The partnership will study the integration of electric vehicles (EVs) and charging infrastructure on the blockchain to support advanced charging programs.
As part of the partnership, Volkswagen Group Innovation and Energy Web will jointly develop and test open source software to enable seamless end-to-end participation in the electricity market for electric vehicles (EVs).
The test will combine Energy Web’s Decentralized Operating System (EW-DOS) technology stack with existing electric vehicle charging standards, including the ISO 15118 Plug & Charge standard in combination with the public key infrastructure of Electrify America, one of the largest electric vehicle charging networks in the world.
The main issues are that EVs can be cost effectively and securely integrated into electricity markets and grid operator systems.
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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.
âAt this early stage of the EV industry, we have a great opportunity to shape and improve the standards for how EVs like ours fit into markets around the world. “
With the increase in the number of electric vehicles, the need for managed charging of electric vehicle batteries and the market for the provision of network services is increasing and will accelerate further as manufacturers and countries seek to phase out vehicles. traditional internal combustion engine.
For example, Bloomberg New Energy Finance predicts that annual global sales of electric vehicles will grow from 1.7 million in 2020 to 54 million by 2040, which represents almost 60% of new vehicle sales.
âWith this partnership, we want to accelerate electric mobility and deliver even more value to VE customers. One of the ways is to make it easy for electric vehicles to participate in energy markets, âsays Jesse Morris, Commercial Director of Energy Web.
âIf we are successful, as soon as an electric vehicle rolls off 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. “
So far, the Audi e-tron range is considered the first to be delivered ready for smart charging.
In October 2020, the Mobility Open Blockchain Initiative (MOBI) published its first standard for integrating electric vehicles into the grid.
For Energy Web, the initiative is an extension of various ongoing projects to provide flexibility to the grid from assets such as battery storage and electric vehicles.
Volkswagen plans to invest 35 billion euros ($ 41.7 billion) in electric mobility over the next five years and launch around 70 all-electric models by 2030.