Quasar’s unique technology will deliver vehicle-to-grid and vehicle-to-home functionality that will transform the energy ecosystem by enabling consumers to feed energy stored in their EVs back to the grid or to their homes
Octopus Electric Vehicles started installing the first units of Quasar as part of its energy management solution across the UK in August
LONDON–(BUSINESS WIRE)– Wallbox, the leading energy management company that manufactures smart EV charging solutions, will partner with Octopus Electric Vehicles to introduce its latest game-changing technology into homes across the UK.
Quasar, the world’s lightest and smallest bi-directional charger for the home, was first announced in June of last year. Wallbox has now started to deliver the first pre-ordered units, and the UK is the first market to have the product available.
In addition to providing DC charging capabilities for EVs, Quasar allows owners to pull energy from their cars’ batteries and export it into the grid, a capability referred to as vehicle-to-grid or V2G, as well as to power their own homes, known as vehicle-to-home or V2H, effectively converting their EVs into a powerful energy storage unit that can replace or add capacity to an energy system.
The partnership with Octopus Electric Vehicles will be focused on the V2G technology.
Enric Asunsión, CEO of Wallbox, explains the importance of this technology in the future of energy management: “There are three trends accelerating that will cause a paradigm shift in how we produce, store and use energy: rising demand for energy worldwide; electrification of the mobility sector; and the increase in production of renewable energy as a positive response to climate change. The new possibilities that emerge with this scenario will require technology to harness their potential. At Wallbox we are creating the first generation of products that will give consumers the ability to use their EVs as a source of energy for the grid or the home.”
Wallbox creates smart charging systems that combine state-of-the-art technology with exceptional design, creating an intelligent ecosystem between car, charger and home. With Quasar, the company is bringing the grid into this ecosystem, giving consumers more control over how and when they use their energy.
As explained by Eduard Castañeda, co-founder and Chief Product Officer, “An EV stores enough energy to power a home for multiple days, and most drivers only use a fraction of this capacity on their daily commute. By enabling the transfer of energy to and from the battery to the grid and the home, consumers are empowered to use and share their energy in ways we didn’t even imagine until recently.”
Octopus Electric Vehicles offer Powerloop, the complete V2G package for a consumer: a lease on a brand new Nissan LEAF, a Quasar charger, a smart meter and a green energy tariff compatible with the charger. Using a dedicated app, the customer can ‘set and forget’ their charging schedule, and earn up to £30 cashback every month, just for allowing the car battery to be used to help the energy system.
Powerloop is Octopus Electric Vehicles’ market-leading large scale demonstration project for residential vehicle-to-grid. Octopus Electric Vehicles secured £3 million from Innovate UK, funded by the Department for Business, Energy and Industrial Strategy (BEIS) and the Office for Low Emission Vehicles (OLEV), to roll out V2G technology to over 130 homes in a consortium alongside their sister company – the green energy supplier Octopus Energy – and others including UK Power Networks (UKPN).
“The Wallbox Quasar enables us to bring V2G charging technology to our customers on the Powerloop project. We envisage a connected world of energy where your car is capable of supporting and strengthening the grid at times when renewable energy is abundant or when demand is high,” says Claire Miller, Director of Technology & Innovation at Octopus Electric Vehicles.
Read more: Street Insider
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