Leap, a virtual power plant (VPP) platform, and SWTCH Energy, a company providing electric vehicle (EV) charging solutions for multi-tenant buildings across North America, are partnering to deploy VPPs across New York and Massachusetts.
Through Leap’s automated, software-only solution, SWTCH will integrate its EV charging network into new demand response and other grid services revenue streams.
VPPs help to offset rising electricity costs by lowering carbon emissions and improving local grid reliability. Leveraging SWTCH’s customer network, which includes multifamily and commercial buildings, the partnership will extend these benefits to a wider array of energy consumers.
“In collaboration with Leap, we’re tapping into the incredible potential of multi-tenant EV chargers to serve as paid flexible resources for the grid,” said Samuel Bordenave, CFO at SWTCH. “Our new Leap-powered VPP offerings advance our commitment to providing affordable charging for tenants and helping our real estate customers maximize the value of their EV infrastructure.”
Leap has experienced tremendous growth over the past few years, fuelled by the proliferation of EVs and other distributed energy resources across the country. Earlier this year, Leap announced new platform upgrades that leverage automation to empower technology companies to grow their VPP customer revenue three times faster.
SWTCH recently announced $27.2M in Series B Funding to scale its charger deployments across North America and advance its EV charging solutions, including SWTCH Control.
Filed Under: Charging, Technology News