Nuvve Corp. has been selected as a Vehicle to Grid (V2G) system provider of V2G demonstration project by Toyota Tsusho Corporation and Chubu Electric Power Co.
Both companies had already been selected for awards to initiate a “V2G Aggregator Demonstration Project” as a part of the Ministry of Economy, Trade and Industry Agency for Natural Resources and Energy’s “FY2018 Subsidies for Virtual Power Plant Demonstration Project for Improvement of Energy Management in Demand Side.”
Nuvve’s purpose of the project is to demonstrate Nuvve’s V2G aggregator technology in the Japanese market, guide Japanese market regulations, and provide Japan’s electrical system with solutions for managing their grid.
Nuvve’s CEO Gregory Poilasne said, “Since the 2011 earthquake and tsunami in Japan, the Japanese energy providers and automotive industry have tried to find solutions for mitigating energy risks for the Japanese people, including solutions such as Vehicle to Home (V2H). It just makes sense that we use electric vehicles (EV) as part of the energy solution. Aggregating a large number of vehicles can provide a significant amount of power that can be used not only during emergency situations, but also for day to day grid balancing. These batteries will generate revenues for the vehicle owners, thus reducing the cost of ownership of an EV. We are excited to be part of this project and look forward to working with our partners in this project.”
V2G technology, especially the more advanced forms of V2G, such as the ancillary service that provides frequency regulation to the electric grid from distributed electric vehicles, was conceptualised at the University of Delaware by Professor Willett Kempton (also Nuvve’s CTO) and has since been developed and deployed commercially by Nuvve Corporation. Nuvve Corporation will bring its existing V2G deployment experience to the Japanese market, enabling a faster implementation.
This innovative technology will enable the Japanese economy to support a wide deployment of electric vehicles across the country, as each vehicle becomes part of a virtual power plant that will be adapted to support the grid on a second by second basis. This flexibility allows the grid to adapt not only to the large foreseen EV growth, but also helps new renewable variable sources of energy such as wind and solar to be included in the country’s energy mix, thus contributing to reducing CO2 content of electricity for Japanese consumers.