Brightmerge is releasing an advanced version of its business performance platform for the sales, design, optimization, and operation of EV fleets. The new version features enhanced sensitivity analysis, improved techno-financial reporting options, automated carbon emissions calculations incorporated into its autonomous financial report generation, as well as improvements to the platform’s user interface.
With simple data input guiding the process, the Brightmerge platform automatically creates optimized EV fleet project designs with robust modelling and simulation capabilities.
The system supports users design fleet electrification programs, offering recommendations for vehicles, energy requirements, and microgrid deployment based on renewable energy sources and charging infrastructure needs. It also helps stakeholders overcome the most common pitfalls of EV transitions for electrified fleets with economic staying power — without compromising the reliability of operations.
“The transportation sector, responsible for nearly one-third of industrial greenhouse gas emissions, faces challenges in transitioning from internal combustion engines (ICE) to electric vehicles (EV),” said Daniel Schwab, founder and president of Brightmerge USA. “Lengthy decision-making processes, unreliable public EV charging infrastructure, volatile electricity markets, disconnected EV and energy system packaging, and non-profitable EV transition projects hinder the rapid progress needed to decarbonize global economies. As fleet owners work to make the ICE-to-EV transition, we’re equipping ecosystem players to make rapid and informed decisions to maximize project success.”
According to a recent report issued by BloombergNEF, commercial EV sales are expected to double in 2024 to approximately one million vehicles. While analysts predict a slowdown in overall global EV sales growth rate from 33% in 2023 to 21% in 2024, 2025 and 2026 are anticipated to be years of acceleration for the industry. This is thanks to advanced regulations and improvements in battery technology, which are expected to reduce the installtion costs of over four million public EV chargers, worldwide.
The enhanced sensitivity analysis of Brightmerge’s upgraded platform fine tunes the techno-financial reports generated by the system to ensure EV fleet projects are designed to achieve long-term profitability. The granular data on project costs and financial opportunities for each fleet arms financial decision-makers with the information needed to advance transition projects quickly and at a much lower cost.
Enhanced carbon emissions calculations included in the new version release will support fleet owners in their sustainability reporting. Automatically generated based on vehicle type, energy, battery requirements, and vehicle utilization data, fleet owners can understand the environmental impact of their EV fleet and plan for a successful transition that meets new regulatory requirement for decarbonization of transportation systems.
“We’re constantly fine-tuning our platform to enable fleet owners and operators to maximize their value capture from EV fleets,” said Aviram Hadash, CEO of Brightmerge Israel. “The transition can be complex, but we’ve designed a platform that makes it a simple process. There’s an opportunity cost in not making the transition to EV now. With significant grants, incentives, and tax breaks to consider, as well as regulation advancing full transportation electrification, delaying this transition may become more costly to stakeholders. Brightmerge can help companies can make this shift confidently and profitably without compromising service levels.”
Filed Under: Charging, Technology News