Full Title: The Electrification Era I Scaling Up Electric Vehicles
Author(s): Grid Beyond
Publisher(s): Grid Beyond
Publication Date: July 29, 2023
Full Text: Download Resource
As more renewable energy sources are used, power systems must become more flexible and adjustable to balance supply with demand. To achieve this, services are required that span from fractions of a second to seasonal time scales. Solar and wind power will become increasingly critical, but their intermittent nature will result in nearly twice the annual variability in residual demand compared to today. EVs have the potential to provide grid-connected storage and in doing so revolutionise the way we use and manage energy.
In this white paper we examine the concepts of vehicle-to-grid (V2G) and vehicle-to-everything (V2X) technology, the landscape for EV fleets and the opportunities for businesses to not only secure additional revenues but to further boost their green credentials by helping the grid to increase levels of renewables generation in the energy mix.