Fermata Energy designs and operates Vehicle-to-Everything (V2X) bidirectional charging technologies that integrate EVs with buildings and the grid, turning EVs into valuable storage assets that reduce energy costs, stabilize the grid, increase energy resilience, and combat climate change. Fermata Energy enables utilities to add more renewable energy to the grid more quickly, and Vehicle-to-Building (V2B) and Vehicle-to-Grid (V2G) revenue makes EVs more cost-effective. In short, Fermata Energy offers solutions to two major challenges we face today: the integration of clean, renewable energy, and the adoption of EVs.
A key enabling technology, one that distinguishes Fermata Energy from other V2X service providers, is its UL-certified bidirectional Direct Current (DC) V2X charger for light-duty vehicles, the first and only UL 9741 certified bidirectional charger in the world. The FE-15 15kW bidirectional charger uses a DC off-board power conversion topology as opposed to AC on-board used by several other V2X service providers, which presents significant challenges from grid interconnection, certification, and EV cost and design standpoints. Furthermore, Fermata Energy is the only fully vertically integrated V2X services provider in the industry that integrates proprietary cloud-based software, a UL-certified 15kW bidirectional DC charger, and full enterprise operations.
In addition to developing the hardware and software required to perform V2X activities, Fermata Energy has spent 10 years studying how V2X can unlock additional value streams from EVs, including those that are commercially viable today without regulatory intervention and how to best monetize these value streams. Fermata Energy has extensive experience with analyzing use cases, monetization mechanisms, and business models to maximize the benefits of V2X technologies. Our revenue model includes system sales and recurring sources of income.
Fermata Energy’s V2X solutions integrate not only proprietary hardware and software, but also a network of strategic partnerships. In November 2018, Nissan North America announced it had selected Fermata Energy for a major V2B pilot project at its North American Headquarters. In 2019, TEPCO Ventures, the investment arm of Tokyo Electric Power Company Holdings, Inc., made a $2.5M strategic investment in Fermata Energy.
Another significant distinction is that while other V2X startups focus on publicly funded pilots and academic partnerships to prove their business case and technology, Fermata Energy has a “straight to commercial” go-to-market strategy of real-world deployments and privately funded pilot projects with utility, municipal, and commercial fleet partners.
Fermata Energy is the only company today providing commercial V2X services at multiple sites across the US using light duty vehicles. On average, these deployments are saving customers enough on their monthly electricity bills to pay for their EV’s monthly lease cost. Fermata Energy is also integrating with multiple utilities like National Grid, Green Mountain Power and others for demand response programs, system-wide peak shaving, and other use cases.