Power2Drive Europe: Mobile Electricity Storage Systems for Private Homes and Businesses – and for a Stable Power Grid
According to statistics from the European Alternative Fuels Observatory, over six million electric and hybrid cars were on Europe’s roads in 2022. From 2035 onward, all cars will have to be electric in the EU. With e-mobility booming, there is more and more potential for e-cars to be used as mobile energy storage systems. They can supply electricity to private homes and offices, stabilizing the public power grid in the process. Using vehicle batteries as flexible storage systems in a smart grid in the future will be a crucial step in guaranteeing a stable energy supply and a cost-effective way of achieving climate targets. Visitors at this year’s Power2Drive Europe, the international exhibition for charging infrastructure and e-mobility being held at Messe München on June 14–16, will be able to discover innovations in bidirectional charging. Experts will also be discussing this topic at the accompanying Power2Drive Europe Conference 2023 at the International Congress Center München (ICM).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230525005398/en/
Bidirectional Charging at an AC-Charging Station (Photo: Solar Promotion GmbH)
Electric cars are as environmentally friendly as the electricity that powers them. When doubled up as mobile storage systems, they can also supply private homes with clean energy. With bidirectional charging, for example with Vehicle2Home (V2H), it is possible to optimize the self-consumption of solar power and the costs associated with charging and discharging e-cars when electricity rates are variable.
Vehicle2Building (V2B) takes this concept one step further. Multiple vehicles supply electricity to residential buildings or commercial properties, ensuring that the energy required during peak loads doesn’t have to be sourced from the grid. Both V2H and V2B are behind-the-meter applications. This means that vehicles only feed the electricity back into the residential building or commercial property. “This generally makes Vehicle2Home much easier to implement than Vehicle2Grid. And users can already expect decent margins,” says Timo Kern, Head of Energy System and Markets at the Research Center for Energy Economics (FfE) in Munich.
“So many vehicles and homes are suitable for Vehicle2Home”
With e-mobility booming, there is growing potential for V2H. Vehicles sitting at home during the week because their owners are working from home, work part-time or have a flexible working agreement are ideal – as are cars belonging to commuters, which can be used to store surplus energy over the weekend. When they are parked at home in the evening after work, they can supply electricity to the home. The difference between the domestic electricity price and the photovoltaic feed-in tariff is another major factor: “Since this difference has become much greater with energy prices on the rise, lots of vehicles and homes are now suitable for Vehicle2Home,” says Kern.
Vehicle2Grid (V2G) also has the potential to mobilize the immense power reserves in millions of electric cars in a matter of seconds, helping to secure a stable power supply in the process. In this context, vehicle batteries are used as flexible storage systems in a smart grid, playing a crucial role in guaranteeing a stable energy supply and providing a cost-effective way of achieving climate targets. Think tank Agora Energiewende (German Energy Transformation Initiative) ran the calculations in its study Climate-Neutral Power System 2035. If a quarter of all electric cars use V2G in 2035 and 40 percent of those vehicles are made available to the electricity market on average, the usable output will amount to 28 gigawatts in Germany. V2G also has the potential to reduce dependence on battery storage systems in private homes and on large-scale battery storage systems. And there are benefits for car owners too... They have the opportunity to earn money when they offer some of their vehicle’s battery capacity as a power reserve.
Only a modest number of e-cars are used for bidirectional charging as it stands. As demand grows, however, there will be more and more opportunities for vehicles to be used as electricity storage systems – whether that’s for V2H, V2B, V2G or V2L (Vehicle2Load). Bidirectional wallboxes are still relatively rare for now too. But demand is on the rise here too, so it’s only a matter of time before the relevant charging solutions are readily available in the market. The European Union’s three-year SCALE (Smart Charging Alignment for Europe) project is helping to lay the foundations here, with smart charging solutions for electric vehicles being researched and tested in real-life scenarios. Another aim of the project is to clarify technical, organizational, economic and political uncertainties surrounding the introduction of smart charging, inter-operability and V2X (Vehicle2Everything) solutions. The ultimate goal is to create a new energy ecosystem that benefits from the flexibility of batteries in electric vehicles on a large scale.
Bidirectional charging at the exhibition and Power2Drive Europe Conference
Visitors at Power2Drive Europe 2023 will be able to discover innovations in bidirectional charging. As part of The smarter E Europe, the international exhibition for charging infrastructure and e-mobility will be showcasing products, innovations and business models relating to charging infrastructure and electromobility at Messe München from June 14–16. Over 300 suppliers of charging infrastructure solutions are set to attend The smarter E Europe. The Mobility House, KEBA Group, Alfen and EnerCharge are just some of the exhibitors who will be presenting their solutions for bidirectional charging in Hall B6.
The Power2Drive Europe Conference 2023 will start on the day before the exhibition at the International Congress Center München (ICM). Bidirectional charging will be in the spotlight alongside market trends, analysis and research findings, and innovative projects for electromobility and charging infrastructure. For example, the session called Bidirectional Charging: Energy Supply Challenges organized by consulting and engineering firm umlaut will be discussing the latest developments in bidirectional charging, presenting results from pilot projects and looking at potential barriers to scaling bidirectional charging.
