The electrification era – White Paper
Electrification era
| Scaling up electric vehicles
As more renewable energy sources are used, power systems
must become more flexible and adjustable to balance supply
with demand. To achieve this, services have required that span
from fractions of a second to seasonal time scales. Solar and wind power will become increasingly critical, but their intermittent nature will result in nearly twice the annual variability in residual demand compared to today. EVs have the potential to provide grid-connected storage and in doing so revolutionise the way we use and manage energy.
In this white paper, we examine the concepts of vehicle-to-grid
(V2G) and vehicle-to-everything (V2X) technology, the landscape
for EV fleets and the opportunities for businesses to not only
secure additional revenues but to further boost their green
credentials by helping the grid to increase levels of renewables
generation in the energy mix.
