EDF Energy is to install up to 1,500 Vehicle to Grid electric vehicle chargers for its customers that run EVs on their fleets.
Vehicle to Grid chargers allow EVs give unused electricity back to the charger for customers to either use the energy themselves, send it back to the grid, or to participate in energy markets, providing savings on energy costs and generating additional revenues.
According to EDF, the chargers will provide up to 15 megawatts of additional energy storage capacity – equivalent amount of energy required to power 4,000 homes and during peak periods, EV owners will be able sell back stored energy to the grid.
The firm said V2G technology “could help businesses generate revenues from vehicles that have previously only been a cost on their balance sheet.”
“With 55% of new vehicles coming on to the road through businesses they will play a key role in the transition to electric transport. We are investing in smart technologies that will help our business customers electrify their fleets in a cost effective way and support the UK’s ambition for clean growth,” said Beatrice Bigois, managing director of customers at EDF Energy.
Energy and Clean Growth Minister Claire Perry, added: “These 1,500 electric chargers will provide much needed green infrastructure for businesses as they seize the opportunities of the electric vehicle revolution, reducing running costs, improving air quality and unlocking the capability to store energy which can be transmitted back into the grid when it’s needed most.