Fermata Energy provides a Vehicle-to-Everything (V2X) bidirectional charging platform that enables electric vehicles to function as distributed energy resources, allowing users to discharge stored battery energy back to the grid, home, or building. This technology helps reduce peak demand charges and generates revenue by utilizing parked EV batteries for energy storage, addressing the need for scalable energy solutions in the transition to renewable energy.
Funding
$40M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TCFounders
Product
Problem
Electric vehicles (EVs) possess significant battery storage capacity that typically remains untapped while parked. Traditional one-way EV chargers offer limited functionality, failing to leverage EVs as distributed energy resources. This results in missed opportunities for EV owners and fleet operators to generate revenue, reduce energy costs, and support grid stabilization.
Solution
Fermata Energy provides a Vehicle-to-Everything (V2X) bidirectional charging platform that enables two-way power flow between EVs and the grid (V2G), buildings (V2B), or homes (V2H). The platform uses machine learning to forecast energy needs and optimize charging/discharging schedules, allowing users to discharge stored battery energy back to the grid or building to reduce peak demand charges and earn revenue. Fermata Energy's FE-20 bidirectional charger is designed for commercial use with 3-phase power and offers cost parity with fast one-way chargers while unlocking additional revenue streams. The V2X system turns parked EVs into distributed storage resources, supporting the transition to sustainable and affordable electric transportation and a resilient grid.
Target Audience
The primary customers are commercial EV fleet operators, municipalities, school districts, and building owners seeking to reduce energy costs, generate revenue from EV batteries, and support grid stabilization.
Features
- Bidirectional DC fast charging platform enabling V2G, V2B, and V2H capabilities
- Machine-learning-driven forecasting and optimization for intelligent energy management
- FE-20 bidirectional charger designed for commercial 3-phase power applications
- Revenue generation through grid services and peak demand reduction
- Integration with the EPA’s Clean School Bus (CSB) Program
- Cloud-based platform for remote monitoring and control
- Cost parity with traditional one-way EV chargers