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INTRODUCTION
An EV Grid-tied inverter is a device that converts the direct current (DC) electricity generated by a renewable energy source such as solar panels or wind turbines into alternating current (AC) electricity. This AC electricity is then used to power the electric vehicle (EV) and/or to feed electricity back into the grid.
It is an essential component in a grid-tied EV charging system, as it enables the electricity generated by the renewable energy source to be used by the EV and/or fed back into the grid.
The grid-tied inverter works by taking the DC electricity produced by the renewable energy source, such as solar panels or wind turbines, and converting it into AC electricity. This AC electricity is then used to power the EV and/or to feed electricity back into the grid.
The inverter is connected to the grid, allowing electricity to be fed back into the grid when the renewable energy source is producing more energy than the EV needs. This is beneficial both for the owner of the EV and for the grid, as it prevents energy from being wasted and helps reduce the strain on the grid.
The grid-tied inverter is also capable of providing power to the EV when the renewable energy source is not producing enough energy. When this happens, the inverter draws electricity from the grid, converts it into DC electricity, and then sends it to the EV. This ensures that the EV always has the energy it needs, regardless of the availability of the renewable energy source.
GLOBAL EV GRID-TIED INVERTER MARKET SIZE AND FORECAST
The Global EV Grid-tied inverter market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
To offer full-service, one-stop clean energy services for commercial buildings and e-mobility, Yotta Energy has unveiled three new products. Yotta Energy is launching three new products that will not only advance the renewable energy industry by offering simplified solar, storage, and electric vehicle technologies but also establish the company as a single, one-stop shop for clean energy services for commercial properties.
This coincides with the Inflation Reduction Act’s increased investments in and deployments of climate tech. Yotta EV, a line of commercial EV chargers that offer a simplified level 2 charging experience ideal for fleets, and Yotta REV, a solar-powered EV charging station that can be deployed in less than 48 hours and delivers up to 510 miles of solar-powered charging daily and is grid-optional, are among the company’s new offerings. Yotta DPI-208 and DPI-480 are innovative 3-phase microinverters for commercial solar and storage applications.
All three products—which were created in response to the quickly expanding market demand—will be commercially available in the first quarter of this year for installation across the continental United States. They are designed to increase the return on investments (ROI) for clients wishing to implement solar and electric vehicle technologies. In addition, the Inflation Reduction Act offers incentives to electric vehicle charging stations that use solar power.
At Intersolar Europe today, SolarEdge Technologies, Inc., a leader in smart energy globally, unveiled their new Bi-Directional DC EV Charger. The new charger, which is anticipated to go on sale in the second half of next year, will allow solar-powered Vehicle-to-Home (V2H) and Vehicle-to-Grid (V2G) features.
Owing to SolarEdge’s unique DC-coupled architecture, the Charger is anticipated to provide several advantages: Fast charging—by simultaneously drawing electricity from the home battery, the PV array, and the grid—bypasses the home’s AC infrastructure and the car’s onboard EV charger. Charging the EV with excess PV makes use of the SolarEdge inverters DC to AC oversizing. Direct charging of the EV from PV eliminates the need for needless AC-to-DC power conversions.
Through the use of intelligent algorithms to determine dynamic utility prices and autonomously charge and discharge the EV battery, SolarEdge’s ONE energy optimization system will provide greater savings.
This will allow homeowners to discharge their stored EV battery power back into the grid, allowing them to get payments from their electricity provider during demand response events (V2G). Moreover, homeowners can utilize their EV battery to back up their homes for extended periods during an outage by using it as an off-grid large-scale battery storage solution (V2H). The charger uses a standard CSS connector to work with both EV powertrains.
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