The DOE grant will support research aimed at reducing the current costs of EV chargers and developing smart charging capabilities that support power grid efficiency and consumer demand.

The grant, awarded to Siemens Corp, Corporate Research and Technology will be supported by nearly $750,000 in matching research funding, which is an investment shared with Siemens Low Voltage Electronics.

Siemens Low Voltage Electronics is the group responsible for Residential Electric Vehicle Supply Equipment and a business unit of Siemens Infrastructure and Cities.

Collaborating with Siemens in the overall development effort are Duke Energy and Ford Motor Company who will focus its efforts on validating concepts intended for their respective industries and markets.

US Energy Secretary Steve Chu said developing smart electric vehicle chargers will provide more options to consumers and accelerate the build-out of the charging infrastructure in ways that strengthen the grid.