ENECHANGE launches private parking zero plan for condominiums

Contributing to the Tokyo Metropolitan Government's goal of installing 60,000 ZEV charging facilities in apartment complexes

From today, March 9, 2023 (Thu), ENECHANGE Ltd. will begin offering a “Condominium Private Parking Zero Plan” utilizing a government subsidy. Condominiums in the Tokyo metropolitan area can take advantage of the metropolitan government’s own subsidy and pay a basic electricity rate of zero yen.
*This service is available only if the requirements for the Tokyo Metropolitan Government subsidy are met.

Background

While it is essential to improve the charging environment to expand the use of electric vehicles, progress in installing EV charging ports in apartment complexes has been slow. In response to the situation in Tokyo, where approximately 70% of households live in apartment complexes, the Tokyo Metropolitan Government has set a goal of “installing 60,000 ZEV charging facilities in apartment complexes in Tokyo” by 2030, and plans to make installation mandatory for new condominiums after 2025. However, there are several hurdles in the case of condominium complexes, such as difficulty in gaining consensus among residents, lack of appropriate locations for charging ports, and who will pay the increased electricity bill, etc. ENECHANGE EV Charge was introduced in November 2022 to facilitate condominium management associations in considering the introduction of this system. We have been offering the “Condominium Zero Plan,” in which the installation cost, monthly fee, and electricity bill are all reduced to zero yen only when the system is installed in a common parking lot of a condominium building. Since the release of the plan, the number of inquiries has been increasing daily, indicating the high level of demand for the service.

About ENECHANGE’s “Condominium Private Parking Zero Plan”

ENECHANGE EV Charge will promote the development of an EV charging environment in condominium complexes by offering the “Condominium Private Parking Zero Plan,” which allows condominium management associations to install EV charging ports in private parking lots of condominiums at an all-zero cost. As with the existing Condominium Zero Plan, installation and monthly costs are zero yen, and the actual cost of metered electricity is also returned. In preparation for the mandatory installation of EV charging ports in new condominiums, we will work with real estate developers from the design stage, and will also provide support for appropriate electrical work.

≪Features of the “Condominium Private Parking Zero Plan”≫

Possible to charge at 3-6kW output by demand control

No limit on the number of vehicles in dedicated parking compartments; installation in all parking compartments is also possible

Installation cost (equipment cost and construction cost) and monthly fee are 0 yen

All electricity costs used for EV charging are fully reimbursed, effectively zero yen.

The industry’s lowest condominium charging fee of 108 yen per hour* at 3kW output

Tokyo Metropolitan Government only/No basic electricity charges when new electricity is brought in *Tokyo Metropolitan Government subsidies are utilized.

Reasons why condominiums choose ENECHANGE EV Charge

1. All-in-one service minimizes installation and management hassle
The all-in-one service, including installation, application for subsidies, provision of payment applications and management systems, and response to inquiries due to malfunctions or errors, allows condominiums to increase their asset value with minimal installation and management hassle.
2. Demand control is possible
According to interviews with condominium management associations where EV charging ports are installed, 90% said they are concerned about the amount of electricity used during peak hours. In the case of corporate contracts, since demand values affect the basic electricity rates, consideration must be given to ensure that demand values do not increase as a result of the installation. ENECHANGE implements optimal charging output control based on the amount of electricity obtained from the EV charging port when multiple EVs are connected at the same time.

(Reference)
Press Release “ENECHANGE EV Charge enters condominium charging market” November 11, 2022
https://enechange.co.jp/en/news/press/evcharge-20221111/

ENECHANGE EV Charge

ENECHANGE EV Charge is an all-in-one service that allows installation of charging facilities for electric vehicles at commercial facilities, lodging facilities, and other destination locations, as well as condominiums, with minimal installation and operation costs starting at 0 yen per month. ENECHANGE EV Charge also offers a full range of services for EV drivers. In addition to searching for charging spots, anyone can use the charging ports at any time, and the simplicity of paying only for what you use without monthly fees is appealing.

URL: https://ev-charge.enechange.jp/

ENECHANGE Ltd.

ENECHANGE is an energy technology company with the mission of Changing Energy For A Better World, and promotes a carbon-free society through digital technology. Founded in 2015 and listed on the Tokyo Stock Exchange Mothers in 2020 (securities code: 4169), ENECHANGE works in the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. We offer a range of SaaS solutions for energy companies and are experiencing rapid growth. Our company’s roots come from an energy data lab at the University of Cambridge, UK, a country where liberalization is mature. ENECHANGE has a UK subsidiary, SMAP Energy Limited, which has developed analytical technology for energy data and provides us with links to a global network.

URL: https://enechange.co.jp/en

For press inquiries, please contact
ENECHANGE Ltd. Public Relations
pr@enechange.co.jp