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Electrification: Statkraft expands its focus on electric car charging

Statkraft has been in the electric car charging market since 2012 and is owner of the charging station company Mer. Statkraft now wants to expand its investment significantly in Northern Europe. Why would a company that historically only produced hydropower, build and operate electric car charging stations?

Image of Vidar Eide
Vidar Eide
CCO, Mer

Vidar Eide is CCO of eMobility company Mer, a Statkraft company.

Electrification of the transport sector will fundamentally change the electricity market, maintains Vidar Eide, Chief Commerisial Officer in Statkraft's e-charging company Mer.

"The need for electricity will increase, and that power should come from renewable sources if the growth is to be sustainable. Statkraft is Europe's largest supplier of renewable electricity, and we aim to increase production and be an active contributor to the electrification of society."

"With our starting point as an active owner in Mer for many years, electric car charging is an interesting business area for international growth, where we can leverage expertise and learning from Norway, the most mature electric car market in Europe," says Eide.

EV charging station
(All photos: Mer)

Flexibility an advantage

Electrification of the car fleet – and other sectors – will require more predictability in the production of renewable energy and smart solutions for managing consumption, not least electric car charging. Eide believes Statkraft has several advantages in this market.

"First, we are a credible supplier of green power. All the electricity we supply to the market comes from renewable sources such as hydropower, solar or wind power," he says.

"In addition, we have considerable experience in managing and controlling renewable energy production, both from hydropower production in Norway and from virtual power plants. The one we have in Germany manages thousands of wind turbines on behalf of their owners. At the same time, Statkraft is one of Europe's largest power traders. This provides the know-how and systems for managing electric car charging and other types of power consumption."

Electric car

Smart charging needed

"Overall, this provides us with a very good basis for optimising electric car charging with regard to power prices and grid capacity, which is a prerequisite for electrification of the car fleet," says Eide.

"Today, peaks in electricity consumption occur in the morning before people go to work and school and in the afternoon when they come home. We have enough power, but the power grid does not have sufficient capacity if everyone charges their electric cars while running the washing machine and making dinner. In today's market, where electric cars make up a small proportion, this is normally not a big problem, but if the transport sector is to become 100 per cent electrified, we need better solutions."

Today, charging stations draw electricity directly from the grid when in use, but in the future more sophisticated solutions are needed. "Smart" charging means that computers steer the charging to the most favourable times of the day. This avoids consumption peaks and network overload.

EV charging station

Charging everywhere

Initially, Statkraft will continue to build charging stations where people travel, often in connection with grocery stores or shopping malls, but also at workplaces and in larger housing cooperatives and condominium developments. Eventually the company will probably also offer chargers to homeowners.

"Today there are too many people charging directly from the outlet at home. This is neither safe nor particularly smart," says Eide.

"If the car fleet is to be electrified, we must make it attractive for people to have access to sound and smart chargers at home, at work, maybe at the cabin, alongside roads and at shops."

Facts about investments in Germany

  • In August 2019, it was announced that Statkraft had purchased the German electric car charging company E-WALD GmbH. The acquisition strengthens Statkraft's position in the German and European electric car charging markets following its investment in 2018 in the German company eeMobility GmbH, which develops total solutions for charging company cars.

  • E-WALD has a strong market position in fast charging and electric car-sharing. The company operates around 300 charging stations and offers around 100 vehicles in an electric car-sharing service to companies and municipalities, with a total of 7000 users.

  • E-WALD and eeMobility are both based in the state of Bavaria in southern Germany.

Facts about Mer

  • Mer is a Norwegian operator of charging stations that offers charging of electric cars alongside roads, in workplaces, parking lots and in housing cooperatives.

  • Mer is owned by Statkraft with 100 per cent. The company's head office is in Kristiansand, Norway.