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WeaveGrid and Toyota Collaborate to Optimize Charging for the Grid

WeaveGrid

WeaveGrid, a software company specializing in managed charging platforms that facilitate the rapid adoption of electric vehicles

WeaveGrid, a software company specializing in managed charging platforms that facilitate the rapid adoption of electric vehicles (EVs) on the electric grid, has announced today a collaboration with Toyota Motor North America (Toyota). This collaboration involves direct integration for both Toyota and Lexus battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). WeaveGrid’s integration with Toyota is currently operational in select utility territories across the US, with plans for expansion. This integration offers significant charging-related benefits for BEV and PHEV owners, as well as for the electric grid. It enables owners to save money while charging their vehicles and contributes to a cleaner and more resilient electric grid.

The collaboration leverages WeaveGrid’s intelligent software platform to work in concert with the telematics systems on certain Toyota and Lexus BEV/PHEV vehicles to provide actionable EV load management capabilities to the country’s largest electric utilities. The result is a system that enables drivers to opt into charging optimization, personalized driver insights, and home charging cost savings.

“WeaveGrid is thrilled to collaborate with Toyota, a global automotive leader, to offer innovative solutions we both believe will help accelerate the transition to decarbonized transportation,” said Apoorv Bhargava, Co-founder and CEO of WeaveGrid. “At WeaveGrid, we are committed to making EV adoption easier and more sustainable for everyone. This work with Toyota is a major step forward in achieving that goal.”

“Toyota is committed to creating a home energy ecosystem where customers can not only charge their EVs at home, but also provide customers with the opportunity to save money, utilize clean energy and potentially contribute to grid and energy stability in their communities,” said Christopher Yang, Group Vice President, Toyota Business Development. “Working with WeaveGrid will allow Toyota to play a larger role in defining this home energy ecosystem and ensure that the home charging experience benefits both the customer and society.”

Toyota BEV and PHEV owners who enroll in WeaveGrid-powered programs with participating utilities are eligible to earn direct incentives and additional benefits from their electric utility company.

For example:

  • Xcel Energy customers enrolled in the Optimize Your Charge program in Colorado, Minnesota, and New Mexico can earn a $50 annual bill credit, on top of daily savings from off-peak rates.
  • Baltimore Gas & Electric (BGE) enrolled customers in Maryland can access discounted charging and save about $150 per year through the EVsmart program.

All enrolled participants across utility programs receive tailored insights about their charging and suggestions on how to save money on charging over time through a personalized dashboard.

SOURCE: WeaveGrid

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