The EV charging market is expected to grow from $7.3 billion in 2024 to $12.1 billion by 2030, with the UK playing a crucial role in this expansion. As of May 2024, the UK boasts 62,536 EV charging points across 32,992 locations, representing a year-on-year increase of 43% in the number of public devices.
However, the next 5 years is expected to see a further 5 fold increase to at least 300,000 public charge points by 2030! Achieving this ambition of impressive growth will need a very different level of ‘operational visibility’ for stakeholders to keep pace with demand. Which is why IDNOs are now turning to FYLD…
One of the primary obstacles is poor visibility across project delivery, creating a ‘blind spot’ that leads to inefficiencies and missed opportunities. Up to 35% of working hours are spent on non-value-add activities such as searching for job data and rectifying mistakes.
Additionally, FYLD finds that about 10% of a field worker’s day is consumed by lengthy processes and inadequate digital solutions. These inefficiencies result in higher likelihoods of energisation date delays, impacting revenue generation and causing miscommunications that can lead to further operational challenges.
FYLD is at the forefront of addressing these visibility challenges. Our solutions are designed to provide real-time visibility of on-site activities, streamline communication, and ensure that all parties involved in the project are aligned and informed. Here’s how FYLD makes a difference:
FYLD provides real-time data and evidence of work, which is crucial for receiving milestone payments, reporting progress, and monitoring quality.
This visibility ensures that all stakeholders, including charging point operators (CPOs), independent connection providers (ICPs), and network operators (DNOs), can access up-to-date information and collaborate effectively.
By offering clear process documentation and effective communication tools, FYLD bridges gaps caused by unclear processes and poor communication, reducing delays and inefficiencies.
Managing multiple parties in an EV infrastructure project can be challenging. FYLD’s platform facilitates seamless communication at all stages of infrastructure delivery.
By centralising communication, FYLD reduces handover times and ensures that all stakeholders are on the same page, thereby accelerating project timelines.
Frequent design changes can trigger significant delays. FYLD facilitates better communication between ICPs and DNOs, enabling smoother design changes and approvals.
Collaboration is essential for the successful delivery of EV charging infrastructure. FYLD enables strategic partnerships by providing tools that support coordination and cooperation among different industry players.
This collaborative approach helps in meeting the scale of the challenge and drives faster expansion of the charging network.
Delays in energisation directly impact revenue generation. FYLD’s solutions help prevent these delays by ensuring timely and efficient project completion.
By reducing non-value-add activities and improving field worker effectiveness, FYLD accelerates the time to revenue for EV infrastructure projects.
FYLD encompasses all aspects of safety, operations and evidencing- removing clunky processes and systems required on site to deliver assets across a vast network.
Quality issues can arise from lack of collaboration and miscommunication. FYLD’s documented communication channels and remote timeline of events support “right first time” jobs, minimising rework and ensuring high-quality outcomes.
Ensuring compliance and understanding audit processes can be challenging. FYLD’s technology provides real-time visibility and evidenced documentation, simplifying audit processes and enhancing compliance.
The UK’s goal of having at least 300,000 public charge points by 2030 is ambitious but achievable with the right strategies and technologies in place. FYLD is committed to being a part of this journey by providing innovative solutions that enhance visibility, streamline operations, and foster collaboration in the EV infrastructure sector.
As we move forward, it is crucial for industry players to adopt technologies that bridge the visibility gap and enable efficient project delivery. FYLD stands ready to support this transition, ensuring that the EV charging infrastructure is built efficiently, sustainably, and to the highest quality standards.
Interested in how FYLD can transform your EV charging infrastructure and accelerate delivery? Request a free demo today.