Circle K upgrades grid services for EV fast chargers
The retailer will deploy a variety of grid services including frequency regulation at 50 locations in the U.S. and stationary storage sites in Europe.
Circle K will upgrade its power grid services, including frequency regulation, for electric vehicle fast chargers.
The retailer will upgrade services at 50 of its U.S. locations as well as deploy three to five stationary storage sites in Norway and Denmark. To achieve this task, the company partnered with Nuvve Holding Corp. with both parties expecting to generate grid services revenues in 2023.
Nuvve's ability to provide grid services will allow Circle K to monetize its EV charging assets through market participation, helping system operators Statnett in Norway and Energinet in Denmark keep electricity supply and demand in balance at all times. The partnership is expected to expand across the brand's Nordic high-speed charging network and potentially additional markets around the world.
"Enabling fast frequency response on our charging network paves the way for increased renewable share on the power grid as well as increased resilience of the grid itself. For us the collaboration with Nuvve addresses key challenges with a rapidly expanding network of chargers," said Håkon Stiksrud, Head of Global E-mobility at Circle K.
Circle K has more than 430 branded DC chargers across Norway as well as more than 130 in Denmark. Using fast chargers for frequency regulation opens a new method to balance energy generation and consumption. This is increasingly important as more intermittent renewable electricity sources, such as wind and solar, come online.
We’ve recently covered microgrids as a reliable solution for managing energy generation and consumption on our Sustainability & Decarbonization Special.
