Keeling Curve

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Project Summary / Description:

Nectar helps fleets transition to the use of electric vehicles (EVs) through software and data tools that allow fleets to sell energy from EV batteries back to the grid without impacting fleet operations.

Nectar is going to market by providing mobile battery-powered Direct Current (DC) fast chargers to electric vehicle (EV) logistic fleet operators along with an associated software-as-a-service offering. The battery-powered chargers are key because they helps fleets solve capacity, resiliency and flexibility challenges felt as fleets transition to the use of EVs. Nectar's software takes in fleets operational data streams and 1) identifies routes that are best to use EVs, and routes that are risky for EVs 2) analyzes utility tariff data and fleet operations data to help fleets sell energy from idle EV batteries back to the grid without impacting fleet operations.

When a fleet operator starts using Nectar's services, users bring in mobile battery-powered DC chargers alongside their regular chargers, and they integrate Nectar's fleet management software with their existing systems (their own software stack). Nectar's software creates a model based on the customer's fleet operations. It finds energy arbitrage opportunities from users' electric vehicles, new battery systems, and other energy sources at their site. When many customers in one area use Nectar's platform, it consolidates these cost-saving opportunities & offers them as a single energy resource to utility companies. This interaction with the grid boosts the returns on fleet investments and enhances power grid stability, which reduces costs for utilities.  Nectar benefits both all parties & the environment.

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How Project Affects Greenhouse Gas (GHG) Emissions:

Transportation accounts for nearly 30% of the United States’ annual carbon emissions. Last-mile delivery fleets are a growing part of that problem. Although the journeys they make are short, they account for [up to half of all CO2 emissions from delivery vehicles](https://clean-mobility.org/wp-content/uploads/2022/07/Secret-Emissions-of-E-Commerce.pdf).

According to a [2020 World Economic Forum report](https://www3.weforum.org/docs/WEF_Future_of_the_last_mile_ecosystem.pdf), e-commerce growth will put 36% more delivery vehicles on the roads of the world’s 100 biggest cities by 2030. This will increase carbon emissions by more than 30%, generating 26MT of greenhouse gas emissions annually, as well as local air pollution.

In the near term, vehicle electrification is one of the best ways to reduce transportation-related emissions. And because last-mile delivery vehicles rarely travel more than 200 km a day, they are ideal targets for electrification. By reducing the charging constraints fleet operators face, Nectar is strategically accelerating the adoption of EVs, slashing GHG emissions and curbing local air pollution.

We predict that Nectar will result in a 2% increase in vehicle adoption beyond current growth projections, at least. By 2035 this will represent additional emission reductions of 1.4MT of GHG emissions curbed, or roughly 17% over current business as usual projections and projected EV growth without Nectar.

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Impact on Underrepresented Groups:

We are committed to building a diverse organization that has women and people of color in leadership positions and throughout the organization.

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