Today blockchain alliance Energy web announced a partnership with Volkswagen Group innovation to explore the integration of electric vehicle (EV) charging points. The idea is to use electric vehicle batteries to store excess renewable energy, which can then be released into the main grid when demand for energy exceeds supply.
âEnd-to-end transparent participation in the electricity market for electric vehiclesâ is the objective of the partnership. Participation will include Electrify America (or rather its public key infrastructure).
Electrify America is a subsidiary of Volkswagen (VW) with more than 500 charging sites in the United States, created by VW in 2016 as part of its settlement over the VW Diesel scandal. The company is committed to investing $ 2 billion in zero emission vehicle charging infrastructure.
While electric vehicles help reduce emissions, a second set of environmental benefits can be derived from batteries. As distributed energy resources (DERs) such as solar panels and wind farms become more integrated into the electricity grid, energy sources become less consistent. This is because you cannot turn the wind or the sun on and off the same way you can with generators. What is needed is the ability to balance the grid by having additional energy storage and EV batteries are sufficient.
âWith this partnership, we want to accelerate electric mobility and deliver even more value to electric vehicle customers,â said Jesse Morris, Commercial Director of Energy Web. âOne of the solutions is to make it easy for electric vehicles to participate in energy markets. If we are successful, as soon as an electric vehicle comes out of a dealership’s lot, that car will be fully integrated into the region’s energy system. Customers can then be paid for their electric vehicles to help balance the network in near real time. “
As electric vehicles become more mainstream, the charging requirements themselves could also increase inconsistent charging on the grid, especially if everyone is charging overnight. Bloomberg New Energy Finance predicts that sales will increase from 1.7 million in 2020 to 54 million by 2040. Managing the timing of recharge could also help. While not mentioned in the announcement, we do note that Electrify America is launching a home charging solution, Homestation, which should help address this issue.
âWe are eager to explore the possibilities that blockchain technology can have for smart charging applications and how this can have a positive effect on the ecological footprint and therefore an increase in value for our customers,â said Marvin Schroeder , project manager at Volkswagen Group. Innovation.
In 2020, VW launched the all-electric ID.3 with the soon-to-be ID.4 SUV. The group intends to invest 35 billion euros in electric mobility within five years and to launch around 70 all-electric models within ten years.
During this time, Energy Web tested the integration of DERs into power grids in collaboration with the Austrian power grid.
The VW project will use Energy Web technology and electric vehicle charging standards such as ISO 15118 Plug & Charge.
Five months ago, the blockchain mobility alliance MOBI unveiled a standard for the integration of the electric vehicle network (EVGI) where Honda and General Motors led the group.
Many automakers are exploring the use of electric vehicle batteries for energy storage. However, some are more local than grid integration. Toyota launched a project last year in Japan. In California, Omega Grid works with EDF. And in Europe, four major electric utilities are part of Equigy, aiming to balance the grid. One of the TenneT utilities worked with both Bmw and Nissan on two-way charging. And Terna has an alliance with Fiat Chrysler for a virtual power plant (VPP) for a fleet of cars.