Energy Cost Savings: A Real Case Study of Fleet Management with AMP X VOLT's Smart Charging System
As the world accelerates towards sustainable energy solutions, electric vehicles (EVs) are becoming increasingly prevalent in both personal and commercial sectors. However, managing the energy costs associated with charging a fleet of EVs can be challenging in the archaic fixed-price environment that is lacking smart-charging opportunities. Here, we present a real case study demonstrating how VOOL’s smart charging system provided by AMP X VOLT can significantly reduce these costs.
The Challenge
One of our potential customers, who manages a fleet of 20 electric vehicles, faced substantial energy costs for charging his fleet. In 2023, the total expenditure for charging these vehicles amounted to €21,996.50. This cost burden highlighted the need for a more efficient and cost-effective charging solution.
The Fleet
Each vehicle in the fleet drives approximately 15,000 kilometers annually, resulting in a total annual fleet mileage of 300,000 kilometers. With daily operation, the fleet requires around 4,100 hours of EV charging per year. This large-scale usage further amplifies the need for a smart charging system to manage energy consumption effectively.
The Solution: AMP X VOLT's Smart Charging System
AMP X VOLT offers a seamless EV charging solution utilising market-leading charging hardware and software package from VOOL. The system is designed to optimise energy usage and reduce costs through dynamic market-based energy pricing and smart load management. To demonstrate the potential savings, we conducted a practical simulation using the real fleet data and actual day-ahead energy market statistics for Luxembourg for the year 2023.
The Results
The simulation revealed that by using AMP X VOLT's smart charging system, the customer's annual energy cost would have been reduced to €11,360.50. This represents a nearly 50% saving compared to the existing charging system used by the fleet manager. Here’s a breakdown of the key factors that contributed to these savings:
Smart Charging System: Our technology enables the installation of up to six times more chargers with the same local grid capacity, meaning that all vehicles can be plugged in simultaneously and charging activated only when the costs are the lowest. The smart phase load management system also ensures 100% efficient energy supply usage.
Dynamic Market-Based Pricing: By leveraging real-time energy market prices, our system automatically adjusts charging schedules to take advantage of lower energy rates. This results in substantial cost reductions for fleet operators as shown above.
Comprehensive Fleet Management Platform: The underlying fleet management platform provides real-time data and insights, allowing fleet managers to make informed decisions about energy usage and costs, while maintaining control over all practical aspects of their fleet.
Case Example
In the provided case, the customer would have saved €10,636.00 over the year by switching to AMP X VOLT's system. This not only underscores the financial benefits but also highlights the efficiency and sustainability of the real smart charging solution.
This case study exemplifies the significant cost savings that fleet managers can achieve by adopting AMP X VOLT's smart charging system. This innovative technology and market-based dynamic pricing model provided by AMP X VOLT brings an unparalleled advantage in managing and reducing energy costs for electric vehicle fleets.
For fleet managers looking to optimise their energy expenditures and embrace a more sustainable approach to vehicle charging, AMP X VOLT offers a compelling and effective solution. Join us in revolutionising the future of electric vehicle charging and fleet management.