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Product Overview
Overview
Terawatt provides a network of charging stations for electric fleets. They invest in strategic location for charging stations and build out the charging infrastructure. Their solution tackles real estate, charging infrastructure, and software:
- Real Estate: Scope out and invest in strategic locations to build out their charging centers to support fleet operations in urban and rural settings. They focus on finding locations strategic for fleets around metro areas, logistics hubs, and highway corridors.
- Infrastructure: TerraWatt builds out the infrastructure to support their charging centers and provide a range of charger types. They provide solutions for light, medium and heavy duty vehicles. Through their charge center development, they are also exploring option of onsite generation and battery storage to provide a more robust and reliable charging solution.
- Software & Services: Building out software to support their stations at large. Their technology provides operations management, asset management, and energy management services. Software also performs predictive diagnostics to maintain a reliable charging network
Business Model
Electric fleet companies pay a monthly fee to reserve space in TeraWatt Charging Centers. This shifts the costs of managing EV charging from Capex to Opex.
Technology Innovations
Terawatt is taking a unique approach to charging infrastructure by owning and managing the entire charging infrastructure. From owning the land itself, to building out the charging infrastructure and developing charge management software, TeraWatt owns and manages the entire charging infrastructure process line. This approach takes the burden of transitioning to electric vehicles off the fleet companies and lets them simply rent out charging space for their fleets without worrying about installation or management of stations.
This also shifts the cost of EV charging infrastructure from Capex to Opex, which is a valuable option for some companies who are apprehensive of the initial upfront cost of installing charging infrastructure.
Applications
Charging Infrastructure Needs: The adoption of electric vehicles for different industry uses is scaling quickly, and the nations charging infrastructure is not up to the level it needs to be to support demand. TeraWatt Infrastructure is getting ahead of the game by investing upfront costs of charging center infrastructure to facilitate fleets charging needs as they adopt electric vehicles.