Energy storage, mobile chargers will “tackle grid challenges” from EV adoption

Although electric vehicle (EV) sales are likely to remain flat this year due to COVID-19’s impact on the economy, the strong long-term outlook for EV sales will create challenges for the electric grid, Utility Dive reports. Newer vehicles will increase stress on the grid “due to their larger batteries and capacity for faster charging,” according to the article. Rhombus Energy Solutions CEO Rick Sander said “[i]ntegrating energy storage with vehicle-to-grid capable chargers and smart [energy management system] solutions” will be one effective mitigation strategy. Consulting firm Guidehouse said mobile chargers deployed by a van or other mobile units will provide a flexible approach to meet demand. Mobile and temporary EV charging “will grow from 0.5% to 2% of the charging market by 2030,” according to Guidehouse. For more, read the full article.

Miscellaneous

CARES Act “filled with options” to help small businesses, MAGNET says

The Cleveland-based Manufacturing Advocacy and Growth Network (MAGNET) is working with several groups to help manufacturers navigate the effects of the COVID-19 pandemic, CantonRep.com reports. Their efforts include studying the CARES Act recently passed by Congress “to find the changes that can benefit small businesses,” according to the article. MAGNET says the CARES Act “is filled with options to assist small business owners,” including “a loan of up to 2.5 times a company’s average monthly payroll,” deferment of the 6.2% Social Security tax for 2020 until the end of 2022, and options “for expanding and paying for unemployment.” For more, read the full article.

Federal Updates, Miscellaneous