Volkswagen, Elia sign MoU to explore vehicle integration into power grid

Reuters

FRANKFURT (Reuters) – Volkswagen’s charging unit Elli has signed a memorandum of understanding with Belgian network operator Elia and one of its start-ups to explore the integration of electric vehicles into the power grid.

Part of the cooperation will be to assess how owners of battery-powered cars can be given incentives to use their vehicles to stabilise power grids when connected to a socket, a concept known as vehicle-to-grid.

“Using the electric vehicle battery as a mobile power bank delivers a triple benefit: Firstly, the climate benefits as renewable energy can be stored and therefore be used more efficiently,” Elli Chief Executive Elke Temme said.

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“Secondly, the electric grid benefits, as the car can contribute toward grid stability, and thirdly, the customer can earn additional revenue with vehicle-to-grid services.”


(Reporting by Christoph Steitz)


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