What is PowerBank?
PowerBank is the first step towards a more sustainable and developed grid. It is Monta’s preventative solution that detects imbalances in the electrical grid and briefly pauses current charging sessions to prevent blackouts.
With PowerBank, charge point owners are helping their community by preventing blackouts and earning Monta Wallet credits as a reward. It's a smart way to keep the electricity flowing smoothly while supporting the transition to EVs.
The problem
The current electricity grid was built many years ago and is struggling to keep up with the increasing electricity demand.
Unexpected spikes can overload the system, leading to blackouts, whereas excess energy can be wasted without proper storage capability during low demand.
When there is a shortage of traditional energy sources, power plants may be forced to scale back or shut down, leading to a strain on the grid and potential energy shortages.
The unpredictable nature of renewable energy sources like solar and wind power has made electricity generation more volatile.
This combination of factors, along with overconsumption, significantly raises the risk of sudden outages and blackouts that can impact large areas in a matter of seconds.
What is Monta’s solution?
What can PowerBank do for you?
With PowerBank integrated into your charge points, you create a resilient energy grid, mitigate potential blackouts, and support grid stability.
You earn Monta credits for each kWh charged. You can earn up to 5 EUR a month per charge point in Monta Wallet credits. Earnings vary based on the market's electricity price and are received after each charge. The credits can be used for charging in Monta's Roaming network, paying subscriptions, or purchasing items such as SIM cards, QR stickers, RFID cards, and more in the Monta Shop.
Want to be one of the first to
try out PowerBank?
PowerBank will be live in December, so don’t miss your chance to be one of the early users in the UK and Ireland. You can already sign up your charge points through the app or portal!
FAQ
How do I sign up for PowerBank?
PowerBank will be automatically enabled on all compatible charge points operated by Monta (home chargers) from February 1st, 2024, and on charge points operated by professional charge point operators from March 1st. This automatic enrolment is an update to our Terms of Use and will initially be implemented in Eastern Denmark, with plans to expand to the rest of Denmark, Sweden, the UK, and Ireland in the following months.
You can opt out of PowerBank by referring to our guides for app and portal users.
Do I have to pay for PowerBank?
PowerBank, like any other Monta feature, is free and subscription-free. You will need to simply opt in to access PowerBank and start helping to balance out the grid.
For how long will my charge be paused?
The duration of the pause is difficult to estimate and can vary depending on grid conditions. The pause will not affect the overall charging experience of the vehicles using your charge points - charging will simply be delayed temporarily until the grid imbalance is resolved.
Why are we doing this?
It is Monta’s constant goal to future-proof the EV ecosystem. With increasing volatility and unpredictability in electricity generation and consumption, there is an increased possibility of blackouts or outages that can affect the lives of many.
Monta's solution to the issue of power outages is simple: detect the imbalance of the grid, temporarily pause your ongoing charge, and we can all prevent blackouts.
How does PowerBank benefit me?
By welcoming you as a user of PowerBank, Monta is empowering you to be part of the solution to your country's energy problems by allowing us to pause and restart the charging of electric vehicles when the grid needs it most.
In exchange, you can receive Monta Wallet credits, depending on the amount of electricity used for EV charging.
