Share&Charge – Germany Charging Station Network Blockchain Wallet?
Share&Charge is a platform where users can share electric vehicle charging stations with one another in exchange for digital currency. Read our Share&Charge review today to find out how it works.
What Is Share&Charge?
Share&Charge, found online at ShareAndCharge.com, is a mobile app available for iOS and Android. The app lets users share electric vehicle charging stations with one another in a P2P environment.
So far, the platform consists of 1146 charging stations in Germany. A recent partnership with a San Francisco-based company will see Share&Charge launch across North America later this year.
The idea behind Share&Charge is to make electric vehicles more usable across the country. You can view an interactive map of electric vehicle charging stations through the app. You can view the status of those stations, check reviews for those stations, and see tariffs charged by users.
Ultimately, that means you can travel by electric vehicle more easily.
The Share&Charge platform is built on blockchain technology. Blockchain technology is used to track transactions in a transparent, immutable way. The platform also has a digital currency called Innogy EV charging points.
Share&Charge, which is based in Essen, made headlines for becoming the first company in Germany to add physical assets onto the blockchain.
How Does Share&Charge Work?
With Share&Charge, users can use the interactive map to find charging stations in their area. You can identify the status of the station with a click, and see reviews posted by others.
Meanwhile, users can earn income from their charging stations by setting their own tariff. You can change that tariff at any time – so if you’re in the middle of a big city with lots of EV charging options, you may want to charge a lower price, while those in remote rural locations can charge a higher price. Users can choose tariffs based on a flat rate, time, or kWh usage.
Users have the option to pocket their tariff fees. Or, they can choose to donate that money to a charity.
You can also setup a “Family and Friends” tariff, where you charge a lower rate to people you know. This rate is different from your Community Tariff, which is available to all Share&Charge users.
All billing, invoicing, and transaction management is done by Share&Charge. There’s a Share&Charge wallet that holds real-time information about all your transactions, making it easy to monitor and track all activity over your Share&Charge account.
How To Use Share&Charge
Share&Charge is as easy to use as any mobile app. Unless you’re charging by kWh, no special software is required on either end.
Charging Station Owners
Step 1) Register your charging station
Step 2) Set your own tariff at each of your charging stations; you can decide whether or not you want to provide friends and family with a special discounted tariff
Step 3) Let someone else charge at your charging station
Step 4) Earnings are transferred to you via your Share&Charge wallet
Step 5) You can use the Share&Charge balance to charge your electric car at other charging stations, cash out your earnings to a bank account, or donate to a non-profit organization
Tariffs can be charged on a flat rate basis (like charging 10 Euros for 4 hours of charging time, for example). Or, you can assess a time-based tariff, where the approximate value of the charging time per hour is estimated. Share&Charge will use the capacity of the charging station and the capacity of the electric vehicle to assess this information.
Finally, you have the option of using a kWh-based tariff, where the amount of charged energy is measured by a smart meter and subsequently billed. However, in order to use the kWh-based tariff, charging station owners need to install a calibrated meter.
Step 1) Register your vehicle
Step 2) Transfer money to your Share&Charge wallet (using PayPal, credit card, or SOFORT)
Step 3) Search and find charging stations using the interactive Share&Charge map
Step 4) Choose a charging station
Step 5) Charge at the charging station
Step 6) Charging costs will be transferred from your Share&Charge wallet to the owner of the charging station
Step 7) You receive an invoice via email describing the transaction
The Share&Charge app is totally free to use and download.
In terms of charging costs, rates will vary between charging station owners. However, Share&Charge claims that the average single charge costs around 8 Euros.
That rate includes both electricity and parking costs.
Share&Charge will charge 15% of the charging station’s revenue as a service fee.
Who Made Share&Charge?
Share&Charge was made by an Essen, Germany-based company named MotionWerk. The company was founded in 2016.
Co-founder Dietrich Sümmermann describes how the company has ambitious goals for the future:
“With Share&Charge, we are pursuing clear goals. Within one year, we will not only become one of the top 5 infrastructure providers for charging stations in Germany, but also a competent specialist for charging in general and charging infrastructure in particular.”
You can learn more about the company from their LinkedIn page.
Partnership With eMotorWerks
In July 2017, a partnership was announced between Share&Charge and eMotorWerks to deliver North America’s first peer-to-peer electric vehicle charging network based on blockchain technology.
That partnership combines Share&Charge with the JuiceNet-enabled Smart Grid EV charging stations offered by eMotorWerks, a San Francisco-based company. For the system to work, the charging stations must have eMotorWerks’ JuiceNet Smart Grid technology, while both parties (drivers and charging station owners) must register on the Share&Charge platform.
eMotorWerks was founded in 2010 with the goal of building electric vehicle charging technology across the United States. The joint pilot program between the California company and Share&Charge is scheduled to begin on August 1 ,2017.
Overall, Share&Charge is a network for all types of charging stations. The goal is to make life easier for electric vehicle owners in Germany. Using the Share&Charge app, drivers can easily find electric vehicle charging stations near their location, while homeowners can earn money through their own electric vehicle charging stations.
Share&Charge uses blockchain technology to track transactions in a transparent, immutable way. In addition, customers use a digital currency to pay for electric vehicle charging. That currency can be used to pay for services within the app. Or, you can cash out to fiat currencies.
Meanwhile, charging station owners can adjust their tariffs based on time rates, kWh usage, or flat rates. Plus, you can charge a special discounted rate to family and friends that’s different from the Share&Charge community rate.
To learn more about the platform, or to download the app today, visit ShareAndCharge.com.