Octopus Energy has joined forces with EV maker BYD, to announce the launch of a new vehicle-to-grid (V2G) bundle.
The Power Pack Bundle – priced at under £300 a month – will include a leased V2G-ready BYD Dolphin, a bi-directional Zaptec Pro charger and access to a smart tariff that offers free home charging.
V2G allows EVs to charge when electricity is cheap and send it back to the grid at peak times when electricity is expensive.
Powered by Octopus Energy Group’s tech platform, Kraken, drivers plug in overnight and the fully automated process guarantees free charging at home for every mile driven during the lease.
This is the first time V2G technology is built into the car itself, eliminating the need for a costly first-generation V2G charger.
Octopus and BYD have also partnered with Motability Operations, the UK’s largest leasing company, to make the V2G technology available to disabled people across the country.
The Power Pack Bundle will be available later this year.
Greg Jackson, Founder of Octopus Energy Group, said, “Bi-directional charging is the game-changer for drivers and the grid.
“By using some of the battery’s spare capacity to help balance the grid, we can offer free driving. V2G is going to revolutionise our energy system and help drive costs down.”
Stella Li, Executive Vice President of BYD, said, “BYD is fully committed to making intelligent, innovative, sustainable technologies available to our customers, and this project will allow them to unlock the full potential of electric vehicles – not just as transport but as dynamic assets that can play a key role in supporting the grid.”
