OVO announces success in vehicle to grid competition
Tom Pakenham, Head of Electric Vehicles, OVO said:
“We’re delighted to win the Innovate UK grant and look forward to collaborating with our partners to develop this innovative technology that will help balance the grid. Since launching our EV Everywhere bundle last year we’ve helped customers have more control over their total energy usage. By developing vehicle-to-grid technology we’re taking this one step further, enabling drivers of electric vehicles to sell energy back to the grid at peak times. This in turn will help to balance the grid and maximise the use of renewables in the energy system.”
This is part of the Vehicle-to-Grid competition, funded by the Office for Low Emission Vehicles (OLEV) and the department for Business Energy and Industrial Strategy (BEIS), in partnership with Innovate UK.
In January 2018, OLEV and BEIS announced that 21 projects (8 feasibility studies, 5 collaborative research and development projects, and 8 real-world v2g trial projects) were to receive funding of c£30m to develop the business proposition and core technology around V2G, and demonstrate those with large scale trials. The projects involve more than 50 industrial partners and research organisations from both the Energy and Automotive sector, marking the largest and most diverse activities on V2G in the world, and trialling more than 2700 vehicles across UK.
The V2G projects represent a significant step towards the transition to a low carbon transportation and a smart energy system. Allowing EVs to return energy to the Power Grid when parked and plugged for charging, will increase Grid resilience, allow for better exploitation of renewable sources and lower the cost of ownership for EV owners, leading to new business opportunities and clear advantages for EV users and energy consumers.