The world’s biggest carmaker is aiming to be a major power player – via electric vehicle batteries.
Chief strategist Michael Jost told journalists that VW is aiming to amass 350GWh of storage at its disposal by 2025, Reuters reports.
By 2030 the total would grow to 1 terawatt hour, he suggested.
“We can guarantee that the energy will be used and stored and this will be a new area of business”, said Jost. Grid balancing is a preferred option.
VW announced last year its intention to launch Elli, its branded energy company, supported by a €30billion investment in the next five years in e-mobility and V2G.
Nissan told The Energyst last year that the storage within its 400,000 Leaf vehicles already represented “about 4 gigawatts already connected to the grid,” if all were connected via 10kW bi-directional chargers.
Meanwhile Honda is pushing in that direction, with BMW also trialling V2G.
Energy companies have suggested that electric vehicles could provide as much as 11GW of flexibility in the UK alone by 2030.
Interested in smart charging and vehicle to grid? Then be sure to attend The Energyst’s free EV event, 27-28 October, Silverstone. Details here.
EVs: Co-ordinate charging or blow CO2 budgets and risk new ‘super peak’
Kaluza: EVs can displace large scale battery storage
Vehicle-to-grid: Are we nearly there yet?
Calling all fleet operators: Free vehicle-to-grid charging infrastructure
Vehicle-to-grid study suggests £400 annual revenue per electric vehicle
Nissan eyes gigawatts of vehicle to grid power
Smart charging trumps V2G – for now
Electric vehicle boom no sweat, says National Grid
Electric vehicles ‘won’t require new power stations’, say analysts
Northern Powergrid: EVs a resource not a problem
EVs ‘could provide 11GW of flex’
National Grid focuses on bringing smaller firms and EVs into flexibility
Carmakers become aggregators as DNOs fear overnight EV boom
Tesla: People don’t engage with energy bills, but they will have to
Flexitricity chief: UK has enough spare power electrify every car on the road
Click here to see if you qualify for a free subscription to the print edition of The Energyst, or to renew.
Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.