Canadian EV charging company Swtch Energy moves into energy management

The Toronto-based company introduced a new tool April 3 that monitors a building’s electricity consumption in real-time and dynamically adjusts the amount of energy EV chargers pull from electrical panels to make the most of unused capacity.

“When these sources do turn on, we’re actively able to turn down the charging through software,” Li said. For the average rental apartment in Canada, installing two charging stations often requires a new electrical panel. That retrofit can “easily” cost more than $10,000, Li said. Swtch’s hardware, on the other hand, costs only several hundred dollars, a price baked into the company’s wider software services fee.

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