£30m Government investment in vehicle-to-grid technologies
New technology which will unlock the potential for electric vehicles to help power people’s homes is being boosted by almost £30 million in Government funding.
The investment in 21 vehicle-to-grid (V2G) projects could enable electric cars and other vehicles to deliver electricity back to the smart grid, to light homes and power businesses.
The funding will pay for research and design and development, with the aim of exploring and trialling both the technology itself and commercial opportunities.
These schemes, including EDF Energy’s V2GO scheme, will demonstrate how energy stored in electric vehicle batteries could be borrowed by the electricity system during peak hours, before being recharged during the off-peak in time for their drivers to set off on their next journey.
The V2GO scheme is a large-scale demonstration of V2G charging in Oxford using 100 electric fleet vehicles (cars and vans) from a number of organisations including several delivery and taxi companies.
The project will develop, trial and evaluate potential business models for fleet operators’ use of electric vehicles and their suitability for V2G charging.
Transport Minister Jesse Norman said: “As the number of electric vehicles grows and their battery capabilities increase, there is a huge opportunity for them to make a significant contribution to a smart grid.
“These projects are at the cutting edge of their field. Just like the visionary designs of Brunel and Stephenson in transport, they could revolutionise the ways in which we store and manage electricity, both now and in the future.”