V2G AND PLUG IN CARS AS ENERGY STORAGE EMERGING

Vehicle to Grid Technologies; V2G Applications for Demand Response, Frequency Regulation, Microgrids, Virtual Power Plants, and Renewable Energy Integration

4Q 2013 (Navigant Research)

"Vehicle to grid (V2G) technologies…[are] beginning to emerge in revenue-generating applications. The U.S. Department of Defense (DOD) has been a significant proponent of the technology, investing around $20 million in 2013…[D]emonstrations and pilot projects using fleet vehicles in the United States, several Western European countries, and Japan are beginning to show returns and prove that V2G technologies can serve as effective assets in various grid services…[E]conomies with expected high penetrations of PEVs, like China, are likely to adopt electricity market structures and rules that enable greater opportunities for V2G business models…Increased percentage penetrations of wind and solar in specific countries and regions will create a greater need…Navigant Research forecasts that global V2G frequency regulation revenue will reach $190.7 million by 2022…” click here for more

click to enlarge

Tweet