Market for vehicle-to-grid EVs to expand to 250,000 by 2022
So says a recent report from Navigant Research, which predicts that more than 250,000 V2G-enabled PEVs will be sold worldwide from 2013 to 2022.
‘Plug-in electric vehicles can provide services to the grid by changing the rate at which they consume power, thereby reducing peak loads, or by providing power back to the grid, helping to balance loads on the grid,’ said Scott Shepard, research analyst with Navigant Research. ‘The benefits to operators also include smoothing the integration of renewable energy resources and generation revenue from ancillary services markets.’
The US Department of Defense has been a significant proponent of V2G technology. In early 2013, the Department announced that it would invest close to $20 million to install 500 V2G-enabled PEVs in military bases in specific U.S. electricity markets by the end of the year. Additionally, demonstrations and pilot projects using fleet vehicles in the United States, various Western European countries, and Japan indicate that V2G technologies can serve as effective assets in various grid services, the report finds.For more of the latest industry news, click here.