UK bus operator Stagecoach has chosen smart energy company GridBeyond to help optimise energy consumption in their electric vehicle (EV) fleets and integrate renewables energy in their business strategy.
The new partnership will also allow Stagecoach to participate in the Capacity Market from October 2024, while looking at several other opportunities to support the grid.
The Capacity Market aims to ensure there is reliable electricity supply to meet peaks in demand, safeguarding against the possibility of blackouts.
Stagecoach Asset Management & Infrastructure Director Tony Cockcroft said: “Using GridBeyond’s expertise in energy markets will enable us to get the most value out of our significant investment into our electric fleet.”
By participating in the Capacity Market, Stagecoach will support the grid when there is a high risk that a system stress event could occur whilst reducing the total cost of ownership from its fleet transition to EV through revenues earned by participation.
EV fleets are encouraged by governments and operators who are promoting EVs as a key technology to curb oil use, fight climate change and air pollution.
