Montréal-based smart home energy company dcebl has secured investment from Volvo Cars, it has announced.

Volvo Cars will support dcebl’s R&D and go-to-market endeavours through its corporate venture capital arm, Volvo Cars Tech Fund.

The dcebl r16 Home Energy Station is a multifunction bidirectional EV Charger. It converts electricity generation from rooftops solar panels, which is stored inside home batteries.

dcebl says this feature “promises to ease strain on the electric grid”. When connected to a compatible smart charger like dcbel r16, bidirectional cars, together with other energy storage systems, can form a “virtual power plant”, helping to control energy demand.

Alexander Petrofski, CEO of Volvo Cars Tech Fund, said: “Home Energy Management Systems will play a vital role as we move towards bi-directionality of electric vehicles.

“Rising energy prices coupled with frequent blackouts are challenges faced by consumers today and our investment in dcbel and their technology can help alleviate those challenges for our customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Marc-Andre Forget, CEO of dcbel, said: “We are proud to have been selected by Volvo Cars and excited to play an important role in their mission to fully electrify their fleet.”

The Home Energy Station will automate all energy management decisions involving the EV, including automated charging to eliminate range anxiety, vehicle-to-home (V2H) peak shaving when utility rates are high, blackout protection immediately following a power outage, vehicle-to-grid (V2G) export optimized based on demand, and protection against battery degradation, dcebl says.