Industrial Automation Magazine India

Hygge Energy offering EV charging platform linked to carbon credits

Published on : Saturday 31-12-2022

Implements EV charging project, Zero Emission Electric Mobility with Indian Oil Corporation

 New Delhi: December 30, 2022: Canadian cleantech major Hygge Energys software platform to unlock the monetary potential of renewable energy has been successfully implemented at an EV charging pilot project, aptly titled Zero Emission Electric Mobility, with global energy giant Indian Oil Corporation Limited at the latters retail outlet (RO). IndianOil is keen on expanding Hygge Energys program to other such sites where EV charging can be supported by existing rooftop solar installations at these ROs for providing a zero-emission e-mobility experience to EV drivers and making the EV charging business profitable.

 IndianOil has already taken a lead in promoting rooftop solar, and, through Zero Emission Electric Mobility, they have found an efficient way to aggressively promote EV charging throughout their 56,000-strong RO network. They will spread awareness throughout their dealer network about Hygge Energys EV charging platform, and the benefits associated with it. In the context of this project, Hygge Energys platform is used to maximise usage of renewable energy for the purpose of EV charging, making it a profitable business for EV charging operators. The solution is supported by an immersive, end-to-end EV charging app that facilitates the entire EV charging experience.

 The system was designed with three important objectives in mind: EVs are charged using solar power; no upgrades are required in grid infrastructure as the EV charging load is taken off-grid, hence avoiding high costs and delays associated with the process; and grid resiliency improves as the system has demonstrated 80% reduction in grid load dependency for RO operation. The success of the pilot project in 2020 provided IndianOil with enough data points to expand this solution across the country. This is a unique solution as it leverages IndianOils existing investment made in installing 5.5 MW of solar PV capacity at their retail outlets. It also opens up access to a USD 15 billion carbon credit market.

 Talking on the subject, Mr Vigyan Kumar, Executive Director (Retail Sales), IndianOil, said, As part of IndianOils foray into alternative energy, we have already set up 54 battery charging / swapping stations for electric vehicles in partnership with various companies. Given the challenges of grid capacity and reliability amid the uncertainty of EV adoption, we are committed to finding an integrated solution to ensure green power for EV charging at our fuel stations. This innovative solution developed by Hygge Energy has demonstrated feasibility to address these issues. We will conduct pilot studies at more fuel stations across Bangalore. This solution is unique as it leverages the existing investment made by us in solarising our fuel stations and gives us a good basis to roll-out our EV charging initiative, he added.

 Mr Prateek Saxena, CEO of Hygge Energy, said, We have achieved fantastic results from the IndianOil project, and found that Hygges solution can slash the payback period of rooftop solar by as much as 80% and drastically reduce electricity bills as well. We are committed to scale it and work with other EV charging service providers and DISCOMs. Now, in the next phase of the project, we are going to demonstrate how renewable energy-based EV charging can bring additional cash to large corporates like IndianOil in terms of carbon credits through our patented technology; each EV charging station could potentially generate Rs. 5 to 10 lakhs annually through our carbon trading system – this amounts to an additional Rs. 1000 crore in revenue from carbon credits for IndianOils proposed 10,000-strong network of EV charging stations.