Electricity Grid Schematic English (Photo credit: Wikipedia)
How can EVs help or hurt the electric grid?
A potentially lucrative new market is emerging around the exchange of energy between plug-in vehicles and the electrical grid, particularly as more low-carbon power generation sources come online.
So-called vehicle-to-grid (V2G) technologies are enabling electric vehicle (EV) batteries to provide ancillary services to the grid that can complement intermittent renewable energy sources or shave demand during peak hours — something utilities, automakers and consumers are seeing as a business opportunity.
According to a new report by Navigant Research, global V2G frequency regulation revenue is expected to reach $190.7 million by 2022. North America represents the strongest initial market opportunity for EVs as a grid service.
The U.S. Department of Defense is making a big bet on V2G technology as a way to reduce dependence on foreign oil and cut down on its enormous energy bill. Earlier this year, DOD announced it will invest $20 million to test 500 V2G-enabled electric cars, the largest pilot project of its kind (Greenwire, Feb. 5, 2013).
Several large automakers, including Toyota Motor Corp., General Motors Co. and BMW AG, are also interested, viewing grid services as a way to boost the value of the EVs they produce.
But while it’s technically feasible to hook electric vehicles up to the grid and leverage their energy storage capacity, it may not be all that desirable in practice.
One problem is that vehicles are inherently mobile.
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V2G
- Siemens signs MoU with Hinduja Group for electric vehicles charging infrastructureon April 9, 2021 at 1:22 am
According to Siemens, it would also collaborate with Switch Mobility on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as ...
- Volkswagen wants to stabilise grid by adding V2G in all its electric carson April 6, 2021 at 6:51 pm
The VW Group wants to become the first major car-maker to start rolling out “vehicle-to-grid” (V2G) technology in all its electric cars to sell services back to the electricity grid and help stabilise ...
- Pecan Street Announces the Winner of its Vehicle-to-Grid University Challengeon April 6, 2021 at 2:16 pm
Pecan Street selected a team from the University of Illinois at Urbana-Champagne as the winners of the Vehicle-to-Grid (V2G) University Challenge. Pecan Street launched the global competition in ...
- Hummer EV SUV, Mercedes EQS, SK Innovation, California V2G: Today’s Car Newson April 5, 2021 at 8:55 am
California looks at how utilities in the state might use V2G technology to balance the grid. SK Innovation is back in the U.S. battery game. The GMC Hummer EV SUV gets pricing, feature details, and ...
- California considers electric-car V2G charging tech for grid stabilityon April 5, 2021 at 6:32 am
California regulators now hope to bring so-called "vehicle-to-grid" (V2G) technology into focus. V2G requires cars that can discharge power back into the grid, something that isn't widely ...
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V2G
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Vehicle-to-grid
- Future Volkswagen Electric Models Will Get Bidirectional Charging Capabilityon April 12, 2021 at 9:00 pm
With bidirectional charging capabilities, Volkswagen's future EVs could be capable of establishing a vehicle-to-grid interface. With advancements in battery technology, it has become evident that ...
- Siemens signs MoU with Hinduja Group for electric vehicles charging infrastructureon April 9, 2021 at 1:22 am
According to Siemens, it would also collaborate with Switch Mobility on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as ...
- Vehicle to Grid Technology to Generate Secondary Power Source-Technavioon April 9, 2021 at 12:24 am
Disclaimer | Commerce Policy | Made In NYC | Stock quotes by finanzen.net NEW YORK, April 9, 2021 /PRNewswire/ -- Technavio has been monitoring the vehicle to grid market and it is poised to reach ...
- Vehicle to Grid Technology to Generate Secondary Power Source-Technavioon April 9, 2021 at 12:20 am
The vehicle to grid market is set to register a decelerating CAGR of over 31% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, latest trends and ...
- Pecan Street Announces the Winner of its Vehicle-to-Grid University Challengeon April 6, 2021 at 2:16 pm
Pecan Street selected a team from the University of Illinois at Urbana-Champagne as the winners of the Vehicle-to-Grid (V2G) University Challenge. Pecan Street launched the global competition in ...
