Together with aggregator partner Grid Beyond, PowerBank detects imbalances in the electrical grid and briefly pauses current EV charging sessions to help prevent power blackouts in exchange.
Monta says PowerBank has proven its ability to alleviate pressure on a grid reaching a crisis point during its successful implementation in the Nordics and now, the company’s grid-stabilising technology is primed to support the UK and Irish market. This brings the total number of active users across all markets to over 11,000, with the number of customers growing daily.
Grid service technologies, such as PowerBank, play an active role in reducing grid imbalances and congestion. As EV adoption continues, technologies such as this will become increasingly significant tools for managing grid stability for years to come, as electricity demand continues to rise.
Already, at the current level of demand, grid imbalances - where frequency falls below 50 Hertz as demand outweighs supply are not uncommon. In 2023, Grid Beyond reported 19 unique imbalance occasions – a figure only set to rise as the transition to net zero becomes a reality.
In facilitating technologies, such as PowerBank, utility companies will benefit not only from a more stable grid, where risks of blackouts are reduced greatly but also from the new revenue opportunities they provide. For the charge point owner, PowerBank is available at no cost within the Monta app. EV charge point owners receive credit to spend in the Monta app whilst helping to avoid blackouts in their community.
