Why we exist
The demand charge kept blindsiding our customers. So we built the solution.
Chris Nihan and Justin Ries spent years inside the companies building the EV charging industry.
At ChargePoint, they watched facility after facility—dealerships, fleets, office parks—invest
in charging infrastructure and then open a utility bill that had climbed by thousands of dollars.
The chargers worked. The economics didn’t.
“Installing chargers is the easy part. The demand charge on your next utility bill
is the part nobody warned you about.”
The culprit is the demand charge: a utility fee based on your single
highest interval of power draw in a billing period, not on total energy consumed. One DC fast
charger can set that peak even when it’s barely used—and that peak can double or
triple the electricity costs an operator expected. Traditional EV charging software watches
whether the charger is on. No one was watching what it cost.
EVready Energy was founded in 2022 to close that gap. The team that built large-scale charging
programs at ChargePoint and Tesla brought the same execution discipline to a company designed
around a single insight: the financial success of electrification matters
as much as the technical success.
Team alumni of
SolarCity
Tesla
ChargePoint
National Grid
EVPassport
Lucid Motors
Northeastern University