Integrating local traffic and energy data management systems offer clear benefits to the electric grid and transport sector, says Bloomberg New Energy Finance (BNEF).In a new report, BNEF states that the integration of the two solutions can result in the acceleration of EV adoption as well as opportunities for greater interaction between the grid and transportation infrastructure.
Some of the benefits include reduced carbon emissions from the transportation industry, lower traffic congestion and enhanced energy management.
In regard to carbon emissions, the integration is expected to cut emissions with a potential value of up to US$1.3m if CO2 is priced at US$10 per tonne.
Energy and traffic DMS pilot
To provide an insight on how the integration of the technologies would benefit a setting of the deployment, Toyota and Mitsubishi's research company UFJ carried out a pilot of the combined technologies in Japan.
The programme was part of the Toyota Smart Community project funded by the Japanese ministry of Economy, Trade and Industry.
From the pilot, the consortium has learnt that the TDMS-Energy Data Management System provides an efficient multimodal route suggestions to users as well as operation plans to transportation business operators as a result of the transportation supply and demand projection achieved by the system.
Furthermore, the pilot highlighted that the technology enables third parties to provide users with incentives to choose the lowest CHG emission options as well as cooperate with demand response requests.