Fermata Energy, Xcel Energy, City of Boulder, ColoradoCarShare and Boulder Housing Partners announced a collaborative Vehicle-to-Everything (V2X) bidirectional charging pilot project at Boulder Housing Partners? 30 Pearl development and the Molly's Spirits Lakeside facility. This innovative V2X pilot program transforms parked EVs into mobile power units, advancing grid resilience and reducing electric bill costs while supporting underserved communities and local businesses.

Fermata Energy's intelligent bidirectional charging platform paired with four (4) FE-20 chargers and two (2) of Colorado CarShare?s Nissan LEAFs will showcase V2X and Vehicle-to-Building (V2B) technology's untapped potential. When an electric vehicle is parked and in V2X mode, the Fermata Energy platform leverages the vehicle?s battery energy to offset and lower the building?s peak demand. Fermata Energy?s Demand Charge Management (DCM) software intelligence manages the total system power and energy via charge rate, frequency and depth while intelligently preserving the vehicle's battery health.

This technology is designed to optimize customer value by curtailing building peak demand at the same time preserving needed range for the expected electric vehicle duty cycle. Beyond these newest deployments, Fermata Energy's V2X impact is notable. Since December 2020, the City of Boulder has leveraged Fermata Energy's V2B technology at the North Boulder Recreation Center, achieving energy cost savings and reinforcing the city's renewable energy and sustainability commitment.

The Alliance Center, with Colorado CarShare, launched a V2B project, illuminating electric carsharing and grid technology synergy to address climate change effectively in one of Denver's historic buildings. Fermata Energy also launched a Vehicle-to-Grid (V2G) pilot program for multi-family affordable housing to increase affordable access to EVs for low-income drivers in Boston. The collaboration between Fermata Energy, Xcel Energy, City of Boulder, ColoradoCarShare and Boulder Housing Partners demonstrates a practical application to scale V2X technology deployments within Xcel Energy's service territory, marking a significant step forward in the integration of electric vehicles with the energy grid for enhanced resilience and efficiency.