GE (NYSE: GE) and Juice Technologies announced a joint development agreement to create intelligent plug-in electric vehicle (PEV) charging devices for U.S. and global markets. The chargers integrate GE’s smart meters with Juice Technologies’ Plug Smart™ engine to help consumers charge their cars during low-demand, lower cost time periods.
GE said it will offer a comprehensive line of charging products
featuring Juice Technologies’ patent-pending intelligent charging
technology.
Initial chargers will be available in the United
States in the second quarter of 2010, with full-scale production
ramping up throughout the year. Global availability will follow.
Smart chargers are expected to hasten acceptance of plug-in cars by making them more attractive to both consumers and utilities. Consumers will benefit by receiving the lowest-possible charging rates for their cars. Utilities will be able to better control the demand for electricity and take on the added load of electric vehicles without over taxing their grids. Utilities will also realize greater value from their capital equipment during overnight and other low-demand times, when it is substantially less utilized.
“Our collaboration with GE gives us the expertise we need to bring our solutions to market,” said Rich Housh, CEO of Juice Technologies.
Electric vehicles will begin shipping in volume across the United States in 2010.
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