Coda Energy emerged in June out of the ashes of Coda Holdings with plans to repurpose some of the battery system from the Coda Sedan for stationary energy storage. In May, Coda Holdings declared bankruptcy after sales of the company's Sedan EV were hindered by, among other things, plain styling, substandard crash test results and a vehicle recall. Read Coda Energy's press release below.
Eco-Station will create additional revenue streams and advanced functionality for site operators
MONROVIA, Calif., Aug. 27, 2013 /PRNewswire/ -- CODA Energy, with Energy Vault and Growing Energy Labs (GELI), will deploy the first Eco-Station, a solar integrated electric vehicle (EV) fast charging station optimized by energy storage, in the San Francisco Bay Area. The charging station will incorporate a 175 kW solar array, DC fast charging, a 40kWh CODA Core™ UDP energy storage system, and GELI's intelligent Energy Operating System (EOS) software.
DC charging, which refuels a typical EV battery in 30-60 minutes, improves the usability of EVs by extending their effective range and enabling road trips. These stations require high quantities of power to operate, and as a result, incur costly utility peak demand charges that can add up to hundreds or thousands of dollars per month. The Eco-Station contains a battery energy storage system (ESS) supplied by CODA Energy that mitigates this problem by serving as a buffer between the charger and the grid, lowering the charging station's peak power demand. The addition of GELI's intelligent Energy Operating System (EOS) software will enable the Eco-Station to make operational decisions based on the price of power and energy, which in conjunction with demand response programs, could bring site operators new sources of revenue.
"As is the case in California, electric vehicle adoption tends to correlate with renewable energy deployment," said Ed Solar, COO, CODA Energy. "Energy storage complements these technologies by reducing operational costs, improving functionality, enabling new revenue streams and mitigating grid stress."
Energy storage enables the Eco-Station to make smart choices with respect to electricity prices and the environment. During peak consumption periods, costly utility demand charges are minimized. At night, stored solar power can be used to charge vehicles and inexpensive, off-peak energy can be used to recharge the battery. When the Eco-Station is unoccupied during the day, it can sell excess generated or stored power back to the grid and generate revenue.
Energy storage optimizes the delivery of zero emissions, solar electricity. Fast charging stations with integrated solar panels typically rely on grid power – even when the sun is shining – as the power needs of the vehicles and chargers often exceed the output of the solar array. A single CODA energy storage tower can discharge up to 100kW of power, far exceeding the capacity of common DC chargers. This allows drivers to refuel with 100% zero emissions electricity generated on-site. As charging systems are developed with even faster charging rates, energy storage will limit the need for expensive grid connection upgrades.
Energy storage enables the Eco-Station to provide valuable grid services. The CODA ESS enables the Eco-Station to participate in utility demand response programs and provide valuable grid services, creating additional revenue streams for the station operator. Multiple Eco-Stations connected by sophisticated network control software could become a valuable dispatchable load source during peak demand periods.
About CODA Energy
CODA Energy designs and builds scalable energy storage solutions that support a smarter, cleaner and more reliable grid. The CODA Core UDP™ combines advanced batteries with proven battery and thermal management systems (BMS and TMS), all managed through a sophisticated power source controller. CODA energy storage systems are optimized for generation, distribution and behind-the-meter applications for commercial and industrial end users. CODA Energy professionals have deployed a combined 140 MW and 50 MWh of energy storage in stationary and mobile applications to date.