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BMW, Ford and Honda Begin Operation of ChargeScape
Last September, Ford, BMW and Honda agreed to create Chargescape, a new company focused on optimizing electric vehicle grid services. Today, the companies announced that ChargeScape is officially operational, along with the appointment of the company's first Chief Executive Officer and first Chief Technology Officer.
ChargeScape is a software platform that integrates electric vehicles into the power grid, shoring up grid stability while saving drivers money on their charging. ChargeScape’s technology wirelessly connects to electric vehicles and, working with participating utilities, manages home charging efforts when the grid is constrained and even can send energy back into the power grid when needed.
For more information, please see the full ChargeScape press release.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 174,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
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