Siemens Energy, Inc. (NYSE: SI) and Coulomb Technologies, Inc. announced a joint marketing agreement for an integrated electric vehicle product offering, including electric vehicle (EV) charging infrastructure.
This agreement will allow Siemens to offer companies, including utilities, electric retailers, municipalities and EV suppliers, the ability to monitor, bill and clear financial transactions for EV charging.
The agreement is a major boost for Coulomb, which completed its Series B funding round in February.
Siemens said it plans to couple Coulomb Technologies’ ChargePoint® Network with its smart grid implementation.
"Electric vehicle infrastructure, within the Smart Grid, is a critical enabling technology that will allow electrical vehicle technology to reach its full potential from both a societal and economic perspective," says Paul A. Camuti, Siemens Energy, Inc., president, USA Smart Grid Applications.
Coulomb’s ChargePoint Network Operating System complements and augments the Siemens offerings by supporting asset management, charging/session events and two-way demand response programs.
Siemens supplies solutions for grid automation, commercial and industrial energy efficiency applications, including building automation, IT systems integration, advanced lighting technology and energy efficient appliances for a comprehensive Smart Grid solution.
A series of events has put the Smart Grid market on the cusp of a big boom: the introduction of a number of new power generation sources such as renewable wind and solar power; the need for greater energy efficiency; changes in regulation for CO2 emissions; an emerging market for electric vehicles; and an aging, outdated existing power delivery system.
Siemens estimates the global Smart Grid market in the fields in which it is engaged to be $36 billion between 2010 and 2014.
Richard Lowenthal, CEO of Coulomb Technologies said, "The relationship between Siemens Energy and Coulomb is highly synergistic. The Siemens Meter Data Management Solutions and the ability to integrate EVSE solutions into the customer’s IT platforms leverages our advanced communication and networking software to deliver a higher level value proposition to our common customer base."
Earlier this month, Coulomb announced it will provide nearly 5,000 home and public charging stations for electric vehicles in nine US regions, through a strategic partnership with Ford (NYSE: F), Chevrolet and the Department of Energy.