Domestic vehicle-to-grid (V2G) can deliver ancillary services to the UK’s electricity network and earn revenues, but what is thought to be the world’s biggest trial of the technology has found that the costs of associated hardware are still too high for many consumers.
ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
V2G can significantly reduce energy system greenhouse gas emissions, as well as ensure resilience in the event of power outages and prolong the battery life of an EV, according to a review of nine projects across Europe.
An electric vehicle-to-grid (V2G) charging system, which allows for bi-directional flows of power from US maker Fermata Energy has become the first to receive certification under a new standard introduced by UL.
Energy storage company Moixa, together with automotive giant Honda, have launched a vehicle to grid (V2G) project at Islington Town Hall that will help to provide constraint management for the building, as well as facilitate a switch to electric vehicles.