- ChargePoint (CHPT, Financial) unveils new AC Level 2 charging architecture with bidirectional capabilities.
- The technology promises ultra-fast charging, reducing full-battery charge time to about four hours.
- ChargePoint holds approximately 61% of the public AC Level 2 charging market in the USA.
ChargePoint (CHPT), a prominent leader in networked electric vehicle (EV) charging solutions, has announced a groundbreaking advancement in AC Level 2 charging technology. The newly introduced architecture incorporates bidirectional charging capabilities and significantly enhanced charging speeds.
Key innovations of this new architecture include vehicle-to-everything functionality, which allows electric vehicles to serve as a power source for homes, commercial buildings, or to feedback energy into the grid. This transformative capability significantly enhances the role of EVs in energy management.
The charging speeds have been dramatically improved to 19.2 kW for North America and 22 kW for Europe, effectively halving the time needed to charge a typical EV battery from 0% to 100% in about four hours. This addresses a prevalent barrier in EV adoption by reducing charging time significantly.
Additional features include dynamic load balancing, which optimizes charging speeds based on current energy demands, integration with smart home systems, and the capability to charge multiple EVs through series-wiring without the need for expensive infrastructure upgrades. The ChargePoint Omni Port also allows for compatibility with various connector types, addressing common challenges in the charging ecosystem.
The first models featuring this new architecture are set to launch in Europe by summer 2025 and in North America by the end of 2025. As the holder of an estimated 61% market share of public AC Level 2 charging in the United States, ChargePoint aims to solidify and expand its leadership with this innovative platform.
