Servotech Power Systems Limited, an electrical equipment company, plans to revolutionize EV charging with two patents. These patents allow fast charging for GB/T Bharat DC 001 vehicles using a small gadget via CCS2 connectors. This innovation eliminates the need for dual infrastructure expenses, benefiting fleet services and small trucks adhering to the GB/T Bharat DC 001 protocol. The company intends to establish a strong, compatible, and cost-efficient EV charging system. Moreover, it has disclosed a more than threefold rise in net profit, reaching Rs 3.12 crore in the second quarter, credited to increased revenues. Servotech focuses on solar, EV chargers, and smart power solutions, recently partnering with the Uttar Pradesh government for a Rs 300 crore EV charger manufacturing plant.
Benefits Offered By This Innovation
This innovation by Servotech brings forth cost-effective and streamlined EV charging, revolutionizing the industry infrastructure while providing significant savings for fleet service providers.
Benefits to EV Charging Industry
- Revolutionizing Infrastructure: The innovative EV charger technology marks a significant step forward in upgrading and modernising the EV charging infrastructure. This advancement is poised to address current limitations and meet the growing demand for efficient charging solutions in the electric vehicle market.
- Interoperability: The patents filed by Servotech Power Systems Limited play a crucial role in fostering an interoperable environment for EV charging. Different charging stations and vehicles can seamlessly work together, promoting a standardised and user-friendly experience for electric vehicle owners.
- Cost-Effectiveness: The transformative technology is anticipated to bring about cost efficiencies in the EV charging infrastructure. By optimizing the charging process and streamlining the technology, it has the potential to make electric vehicle charging more affordable, encouraging wider adoption and accessibility for users.
Benefits to Fleet Service Providers
- Single Infrastructure: Fleet services, managing a fleet of vehicles, stand to benefit significantly from the elimination of the need for dual infrastructure expenses. This streamlining of charging infrastructure translates to cost savings for companies operating electric vehicle fleets, making the transition to sustainable energy more economically viable.
- Widespread Charging Access: The technology allows fleet vehicles adhering to the GB/T Bharat DC 001 protocol to charge at widespread CCS2 chargers. This expanded access to charging stations enhances the operational flexibility of fleet services, ensuring that vehicles can be charged conveniently across a broader network of charging points.
- Efficient Charging: With the ability to fast charge GB/T Bharat DC 001 vehicles, fleet services can enhance the efficiency of their operations. Reduced charging times mean less downtime for vehicles, contributing to increased productivity and ensuring that fleet vehicles can return to the road promptly after charging.
Conclusion
Servotech Power Systems Limited’s innovative approach to EV charging by filing two patents reflects a commitment to advancing the clean energy sector. The revolutionary technology not only addresses current infrastructure limitations but also promotes interoperability and cost-effectiveness in the EV charging industry. For fleet service providers, the streamlined charging process translates to significant cost savings and operational efficiency, fostering a more sustainable and economically viable transition to electric vehicles. With a notable increase in net profit and plans for an EV charger manufacturing plant, Servotech is playing a significant role in shaping the future of sustainable energy solutions.
