll electric vehicles in the utility’s Peak Load Reduction program, a first in the nine-year history of the utility’s peak load reduction programs.
Designed to alleviate strain on the power grid during summer months, the initiative will leverage ChargeScape’s AI-powered technology platform and aims to intelligently integrate more than 4,000 BMW EV drivers and 2,200 Ford EV drivers into the power grid. Participating customers will receive financial incentives for helping to support grid stability and community resilience through optimized EV charging.
The Peak Load Reduction program integrates EVs into the power grid using ChargeScape’s proprietary software algorithm, EV AI. The software receives real-time data from PSEG Long Island to determine the optimal timing, duration, and intensity of EV charging for enrolled customers, ensuring that EV electricity demand does not exceed what the power grid can support at a certain time or location.
“We are excited to join forces with PSEG Long Island in this important initiative,” said Alexander Schleicher, Head of E-mobility at BMW of North America. “This program not only empowers our customers to play a vital role in energy conservation but also reinforces our commitment to sustainable mobility and community support.”
“Enabling our customers to enjoy the benefits from utilities’ electric vehicle charging programs is part of the core value of EV adoption and ownership,” said Dave McCreadie, Director, EV Grid Integration and Energy Services, Ford Motor Company. “Ford believes that ChargeScape will provide utilities like PSEG the best tool to help them manage their grid as EV adoption accelerates.”
“The Peak Load Reduction program is an excellent example of collaboration among automakers and power utilities to help keep the lights on while saving EV drivers money,” said Joseph Vellone, CEO of ChargeScape. “ChargeScape is thrilled to provide BMW and Ford customers in Long Island with the opportunity to reduce their charging costs and contribute to their community.”
“We are pleased that these automakers recognize the importance of the Peak Load Reduction program,” said Michael Voltz, PSEG Long Island’s Director of Energy Efficiency and Renewables. “The program not only saves for those that participate but also reduces the amount of overall energy being used, which reduces the amount of electricity needed to be purchased for the following summer period. That translates into future savings for all customers.”
