The automotive industry continues to be a hotbed of patent innovation. Governments around the world are implementing regulations and incentives to promote the adoption of vehicle-to-grid (V2G) technology. The technology is rapidly advancing, with companies developing new and more efficient V2G systems, increasing awareness of the technology, and reducing cost of V2G power management systems, as well as growing importance of technologies such as bi-directional charging and energy management systems. In the last three years alone, there have been over 1.7 million patents filed and granted in the automotive industry, according to GlobalData’s report on Smart grids in automotive: V2G power management. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over one million patents to analyze innovation intensity for the automotive industry, there are 300+ innovation areas that will shape the future of the industry.
V2G power management is a key innovation area in smart grids
Vehicle-to-grid power management is the process of managing the bi-directional flow of power between an electric vehicle and the power grid. This involves controlling when and how much power is drawn from or injected back into the grid, as well as managing the charging and discharging of the vehicle’s battery.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 40+ companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of V2G power management.
Key players in V2G power management – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to V2G power management
Source: GlobalData Patent Analytics
Toyota Motor is one of the leading patent filers in V2G power management. The company's V2G power management innovation is a technology that allows electric vehicles (EVs) to send power back to the grid. This can help to stabilize the grid and reduce reliance on fossil fuels. Some other key patent filers in the space include Honda Motor, Gogoro, and WiTricity.
In terms of application diversity, Causam Energy leads the pack, while Huawei Investment & Holding and Robert Bosch Stiftung stood in the second and third positions, respectively. By means of geographic reach, AES held the top position followed, by Causam Energy and Gogoro.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalData’s latest thematic research report on Automotive.