We’ve mentioned OVO Energy before, in the context of innovative financial models. Now we can mention them again, this time in the same sentence as our favourite three letter acronym! In a new section of their website devoted to electric vehicles OVO include an overview of V2G and demand side response (DSR for short). Please read the whole article, but here’s an extract:
The electric vehicle revolution will do more than reduce carbon emissions. Vehicle-to-grid technology (V2G), can give you ultimate control over your energy, and even make you money. Fancy getting your own mini power station? Then read on.
‘Vehicle to grid’ technology enables energy stored in electric vehicles to be fed back into the national electricity network (or ‘grid’) to help supply energy at times of peak demand. It’s just one technological advancement in a slew of new initiatives like ‘smart charging’ and ‘demand side response’ that are aimed at changing the way individuals, and businesses, use energy in the future. In short: the electric car revolution is tied into a whole new way of consuming energy.
We’re hurtling towards a place where ‘two-way’ electric car chargers can enable homeowners with electric cars to sell their energy back to the national network. It’s a smart idea when you consider that over 90% of cars are parked at any one time2 – which is a lot of energy just sitting there doing nothing. This technology will give you the opportunity to manage your energy your way, and potentially become energy self-sufficient, reducing everyone’s reliance on energy companies. Get solar panels fitted, then adopt vehicle to grid technology and your home could become a private mini-power station!
For some strange reason OVO don’t include a picture of this innovative new technology in action, so here’s one from the extensive V2G UK archives:
However they do include this image in the associated demand side response article:
together with this explanation:
Did you know that, as consumers, we are at the heart of a UK wide initiative to help secure our energy future? Not simply passive bill payers, our energy will, increasingly, be in our hands and our actions will play a crucial role in ensuring its security.
Demand side response or DSR is the unwieldy name of a programme that aims to rebalance our energy needs around the country. It will not only change how we produce energy, but also how we supply and use it. From manufacturing, public sector and big business to the householder, we all have a role to play.
Please read that article from cover to cover too. The OVO V2G article concludes:
We can help you charge your electric car everywhere, for less. Our EV Everywhere tariff is designed specially for owners of electric (and plugin hybrid) cars, and comes with fixed energy prices for two years, 100% renewable energy and free membership of Polar Plus, the UK’s biggest EV charging network.
Exciting times are afoot in the V2G sector here in the United Kingdom!