Phoenix Motor, a California-based developer of zero-emission, all-electric vehicles (EV), has signed an equipment testing agreement with Fermata Energy, a Virginia-based provider of vehicle-to-everything (V2X) bidirectional charging platforms.
The Fermata Energy platform enables EVs to be used as mobile energy storage assets, sending energy stored in EV batteries to the local grid or a building when needed.
“V2X is the next logical step in the evolution of our medium duty platform,” Lance Zhou, CEO of Phoenix Motorcars, said. “Fermata Energy has proven to be the leader in this technology and offers the skills and the expertise to implement V2X capability as a viable solution for our customers and fleets.”
The long-term partnership will see Fermata pair its V2X bidirectional chargers and AI-driven software platform with Phoenix’s zero-emission drive system. This will allow Phoenix’s customers possibly to earn revenue while their vehicles are parked either from their local utility or by avoiding high peak demand charges by sending energy to their building.
“V2X bidirectional charging unlocks the value in EV batteries,” David Slutzky, Founder and CEO of Fermata Energy, said. “Partnering with Phoenix Motorcar adds a new class of vehicles to our bidirectional charging portfolio and extends the opportunities for fleet owners and operators to earn revenue without impacting vehicle utilization.”
Headquartered in Anaheim, California, Phoenix Motor designs, builds, and integrates electric drive systems and light and medium duty EVs and sells electric forklifts and electric vehicle chargers for the commercial and residential markets.
The company was founded in 2003 and has focused on developing EVs for the light- and medium-duty government and service fleet markets. Phoenix Motor is planning on bringing its new "EdisonFuture" brand of light-duty EV trucks.
Fermata Energy's bidirectional chargers are being used in a first-ever vehicle-to-grid pilot in Brooklyn.