Calgary, Alberta (July 20, 2022) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading global energy data analytics and SaaS technology company, has released a report evaluating the recent rise in electric vehicle (EV) charging and potential strain on electric grid distribution.
As drivers hit the road this summer, increasing demand for gasoline as prices at the pump top record figures, EIR analysts have unveiled EV Adoption Impact on Distribution Networks – A Trickle Change in Charging. As more consumers buy EV vehicles, EIR’s new report dives into the impacts of increased EV charging on the distribution grid. By combining charging behavior, historical demand and adoption forecast, EIR analyzes scenarios to anticipate when EV charging demand could become problematic to the distribution network. The report also analyzes the potential for EV charging to balance excess wind generation during low demand hours at night.
“It is unlikely for EV charging to become problematic to the existing grid infrastructure in the near future. However, residential charging policies will be crucial to defer infrastructure upgrades,” said Ryan Luther, report author and senior vice president of Enverus Intelligence Research.
“Proper EV charging policy implementation could hinder wind generation curtailment and reduce the need for energy storage,” Luther said.
Key takeaways from the report:
- EV adoption will likely not pose a significant issue to the distribution grid until 2035.
- Inefficient charging methods may expedite the upgrades to existing residential transformers with as little as 10% EV adoption.
- Status quo can be maintained with most current residential transformers by implementing smart charging at least until 70% EV adoption.
- Residential EV charging could act as a strong contributor to balancing wind generation during nighttime.
Members of the media should contact Jon Haubert to schedule an interview with one of Enverus’ expert analysts.
About Enverus
Enverus is the leading energy SaaS company delivering highly-technical insights and predictive/prescriptive analytics that empower customers to make decisions that increase profit. Enverus’ innovative technologies drive production and investment strategies, enable best practices for energy and commodity trading and risk management, and reduce costs through automated processes across critical business functions. Enverus is a strategic partner to more than 6,000 customers in 50 countries. Learn more at Enverus.com.
About Enverus Intelligence Research
Enverus Intelligence Research, Inc. is a subsidiary of Enverus and publishes energy-sector research that focuses on the oil and natural gas industries and broader energy topics including publicly traded and privately held oil, gas, midstream and other energy industry companies, basin studies (including characteristics, activity, infrastructure, etc.), commodity pricing forecasts, global macroeconomics and geopolitical matters. Enverus Intelligence Research, Inc. is registered with the U.S. Securities and Exchange Commission as an investment adviser.
