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https://thedriven.io/2024/11/04/ev-batteries-on-wheels-could-save-hundreds-of-billions-in-grid-costs-by-2040-report-finds/>
"A new study from Europe’s clean transport & energy group Transport &
Environment (T&E) has found that using the batteries in electric vehicles (EVs)
to store energy and feed back into the grid could save hundreds of billions of
dollars.
The promise of bidirectional charging – which allows vehicle to grid (V2G) and
Vehicle to Home (V2H) technology – has become an increasingly attractive
byproduct of the transition to EVs, creating the potential for a fleet of what
T&E describes as “batteries on wheels” to store excess electricity when it is
cheap and in surplus, and sending it back to the grid when demand is high.
According to the report, bidirectional charging and V2G could save the European
Union’s energy systems €22 billion annually by 2040, somewhere around $A35
billion.
This would be equivalent to an 8 per cent reduction on the cost of building and
running the EU’s energy system, resulting in total savings of as much as
€175.45 billion (around $A290 billion).
The economic savings would be generated by helping to store excess renewable
energy, avoiding the need for stationary storage by up to 92 per cent and
allowing European grids to integrate up to 40 per cent more solar PV capacity,
or as much as 430GW by 2040.
Moreover, by storing excess renewable electricity that would otherwise be lost,
the report predicts that Europe’s EV fleet could contribute up to 9 per cent of
the EU’s annual power needs by 2040, making EVs the fourth largest electricity
“supplier” in the EU."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
