LONDON – May 24, 2022 - Electric vehicle (EV) sales in Europe are soaring as Fermata Energy, a leading U.S. vehicle-to-everything (V2X) technology company, expands its presence there. Fermata Energy has recently opened an office in London, UK, with Claire Weiller, PhD leading their growth in Europe to stay ahead of the automotive industry's transition to all-electric fleets.

"As the second-largest EV market in the world, just behind China, Europe is a critical market for expanding deployment of our V2X technology," said David Slutzky, founder, and CEO of Fermata Energy. "Claire brings with her extensive expertise in the electric vehicle and renewable energy sectors, as well as a wealth of contacts and regional knowledge that will help Fermata Energy support the rapid transition to EVs in Europe.

Joining Fermata Energy as Director of European Strategic Partnerships, Claire leads the company’s market analyses and business development efforts in Europe. She has over ten years of experience having worked at start-ups, in research, and in investments. Claire serves as a technical expert for the European Commission, supporting research and development funding programs. She holds a PhD in Engineering Management and an MPhil in Technology Policy from the University of Cambridge as well as an M.Sc. in Energy Science and Technology from ETH Zurich, and a BSc in Environmetrics from McGill University.

Fermata Energy has seen tremendous growth in the United States. Last year, the V2X company raised $40 million in investments from investors such as the Caryle Group and Verizon Ventures, and last month, the U.S. Department of Energy entered into an MOU with Fermata Energy and several of its partners to accelerate V2X technology. In a recent pilot program in Rhode Island at the Burrillville Wastewater Treatment Facility, Fermata Energy enabled its customer to earn USD 4,325 in  10 weeks by participating in a demand response program with National Grid, the local utility. The earnings Fermata Energy generated for its customer more than paid for the vehicle for the year – Fermata Energy’s V2X technology created a free car for its customer. Fermata Energy has also partnered with the city of Boulder, Colorado, where it has successfully helped the city reduce its energy load and lower utility costs by providing V2X services using a Nissan LEAF.

"I am excited to join Fermata Energy, a company at the forefront of V2X technology with a focus on delivering best value and experience to EV drivers and our partners in the United States and now, Europe.  V2X has a great role to play in a flexible, resilient and smart energy system and Fermata Energy is best placed to make this a reality."

Fermata Energy’s V2X technology provides essential energy storage to the power grid to facilitate the transition to renewables and provides revenue generation capabilities for electric vehicle (EV) and EV fleet owners.

Fermata Energy's next-generation bidirectional, UL approved EV charger and accompanying proprietary energy management software platform help customers dispatch power from stored energy in EV batteries directly back into the grid (V2G), building (V2B), or home (V2H). This functionality turns EVs into energy storage resources, and in the process, unlocks and monetizes the massive energy storage potential of EVs.

About Fermata Energy

Park it. Plug it. Profit.TM Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase energy resilience, and reduce energy costs. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn.