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.
Go deeper with Bing News on:
V2G
- Vehicle-to-Grid (V2G) Charging: A Way for EV Owners to Make Money or a Pipe Dream?
Power from EV batteries could become part of a larger smart grid solution—but lots of pieces must fall into place first.
- Global Vehicle-to-Grid (V2G) Technology Market Size To Worth USD 123.5 Billion By 2033 | CAGR of 42.03%
The Global Vehicle-to-Grid (V2G) Technology Market Size to Grow from USD 3.7 Billion in 2023 to USD 123.6 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 42.03% during the forecast period.
- Could electric vehicles feed China’s grid?
In January, China’s biggest trial of two-way charging took place in Wuxi, Jiangsu. Across 30 minutes, 50 electric vehicles (EVs) discharged almost one megawatt-hour into the grid – enough electricity ...
- Zum to Convert Oakland School Bus Fleet to 100% Electric, V2G Capability
Oakland Unified School District (OUSD) will be the first major school district in the U.S. to transition to a 100% electrified school bus system with ...
- Oakland is now first in the US to have a 100% electric school bus fleet – and it’s V2G
An Oakland, California, school district is now the first in the US to transition to a 100% electric school bus system with V2G technology.
Go deeper with Google Headlines on:
V2G
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Go deeper with Bing News on:
Vehicle-to-grid
- GM Energy: Selling Ultium—No Vehicle Purchase Necessary!
General Motors will market fuel-cell power and Ultium energy-storage tech to customers needing power resiliency.
- Vehicle-to-Grid (V2G) Charging: A Way for EV Owners to Make Money or a Pipe Dream?
Power from EV batteries could become part of a larger smart grid solution—but lots of pieces must fall into place first.
- The first electric school bus fleet in the US will also power Oakland homes
Battery-powered school buses in Oakland are expected to cut emissions and supply enough electricity to the grid for at least 300 homes.
- The tale of two households: behind the new grid charges for excess solar
Australia has the highest rooftop solar penetration in the world, which brings both opportunities for decarbonisation and challenges for the grid.
- Global Vehicle-to-Grid (V2G) Technology Market Size To Worth USD 123.5 Billion By 2033 | CAGR of 42.03%
The Global Vehicle-to-Grid (V2G) Technology Market Size to Grow from USD 3.7 Billion in 2023 to USD 123.6 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 42.03% during the forecast period.
Go deeper with Google Headlines on:
Vehicle-to-grid
[google_news title=”” keyword=”vehicle-to-grid” num_posts=”5″ blurb_length=”0″ show_thumb=”left”]
