EDF Energy is to partner with green technology company, Nuvve, to install up to 1,500 Vehicle to Grid (V2G) chargers in the UK.
The chargers will be offered to EDF Energy’s business customers and will be used at its own sites to provide up to 15 megawatts of additional energy storage capacity, enough to power 4,000 homes.
The stored electricity will be made available for sale on the energy markets or for supporting grid flexibility at times of peak energy use.
Smart charging is expected to play a significant role in balancing the grid as the country moves towards wider adoption of electric vehicles (EV).
V2G chargers allow a two-way flow of electricity between an EV and the charger, representing a potentially valuable opportunity to further enhance the electricity system benefits of EVs through provision of large volumes of cheap storage and flexibility.
Using the V2G chargers, EVs give unused electricity back to the charger for customers to either use the energy themselves, send it back to the grid, or to participate in energy markets, providing savings on energy costs and generating additional revenues.
More than 1m new vehicles are bought by businesses each year and the UK government has pledged by 2030, at least 50% of new cars and 40% of new vans sold in the UK will be electric.
“With 55% of new vehicles coming on to the road through businesses, they will play a key role in the transition to electric transport,” said EDF Energy MD, Beatrice Bigois.
“Through this partnership with Nuvve, we are investing in technologies that will help our business customers electrify their fleets in a cost effective way and support the UK’s ambition for clean growth.”
EDF Group and Nuvve have also inked an agreement with a view to forming a joint venture to develop the solutions in Europe. The San Diego-based green energy technology company has deployed V2G projects on five continents including the world’s first fully commercial V2G hub in Denmark, which has been operational for two years now.
Earlier this month, EDF president, Jean-Bernard Lévy detailed the Group’s plans on electric transport, including its plan to be the leading energy company for EVs by 2022 across its four largest European markets: France, the UK, Italy and Belgium.