Tether, a Barcelona-based startup founded in 2023, utilizes artificial intelligence to manage the charging behavior of electric vehicles (EVs) effectively, transforming them into a clean power reserve. By predicting and coordinating the charging patterns of millions of EVs, Tether creates the world's largest distributed battery system with a significant capability to stabilize the energy grid, potentially reducing CO2 emissions by up to 7,300 tonnes per MW during a vehicle's lifetime. The name 'Tether' reflects the company's mission to connect EVs to the grid via their charging infrastructure.
Tether uses AI to predict and coordinate the charging behaviour of millions of EVs, effectively turning them into a decentralised, clean power reserve that supports the energy grid.
Typical Electric Vehicles are parked 95 percent of the time - they are essentially just big batteries on wheels, but these batteries move, making them hard to coordinate and predict.
The company aims to group millions of cars as valuable assets for the grid, using tethered chargers with fixed cables to strengthen the connection to electric vehicles.
Tether can reduce CO2 output up to 7,300 tonnes per MW over the lifetime of a car, promoting a cleaner energy ecosystem.
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