Vehicle-to-grid (V2G) technology company, Nuvve Corporation, and American Honda Motor have entered into an agreement to demonstrate the benefits of electric vehicles (EVs) that are VGI-ready.
Most EV charging systems on the market today are unidirectional, meaning they can only receive energy when plugged in, but VGI-enabled EVs transfer power bidirectionally allowing them to both charge and discharge energy to the electric grid.
The demonstration will feature Honda vehicles that have bidirectional-capable charging systems as part of the INVENT project, a Nuvve-directed project at the University of California San Diego. Funded by a 4 million dollar grant from the California Energy Commission, the project is using 50 EVs, including Honda vehicles, to test multiple services to the electric grid ranging from demand charge management and frequency regulation to renewable energy capacity firming.
To accomplish this, Nuvve’s software aggregation platform, GIVeTM, will be simultaneously connected to multiple EVs using unidirectional and bidirectional charging stations to compare the value of these services.
Nuvve’s GIVeTM platform enables EV batteries to store energy and discharge energy when needed, such as when demand on a local electric grid is high or renewable energy sources (i.e. wind and solar) are unavailable.
The technology also enables stored energy to be sold back to energy markets, creating a stream of revenue that can be shared with EV owners. Between this and intelligent charging – charging when electricity rates are the lowest – VGI-enabled charging can help lower the cost of EV ownership.
Additionally, when multiple EVs, such as electric buses or other fleets, are plugged into the same system at once,
GIVeTM can create a virtual power plant (VPP) from the EV batteries. This can be especially helpful with microgrids, such as the UC San Diego campus, or in remote areas such as islands that do not have a robust electricity infrastructure.
Source: Press Release