Episode 29 | Car Capacity | Nuvve Corporation
Electric Vehicles (EVs) are quickly changing our roadways, but they could also potentially stabilize our electric grid as well.
The technology is called Vehicle-to-Grid, and it is not a single technology but a system of software and physical equipment that allow EVs to send electricity out to the grid when they are charging.
The benefits are enormous. An EV has about 50-100 kWh of capacity. Eventually, several hundred or thousand vehicles connected to a V2G system could offset the need for power plants to come online when electricity demand rises.
This is good news for utilities because these vehicles are still consuming power; they are simply shifting the time the electricity was initially consumed from peak to off-peak hours. If the same amount of power can be consumed more evenly throughout the day, fewer power plants can produce the same amount of electricity for longer periods, making the grid more efficient.
Our guest today, Dr. Gregory Poilasne, is the Chairman and CEO of Nuvve Corporation, a San Diego firm and at this time, the only V2G company serving the marketplace. Nuvve has even worked out a way so that customers, as well as Nuvve, can make money by selling this energy back to the grid during peak electrical demand. And the model does not even require a utility to participate in time-of-use electric pricing.
Dr. Poilasne and I discussed the "low hanging fruit" of targeting fleet vehicles for early V2G projects, the advantages working on both sides of the Atlantic, and the frantic pace utilities are trying to keep up to accommodate all the new technologies sending electricity both ways.
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