REV Technologies
Click here for blog posts related to REV
*Awarded with 2011 Ready to Rocket Accolade – Read More*
REV Technologies (REV) (http://www.revtechnologies.ca/) sets the standard for advanced smart grid and electric vehicle technology.
For the last three years REV has focused its development on vehicle technologies that allows for the two-way exchange of electricity with the power grid, enabling electric cars to become a versatile storage resource for renewable power. With rapid evolution in the marketplace come new opportunities, and REV has been preparing for growth in two exciting areas.
REVTech Engineering is a new division focused on electric vehicle powertrain and energy storage engineering services for the automotive, aviation, marine, military and aerospace industries. As more organizations seek solutions to green their vehicle fleets and reduce their carbon footprint, REVTech is here to provide the application-specific engineering know-how to help them meet their goals. To this end REV is now hard at work on two new powertrain and energy system projects for a major aviation company.
Launching The AutoGrid marks the strategic evolution of REV’s long-term vision for an energy internet enabled by electric cars. By 2020, electric cars will store more total energy than the US grid presently produces. The AutoGrid can unlock those energy reservoirs and create a new revenue stream for the electric vehicle value chain. REV’s combined electric vehicle and networking technologies work like a symphony conducted by the AutoGrid Network. Together they enable the next generation of EV’s to act as high-output energy endpoints that improve reliability of the grid, increase the adoption of wind and solar power and allow vehicles to act as power stations, at home, work and play. Networking vehicles to fast-switch between powering off-board devices while staying synchronized with the grid is what REV calls Vehicle To X, or V2X, and lies at the core of their technology differentiation and growing patent portfolio.
Click here: REV Technologies Executive Summary for a PDF version of their Corporate Outlook and Summary
GreenAngel Energy has developed an ongoing Venture Capital Corporation with the sole purpose of raising money for REV Technologies. Investors are able to take advantage of a significant tax credit with this RRSP eligible investment. Regularly check out GreenAngel Investor Events page for future opportunities.
Related Posts
In a recently released McKinsey Global Institutes report entitled Resource Revolution: Meeting the world’s energy, materials, food, and water needs, the minds at McKinsey took a deep look into the state of the planet and have provided insights into how society can adjust to meet the needs of the growing population. This article discusses the McKinsey findings and features the GAE investee companies that are in line with this research.
Jay Giraud, CEO of REV Technologies, has been busy at work for the last few years taking the electric vehicle industry by storm. Jumping from straight electric vehicle technology to the revolutionary new smart grid technology has kept the momentum going for this high energy innovator. Jay’s secret to success can be summed up in two words, “ratcheting” and communication. Jay knows best that the squeaky wheel gets the grease and it is due to his tenacity that he has achieved so much in a relatively short time as a CEO.
As REV Technologies embarks on new territory they are stepping outside the box and onto the grid, the smart grid. Founder and CEO, Jay Giraud, has a vision for a network of vehicles that will collectively provide utilities with back-up energy in times of fluctuation, achieving increased stability for the grid. As renewable energy becomes more necessary, “back up” solutions will be needed to allow this transition to actually occur. REV’s technology will be able to provide insurance to the grid which will ultimately permit renewable energy sources to become major providers.
The First quarter of 2011 was a big one for GreenAngel Investee Rapid Electric Vehicles. REV added 2 key members to their team, including a board member and further proved their portable power and micro-grid technology. It’s no surprise that they’re so successful – the technology speaks for itself… Just ask the US Military.
On February 24th, Vancouver’s Mayor Gregor Robertson drove with Jay Giraud (CEO of REV) in a fully electric Rapid Electric Vehicle. Mayor Robertson was on his way to the “Ready to Rocket” event where REV, along with four other GreenAngel investee companies were named as companies likely to succeed in the near future. Mayor Robertson enjoyed driving the car, which he also packed his bicycle into, from Vancouver City Hall to the theatre.
In December 2010, GreenAngel Energy’s investee company Rapid Electric Vehicles (REV) began a contract with Honeywell Aerospace, and the US Military (Specifically the Tank/Automotive Research Centre – TARDEC) to supply four patented bi-directional APV’s. The APV fleet (Ancilliary Power Vehicles) is made up of 3 converted Ford Escapes and 1 Converted Ford F-150. The first of four electric vehicles has already been delivered.