FreeWire’s Boost Charger reduces electric vehicle charging costs by reducing installation overheads and daily running costs.
FreeWire Technologies, a maker and supplier of electric cars (EV) charging and also power services, said on Tuesday that an independent research study conducted by the Electric Power Study Institute (EPRI) verified the functionality and also economic advantages of its next-generation EV charging item, Boost Charger.
In November 2020, EPRI carried out a laboratory evaluation of Boost Charger to verify FreeWire’s 2 primary stated financial benefits over conventional DC fast chargers:
- Lower expense of setup because of lowered framework needs;
- Lower expense of operation due to peak-shaving and also tons changing capacities
A recent research study carried out as part of EPRI’s Incubatenergy Labs Challenge, the FreeWire Boost Charger makes it possible for ultra-quick charging while just needing reduced voltage input, conserving tens of thousands on setup expenses and an estimated $30,000 a year on energy costs and supply charges.
The solitary biggest difficulty to scaling ultra-quick charging is the framework limitations– exceptionally high power is needed for rapid charging at range, however enhancing the electric grid in position where car drivers will need to charge is considered too expensive and complicated.
Arcady Sosinov, creator as well as CEO of FreeWire said that “We have developed a novel solution with Boost Charger that addresses these barriers by delivering high power everywhere without expensive and burdensome grid upgrades”
EPRI currently approximates a yearly $29,180 power price financial savings to the website host over the life of the system in addition to minimized installment prices. These outcomes validate that Boost Charger enables energies and site hosts to quickly, and also cost-effectively release fast chargers to fulfill expanding EV need.
“EPRI’s report verifies that our innovation functions as developed, conserving our customers tens of countless dollars annually, while lowering barriers of fostering to make it possible for fast expansion of crucial charging facilities to drive EV development,” Sosinov said.
The full report can obtained on request at [email protected]
FreeWire’s Boost Charger is a powerful battery-integrated electric lorry battery charger that provides high power while dramatically lowering need costs. Easy to get in touch with existing facilities, it can be set up without pricey construction or extensive permitting. Boost Charger enables ultrafast charging utilizing the very same framework as Level 2 chargers at up to a 40% lower price of setup versus various other rapid battery chargers. With its integrated storage and also ultrafast charging speeds, Boost Charger awaits present and also next generation EVs.
FreeWire has actually deployed over 200 battery-integrated battery chargers with Fortune 100 business, commercial clients, fleets, retail locations, as well as filling station. In December 2020, FreeWire and also BP Pulse, one of the UK’s leading service providers of EV charging solutions, announced an exclusive MOU for BP Pulse to deploy Boost Charger in its operations throughout the UK. FreeWire as well as AMPM, a BP subsidiary and also convenience store chain with over 1,000 forecourts,, have currently released numerous public vehicle charging stations across the U.S
In January 2021, FreeWire introduced a $50 million Series C financing round. This was conducted by Riverstone Holdings, with involvement from current investors Energy Innovation Capital, BP Endeavors, and Blue Bear Capital among others. This funding will Should now make it possible for FreeWire to accelerate its international market growth of the ‘Boost Charger’ as well as broaden and step up production capability to satisfy and meet the current extraordinary client demand that exists.
FreeWire Technologies brings together beautiful design with convenient solutions in order to help electrify industries that were dependent on traditional fossil fuels. FreeWire’s turnkey solutions are designed to reduce costs, increase productivity, and improve the environment.
Image Credit:FreeWire’s Boost Charger
More details: Freewire