VOOL is a European startup aiming to increase the accessibility of EV chargers with its innovative charging technology. Rather than posing a solution to EV charging demand that requires creating and implementing what are essentially new powerlines in every city, VOOL's chargers leverage the existing infrastructure. The company claims that its chargers are up to 300% more efficient that standard chargers on this infrastructure.
The company achieves this large uptick in charging efficiency by enabling each charger to automatically swap between three phases of electricity. The chargers have software that measures energy efficiency and cost efficiency of each phase and automatically optimizes the charging session accordingly. This solution working effectively, and deployed at scale, could work to meet the estimated 3.4-million public EV chargers that need to be deployed in the EU by 2030. For reference, there are currently around 500,000 chargers deployed in the EU.
Image Credit: VOOL
What's Driving This Trend
- Efficient EV Charging
- Integrating new software and technology to optimize the charging process for EVs by harnessing existing power networks across cities.
- Energy Efficiency Optimization
- Using data analytics and AI software to reduce energy consumption during the EV charging process, minimizing costs and maximizing savings for businesses and consumers alike.
- Smart Grid Solutions
- Developing innovative charging technologies that leverage existing electricity infrastructure, and reducing the need for additional costly and time-consuming infrastructural deployment.
Who This Affects Most
- Renewable Energy
- VOOL's innovative charging technology can help further the development of the renewable energy industry, as it reduces the amount of money and time associated with the creation of new powerlines in cities.
- Automotive
- VOOL's technology offers exciting opportunities for the automotive industry, allowing for the creation of more efficient electric cars that can charge economically and quickly.
- Charging Infrastructure
- There's a huge potential for businesses that specialize in EV charging infrastructure to benefit from VOOL's innovative solution - using existing power networks allows for more affordable and scalable EV infrastructure deployment worldwide.
