THE ARRIVAL OF V2G

Nearly 100,000 Vehicles to be Enabled with Vehicle to Grid Technologies by 2017
November 15, 2011 (Pike Research)

"The batteries used in plug-in electric vehicles (PEVs) will be increasingly utilized by property owners and grid operators to provide a wide variety of energy services…Vehicle to grid (V2G) technologies, over time, will represent a more and more favorable alternative to investing in new power generation assets…

"…By 2017, according to a new report from Pike Research, approximately 90,000 light-duty vehicles and an additional 1,500 medium/heavy duty trucks will be enabled with V2G technologies, creating a strong foundation for V2G-based demand response, vehicle to building, frequency regulation, and other ancillary service applications…"

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"…[T]he highest demand for V2G, especially in the early years, will be in energy markets that are more open to new technologies and with higher concentrations of intermittent renewable power. As adoption grows, V2G will compete with traditional generation sources as well as with emerging technologies, such as stationary battery storage, for revenue from ancillary services such as frequency regulation and demand response.

"Pike Research’s analysis indicates that investment in V2G by automakers, utilities, and energy aggregators will be strongly influenced by the global and regional penetration of PEVs. Dozens of PEVs must be aggregated in a given area to produce sufficient power capacity to interest grid operators…The number of vehicles that could participate in V2G will grow from just over 100,000 light duty vehicles in 2011 to more than 5 million in 2017. But substantial investment in infrastructure and vehicle-based technology will be necessary to enable V2G services on a large scale…"