Sunday, June 23, 2024

Navigating the Future: A Comprehensive Approach to EV Charging Solutions for Fuel Retailers

By Om Shankar, General Manager & Vice President of Global eMobility at Gilbarco Veeder-Root

In the dynamic world of on-the go charging, staying ahead of emerging trends is pivotal for success. The rise of Electric Vehicles (EVs) in the UK presents a unique opportunity for filling station owners to lead the charging market.

And why is that? It’s because they are among the most attractive propositions for charging infrastructure development since, by their very nature, they’re easy to get to, there are lots of them, and they’re built on main roads throughout suburban and urban areas. And, most already provide the services drivers want when charging, including staffed facilities in clean, well-lit locations, food and drink, and restrooms.

Gilbarco Veeder-Root offers a full-service package for EV charging solutions, promising extensive benefits that include revenue growth, enhanced sustainability efforts, and future-proofing of stores.

Although EVs currently account for nearly 17% of new car sales in the UK, the growth in the market is following Norway’s runaway success over the past 10 years, and where EVs now constitute 82% of new car sales. coupled with the UK government’s commitment to phasing out combustion vehicles from 2035 – just as Europe will – the EV market is poised for explosive growth. Norway’s success is attributed, in part, to its comprehensive public charging network, emphasising the pivotal role of robust charging infrastructure in the transition to clean transport.

As EV popularity soars, the demand for convenient, effortless, and reliable public charging, especially from high-mileage business and fleet drivers, presents a significant business opportunity for Filling Station owners. Embracing fully-funded EV charging solutions offers various benefits:

  • Revenue Growth: Implementing EV charging solutions serves as an additional, long-term revenue stream, boosting rental income.
  • Enhanced Footfall and Basket Spend: Offering EV charging services effectively drives foot traffic, attracting existing and potential customers and increasing basket spend.
  • Rental Income Boost: A successful EV charging solution can lead to additional rental income through base-rent agreements or profit-sharing models, providing a diversified income stream.
  • Sustainability and ESG Targets: Integrating EV charging aligns with sustainability commitments, appealing to environmentally-conscious consumers and building a future-proof brand.
  • Future-Proofing: Investing in EV charging infrastructure now protects assets against future market dynamics – especially declining revenue from petrol, diesel and LPG/CNG pumps as EV market share increases and ICE bans take effect, positioning businesses to lead the market, and increase desirability among tenants and customers.
  • Streamlined Solution: Collaborating with an established charge point operator (CPO) ensures a seamless experience, both for customers and end-users alike, allowing property owners to focus on their core business: Gilbarco Veeder-Root can take full, 24/7 responsibility for your EV chargers.

Given the substantial investment required for rapid charging installations, partnering with a full-service, full-site supplier is a prudent approach. Gilbarco Veeder-Root supports the entire process, from planning and technology selection to installation and commissioning, with a suite of cloud-enabled software platforms to efficiently and profitably operate charge points.

Managing over 50,000 charging connectors worldwide, Gilbarco Veeder-Root’s extensive experience, spanning more than 150 years in the filling station sector, sets it apart in the competitive energy retail market. The company not only brings technical expertise but also an innate understanding of ensuring a reliable and profitable energy flow to consumers.

The backbone of Gilbarco Veeder-Root’s offering is the Driivz backend software, enabling efficient network management and revenue generation for charge point operators. Driivz, built on an intelligent, scalable platform, seamlessly integrates into charging networks of any size, providing a comprehensive solution for chains of service stations or industry-leading networks.

Customers experience Driivz through EVerse, a “Do It For Me” solution where Gilbarco Veeder-Root deploys and operates Driivz, allowing customers to focus on their core business while maximizing revenue from their charge points. The EVerse dashboard provides complete 24/7 oversight of charging network status, key performance indicators, and allows for easy tariff adjustments.

EVerse also includes a driver helpdesk, providing support for end-users with questions or issues. If a fault requires on-site attention, Gilbarco Veeder-Root’s extensive field service and technical support network ensures prompt resolution.

Further enhancing the offering is Sparkion, a smart tool designed to optimize electricity supply for maximum profit. Utilizing real-time data and AI-driven algorithms, Sparkion ensures efficient electricity draw from various sources while maintaining optimum charging performance. This intelligent power management system, coupled with daily and monthly energy usage forecasts, can significantly impact a site’s profitability.

In conclusion, with Gilbarco Veeder-Root as a partner, investing in EV charging solutions becomes an investment in the future of properties and a commitment to a greener tomorrow. As the UK steers towards a cleaner and more sustainable future, and fulfils its global responsibility to achieving net zero CO2 emissions by 2050, filling station owners have the opportunity to not only embrace revenue growth but also play a pivotal role in driving the transition to clean energy, improving urban air quality, and enabling sustainable personal mobility.

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