Volkswagen and Elia sign a memorandum of understanding to explore the integration of the car into the electricity grid

Volkswagen and Elia sign a memorandum of understanding to explore the integration of the car into the electricity grid

FRANKFURT (Reuters) – Volkswagen’s charging unit Elie has signed a memorandum of understanding with Belgian grid operator Elia and one of its start-ups to explore the integration of electric vehicles into the electricity grid.

Part of the collaboration will be to assess how to give owners of battery-powered cars incentives to use their cars to stabilize power grids when plugged into a socket, a concept known as “vehicle to the grid.”

β€œUsing the electric car battery as a mobile power bank brings a triple benefit: first, the climate benefits as renewable energy can be stored and thus used more efficiently,” said Elke Tim, CEO of Elli.

β€œSecondly, the electrical grid benefits, as the vehicle can contribute to grid stability, and third, the customer can earn additional revenue through vehicle-to-grid transportation services.”

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