BMW, Ford and Honda Name CEO of EV-Grid Integration Joint Venture

By Michael Susin

BMW, Ford and Honda said Wednesday they started operations of their equally-owned joint venture ChargeScape, and appointed Joseph Vellone as its first chief executive officer.

The automakets said they Vellone has 15 years of experience in the energy and climate sectors, having been most recently part of the founding team at software start-up ev.energy.

The company also appointed Kalidindi Raju as chief technology officer. Raju has over 15 years of experience in the technology sector, previously serving in senior leadership positions at Amazon, OATI, among others.

The companies previously announced the partnership on Sept. 2023, and said then the joint-venture was expected to be operational early 2024 subject to regulatory clearance.

ChargeScape is a software platform that integrates electric vehicles into the power grid in order to improve grid stability by temporarily reducing demand when the grid is constrained and even sending energy back into the power grid when needed, offering a cost-efficient operational benefit for electric utilities.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

September 18, 2024 09:28 ET (13:28 GMT)

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