Fireside Chat: Developing Convenience Group’s EV Charging Strategy

Synopsis

In this session, we will explore the challenges faced by The Convenience Group in integrating EV charging stations, including:

• Demand Costs Dilemma: Despite the push for more EV charging stations, “demand costs” from utility companies can make it financially challenging for convenience stores, especially independently owned ones.
• The Power of Storage Battery Systems: To combat high demand charges, businesses can utilize onsite storage battery systems. These systems draw power from the grid throughout the day, avoiding the high costs associated with sudden bursts of power demand.
• Adapting to the EV Revolution: As the transition to electric vehicles accelerates, convenience stores must weigh the costs and benefits, explore funding opportunities, and consider partnerships to effectively cater to the growing EV driver demographic.