One Line
The article discusses the potential for V2X technology, including V2G, to provide grid-connected storage and stabilize the grid while offering an additional revenue stream for EV owners, with examples of successful programs launched by OVO, Nissan, and Kaluza.
Key Points
- V2G technology allows electric vehicle owners to sell surplus energy back to the grid, potentially stopping 146,239 tonnes of carbon being produced each year by 2030.
- V2X technology enables the bi-directional flow of power and data between EVs and external systems using hardware and software, including V2G, V2H, and V2B.
- The need for flexibility in power systems is demonstrated through the hourly fluctuation of electricity demand and supply from the annual average for all the regional power systems modeled globally.
Summaries
259 word summary
The excerpt is a navigation menu for DNV's website, listing their various business areas and services. The article discusses the need for flexibility in power systems due to the increasing use of renewable energy sources. Dispatchable generation, interconnections with neighboring nations, hydrogen production, and energy storage are all potential solutions. V2X systems, including V2G, V2H, and V2B, allow for bi-directional flow of power and data between EVs and external systems, providing grid-connected storage for overall flexibility. The article discusses the world's first and largest domestic vehicle-to-grid (V2G) program launched by OVO, Nissan, and Kaluza. The program uses real-time market signals to manage EV charging and offers customers the ability to optimize charging for the cheapest and greenest energy. V2X technology has the potential to stabilize the grid, provide additional flexibility, and offer an additional revenue stream for EV owners. The article also discusses the potential of V2G technology, which allows EV owners to sell surplus energy back to the grid. The INFLEXION consortium is working on the world's first vehicle-to-everything trial using V2G technology, which has the potential to stop 146,239 tonnes of carbon being produced each year. The partnership between Kaluza, OVO Energy, and Nissan showed that V2G has the potential to save £3.5bn per year on grid infrastructure reinforcement and customers can earn an average of £420 to £800 per year without needing to do anything except keep their cars plugged in when they are not in use. The document also promotes DNV's Energy Transition Outlook, which forecasts the global energy mix, supply, and demand through 2050.
726 word summary
The excerpt contains information about cookies and privacy preferences, which can be managed through the Privacy Preference Center. The website uses cookies to collect information and improve user experience. The document also promotes DNV's Energy Transition Outlook, which forecasts the global energy mix, supply, and demand through 2050. The article discusses the potential of vehicle-to-grid (V2G) technology, which allows electric vehicle owners to sell surplus energy back to the grid. The INFLEXION consortium, which includes Kaluza, Volkswagen Group UK, OVO Energy, and Indra, is working on the world's first vehicle-to-everything trial using V2G technology. By 2030, smart charging of this kind has the potential to stop 146,239 tonnes of carbon being produced each year. The trial showed a high level of satisfaction among customers, with 93% reporting satisfaction with their V2G hardware. The partnership between Kaluza, OVO Energy, and Nissan showed that V2G has the potential to save £3.5bn per year on grid infrastructure reinforcement and customers can earn an average of £420 to £800 per year without needing to do anything except keep their cars plugged in when they are not in use. The document discusses the world's first and largest domestic V2G program launched by OVO, Nissan, and software provider Kaluza. The program intelligently manages the charging of EVs by analyzing real-time market signals and integrating with V2G charge points. Customers can use Kaluza's intuitive app to optimize charging for the cheapest and greenest energy. The development and implementation of V2X is region-specific and reliant on charging infrastructure, grid capacity, and supportive policies. Barriers to adoption include high upfront costs, limited availability of charging infrastructure and grid capacity, and the lack of interoperability and standardization between different systems and technologies. However, V2X technology has the potential to stabilize the grid, provide additional flexibility and balancing services, and offer an additional revenue stream for EV owners. V2X systems enable the bi-directional flow of power and data between EVs and external systems using hardware and software such as vehicle controllers, inverters, and communication protocols. The EV is equipped with a bi-directional charger that can charge the vehicle's battery and discharge energy back to the grid or home/building. V2X technologies include V2G, V2H, and V2B, which have the potential to revolutionize the way we use and manage energy in transportation and buildings. V2G enables EVs to provide power back to the grid during periods of high demand and recharge during low demand. V2H and V2B allow homes and buildings to be supplied with power stored in the EV's battery, serving as a backup energy source. Leveraging the battery capacity of EVs for storage provides grid-connected storage for overall flexibility. Dispatchable generation and interconnections with neighboring nations will remain essential for ensuring flexibility in the UK's power system. The production of hydrogen using inexpensive electricity is another means of enhancing flexibility, with most of the hydrogen destined for hard-to-electrify aspects of manufacturing or to be used as e-fuels in the aviation and maritime sectors. Rising variability in electricity supply will trigger fluctuations in wholesale prices, presenting an opening for energy storage to offer greater flexibility. However, storage providers must brace for stiff competition from alternative solutions. Solar energy will account for 10% of the UK's electricity production by 2050, while onshore and offshore wind power will provide two-thirds of the total output. The need for flexibility in power systems is demonstrated through the hourly fluctuation of electricity demand and supply from the annual average for all the regional power systems modeled globally. The power system needs to be monitored continuously in real-time to ensure that the amount of electricity produced matches the amount used. V2G and V2X technology can leverage the battery capacity of the growing EV fleet to enhance flexibility in power systems. The article summarizes the results from the UK-based tech company Kaluza's V2G technology rollout. As more renewable energy sources are used, there is an even greater need for power systems to be flexible and adaptable to balance supply with demand. The text excerpt is a navigation menu for DNV's website, listing their various business areas and services. It includes categories such as careers, rules and standards, digital solutions, supply chain and product assurance, energy systems, maritime, and more. It also provides links to DNV's local websites and global website, as well as a search function and a sign-in option for their Veracity data platform.