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Microgrids are all the rage, and they have been for a few years. Who doesn’t like the idea of a little self-sustainable, independent grid that ropes in solar power, wind power, battery energy storage, EV charging stations and perhaps a tad of some other less common electricity solutions? It sounds simple: tie them all together and make sure they’re working intelligently to constantly supply energy to the people and businesses who need it.

Of course, when it comes to turning an idea into action, things can get a lot more complicated than they look on the surface. Microgrids are often more complicated and challenging to implement than they look on paper. Also, if someone builds such a system, it is evident they’d like to get their money back on it and then make a profit. Trying to forecast whether that will happen and how to make it happen is even more complicated.

Michael Stadler and Adib Naslé published an article in the academic journal The Electricity Journal a couple of years ago, “Planning and Implementation of Bankable Microgrids,” laying out the “multiple, complex steps and software tools” that were available for implementing and evaluating microgrid projects at the time. A key conclusion: “Existing techniques treat every Microgrid project as a unique system, resulting in expensive, non-standardized approaches and implementations which cannot be reliably compared. That is, it is not possible to correlate the results from different planning methods performed by different project developers and/or engineering companies.” The industry has been lacking uniform approaches and evaluation systems to plan and optimize microgrid systems efficiently and at scale.

Furthermore, the planning and evaluation systems in place were not set up to be easily understandable and usable by different key players in developing, investing in, financing, or approving microgrids. The authors write, “For this sophisticated engineering task, tools and models are needed that can include GridLAB-D (GridLab-D, 2017) […] or OpenDSS, designed by the Electric Power Research Institute (EPRI, 1997–2018). Some of these analyses introduce considerable complexities and need an engineering background, limiting the usability for certain stakeholders such as bankers, investors, or real estate companies. Furthermore, most of the time, the technical design process (cable and transformer sizing) is completely decoupled from the conceptual design (selecting and placing technologies), and no integration exists, obstructing any data flow. This is especially problematic when the technical design reveals issues with the underlying conceptual design, leading to unplanned engineering time and costs.”

What is their solution? A unified software system with integrated design stages and a user-friendly experience that allows anyone from bankers to engineers to plan, visualize, and optimize a project. And that’s what these guys are now offering through XENDEE — “one single platform, allowing multiple views, complexity levels, and details depending on the user class, i.e., engineer versus financier versus construction consultants.” In fact, XENDEE’s software platform recently won the prestigious 2021 Edison Gold Award in Human Critical Infrastructure. Here’s a video overview, but I’ll cover some of the core company highlights below if you’re not keen on watching the full rundown:

XENDEE describes their platform as a “streamlined interface” that “removes traditional technical barriers and enables new users from business, sales, financial and engineering backgrounds to accurately screen Microgrid investment opportunities in minutes.” This speed and efficiency in validating projects can also be a big deal for companies and government organizations looking to scale microgrid projects faster and further.

Image credit: Xendee

An important element — perhaps the key element — here is that funding institutions and engineers/developers can use the XENDEE platform together to optimize both technical and financial goals. “Additionally, our physically-based economic decision support system couples financial optimization with detailed electrical power system analysis to verify resilience and financial viability before the first cable is laid.”

Image credit: Xendee

You don’t have the technicians looking at one thing, the finance people looking at something else, and a person or team in the middle trying to understand both and translate as needed. Using an old cliche, you don’t end up trying to stuff a square block into a circular hole — and ending up with hair on the floor from frustration and failure.

“XENDEE’s immersive user experience and generative design optimization technology considers millions of possibilities and autonomously creates the optimal Microgrid system, investment thesis, and control strategy that best meets your customer’s envisioned benefits and goals in minutes.”

Naturally, this is marketing talk and pretty pictures of an attractive software platform. The proof is in the pudding. Does this work as eloquently explained? Well, you can’t confirm that without trying it out, and we’d recommend scheduling a product demonstration with a member of the XENDEE team using this link. If your mouth is starting to water and you’re in this industry, note that XENDEE highlights and summarizes four key stages where its software can be used to optimize time efficiency and cost efficiency: 1) Client Feasibility Study, 2) Custom Tailored Bankability Study, 3) Balance of System Engineering Analysis, 4) Implementation Management.

1. Client Feasibility Study

XENDEE’s immersive user experience and generative design optimization technology considers millions of possibilities. It autonomously creates the optimal Microgrid system, investment thesis, and control strategy that best meets your customer’s envisioned benefits and goals — in minutes.

Image credit: Xendee

2. Custom Tailored Bankability Study

Enrich feasibility studies with highly detailed modeling features that capture almost any imaginable scenario. Then let XENDEE’s unique bankability analysis capabilities generate custom-built solutions optimized to your customer’s exact objectives and needs with unmatched accuracy and speed.

Image credit: Xendee

3. Balance of System Engineering Analysis

Accurately determine Balance of System (BOS) costs with XENDEE’s integrated power system one-line diagram, time-series power flow, and transient stability analyses. Easily optimize the size of cables, transformers and other components required to ensure safe and reliable operation.

Image credit: Xendee

Finally, XENDEE’s custom-tailored project management information system delivers a centralized and straightforward cloud-based solution to instantly identify problems and determine project status. Deviations from the plan are highlighted and indicate effects on the overall project delivery timeline.

Image credit: Xendee

One of the greatest things we can do worldwide to facilitate the use of clean energy and reduce carbon emissions is to more quickly and efficiently roll out distributed energy microgrid solutions. I hope to see XENDEE’s platform get into the hands of many more developers, engineers, government officials, and financiers in order to help achieve that. I have not seen a comparably compelling platform in my years of covering this sector — with the caveat being that I also haven’t personally developed or financed a microgrid project, so can only provide this top-level view of this solution and the microgrid world as a whole.

***

This article was supported by Xendee.

 

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

Read more: Renewables now make up 30% of US utility-scale generating capacity

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This ‘supercharger on wheels’ brings fast charging to you [update]

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”


May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

Read more: Mercedes-Benz just opened more DC fast chargers at Buc-ee’s in Texas


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Marqeta shares plunge more than 30% on big forecast miss

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Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

  • Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
  • Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”

Don’t miss these insights from CNBC PRO

Marqeta CEO on Q2 earnings, consumer trends and the end of cash

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