The most recent episode on Vehicle2Grid – How Close Are We to V2G Becoming a Daily Reality? with Dr. Stefan Perras & Thomas Gereke from Siemens – offers an in-depth look at the role of V2G in the decentralized grid of the future.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005398/en/
The smarter E Europe
+49 7231 58598-240
+49 151 41482446
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Lenovo ranks Eighth in the Gartner® Supply Chain Top 25 for 202330.5.2023 20:11:00 EEST | Press release
Lenovo has once again been named in the Gartner Supply Chain Top 25 for 2023, ranking eighth in this list of global companies with supply chains. The Gartner Supply Chain Top 25 identifies, celebrates and profiles supply chain excellence on a global scale, and by target region and industry. Now in its 19th year, the global ranking is a peer benchmark for chief supply chain officers (CSCO) and their teams, inspiring innovation and leadership. The Supply Chain Top 25 ranking comprises two main components: business performance and opinion. Business performance in the form of public financial and ESG (environmental, social, governance) data provides a view into how companies have performed in the past three years, while the opinion component offers an eye to future potential and reflects leadership in the supply chain community. These two components are combined into a total composite score. Lenovo has fully embraced digital transformation within its complex and global supply chain, and by
Wemade’s MMORPG MIR M Reveals New Content ‘Monster Dungeon’30.5.2023 16:00:00 EEST | Press release
Wemade's MMORPG MIR M: Vanguard and Vagabond showcased new content, "Monster Dungeon," on May 30th. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230530005249/en/ MIR M reveals new “Monster Invasion” content on May 30. (Graphic: Wemade) Users can obtain the "Demonic Stones" of field monsters they have defeated. Each "Demonic Stone" can be used to summon that monster in Monster Dungeon. By defeating all summoned monsters, users can obtain "Essence" items as rewards. "Essence" items can be registered to the Monster Codex to increase character stats. MIR M will be holding the event "Grand Operation Defeat Giant Scarecrow" until the update on June 13th. Users can defeat the Giant Scarecrow that appears in the Ginkgo Valley area to obtain gifts such as "Giant Scarecrow Raid Chests" and "Giant Scarecrow Demonic Stones." By using "Giant Scarecrow Demonic Stones," users can obtain Demonic Stones that can be used to summon boss mons
Q4 Inc. Set to Transform IR Effectiveness with Generative AI on the Q4 Platform30.5.2023 14:30:00 EEST | Press release
Q4 Inc. (TSX: QFOR) (“Q4” or “the Company”), the leading capital markets access platform, is excited to announce progress on pioneering generative artificial intelligence (“AI”) that is purpose built for Investor Relations (“IR”) effectiveness to help automate common tasks and accelerate decision making. By combining AI with the industry’s only end-to-end IR platform, IROs will be able to find insights exclusive to them built on a pool of their own proprietary program data and capital markets data aggregated on the Q4 Platform. “We are embarking on one of the most exciting product cycles in our history,” remarked Darrell Heaps, Founder and CEO of Q4. “Our offerings will unlock tremendous new opportunities for our clients to benefit from the unmatched richness and scale of our proprietary data with the integration of generative AI. The result for clients will simply be effective investor relations and better insights for our investment banking and equity capital markets clients.” In the
Kinaxis RapidResponse Available on Google Cloud Marketplace30.5.2023 14:00:00 EEST | Press release
Kinaxis ® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, announced today announced that the market’s leading supply chain management solution, Kinaxis RapidResponse® is available on Google Cloud and in the Marketplace. RapidResponse supports key business processes such as demand and supply planning, integrated business planning, sales and operations planning (S&OP) and inventory management, and delivers end-to-end transparency with its control tower capabilities. Concurrent planning breaks down organizational silos, unifies disparate data under a single all-inclusive data model, and codifies business-wide trust through the continuous alignment of everyone and everything across a company’s end-to-end supply chain. “We’re pleased the Kinaxis platform is now available on Google Cloud,” said Dai Vu, Managing Director, Cloud Marketplace & ISV GTM Initiatives at Google Cloud. “Customers can deploy Kinaxis via the Google Cloud
New Clinical Data on Vuse Illustrates Beneficial Public Health Impact of Tobacco Harm Reduction30.5.2023 13:00:00 EEST | Press release
New results from one of the largest ever vapour product studies, which analysed BAT’s flagship vapour brand Vuse, have been published in the journal of Internal and Emergency Medicine (https://link.springer.com/article/10.1007/s11739-023-03294-9). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230530005321/en/ One of the largest ever vapour product studies compared clinical measurements from exclusive Vuse consumers with smokers (Graphic: Business Wire) The study compared clinical measurements from exclusive Vuse consumers with smokers. The results of the study show that participating Vuse consumers had favourable differences in biomarkers of exposure (BoE) and biomarkers of potential harm (BoPH) relevant to smoking-related diseases when compared to smokers. Vuse users have shown significantly lower biomarkers of exposure for priority cigarette smoke toxicants as defined by the World Health Organization (WHO)iii. The data al
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom