V2G tech soon to be economically viable, ready to deliver millions in consumer benefits

Vehicle-to-grid (V2G) EV chargers could be economically viable in the near term and save hundreds of millions of pounds in grid costs, but only if the industry can deliver specific conditions.

That is the principal finding from a new report on the technology, published this week on the back of a government-funded competition surrounding the nascent technology.

The ‘Vehicle to Grid Britain’ report, led by Element Energy, forms part of the V2G competition funded by both the Office for Low Emission Vehicles (OLEV) and the Department for Business, Energy and Industrial Strategy (BEIS) and supported by Innovate UK.

OVO Vehicle-to-Grid (V2G) charging (Image: T. Larkum/Fuel Included)

OVO Vehicle-to-Grid (V2G) charging (Image: T. Larkum/Fuel Included)

It has garnered insight from consortium members including Nissan, Energy Systems Catapult, Cenex, WPD, National Grid ESO and Moixa, and produced a series of conclusions that it says uncovers both near-term niches and longer term opportunities for V2G.

Crucially, the report concludes that residential V2G charging could make economic sense in the near term, but only if a set of ideal operating conditions are met.

Read more: Current News

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