Pluglink Launches Full-Scale Carbon Credit Business Leveraging EV Charging Data

Electric vehicle charging platform company Pluglink is emerging as a key player in responding to climate change, going beyond simply providing charging infrastructure. By leveraging the vast data accumulated during the charging process, they have successfully verified their greenhouse gas reduction achievements and are now officially entering the voluntary carbon credit market. Pluglink precisely analyzed charging volume and power efficiency data collected from approximately 37,000 chargers nationwide, proving a significant greenhouse gas reduction of 130,000 tons by October of this year. This is an immense scale, equivalent to the amount of carbon emitted by approximately 54,000 internal combustion engine passenger cars in one year. With the government's upward revision of the 2035 National Greenhouse Gas Reduction Target (NDC), corporate reduction efforts are more crucial than ever. Pluglink plans to meticulously identify regional and time-specific charging patterns through its independent operating system based on a single platform, and continuously expand its reduction achievements and the scale of carbon credit issuance based on this. These achievements are thanks to the application of innovative technologies that maximize energy efficiency, such as Vehicle-to-Grid (V2G), Plug and Charge (PnC), and smart charging control. In fact, on November 27th, Pluglink was recognized for its contributions and received a commendation from the Minister of Climate, Energy, and Environment, officially acknowledging its technology and contribution externally. Pluglink is actively seeking ways to create new revenue models by linking the reduction achievements secured through this initiative with the global Voluntary Carbon Market (VCM). Profits generated from carbon credit trading will be reinvested into strengthening core competencies such as expanding charging infrastructure, enhancing service stability, and advancing smart charging technology, thereby establishing a virtuous cycle. Kang In-cheol, CEO of Pluglink, stated, "We have confirmed that charging infrastructure can genuinely contribute to national carbon reduction beyond merely being a means of transportation," and expressed his ambition to "expand the role of charging infrastructure as a climate tech company and establish ourselves as a leader in the global reduction market." Pluglink is now a key driving force leading the era of eco-friendly mobility and taking an important step towards a carbon-neutral society.