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7th October 2020
As an electric vehicle enthusiast, you may already know what V1G is. If not keep reading to find out how V1G is upgrading to become V2G.
VG stands for vehicle to grid and involves key smart charging elements. This includes charging management features to allow electric vehicle owners to control their charging times to avoid peak prices and reduce demand at peak times to avoid electricity shortages.
On the other hand, new V2G technology brings additional benefits to the charging network to help limit the strain on the national grid. The technology still allows for charging management to charge vehicles when demand for electricity is low and the rates are cheaper but offers the option to sell electricity back to the grid.
For example, a car with a fully charged battery that will be sitting all day not being driven could sell the stored electricity back to the grid to help reduce strain on the national power grid and increase electricity supply. It is expected that a vehicle that is charging for 75% of the time could earn up to £400 each year by selling electricity.
Not only does V2G offer environment, sustainability and cost-saving benefits it also will help to preserve the health of your vehicle’s battery up to 10%. V2G is being referred to as the carbon-negative way to charge as it reduces the need for electricity to be produced using fossil fuels.
The technology is currently being aimed towards businesses that have fleets of electric vehicles. Over 20 trials are being conducted within the UK and the Government has provided £30 million funding.
As with any new technology it has some current limitations which are expected to be overcome as more people adopt V2G. V2G currently uses DC only charging which limits this technology to a handful of electric vehicles that utilise this charging format. Work is ongoing to upgrade the technology to AC and DC charging. V2G has a very high price point as it is still undergoing trials, but the cost is expected to fall to £1000 by 2030.
Interested in installing an electric vehicle charger? Head to our Shopify to browse our range of chargers and accessories.
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Are you tired of feeling like a prisoner to your power outlets? Say goodbye electric fuel shock with a power bank! A power bank, also known as a battery system, is an innovative solution that allows you to store energy generated from your solar panels or other renewable source, so you can use it at night or during a power outage. Think of it like having your own...
12:12 PM - 29th March 2023
Hey, homeowners! Are you tired of feeling the heat of the constantly rising cost of energy, does the current energy market super inflation leave you in fear of where it will all end and wondering how you’ll manage to pay for your rising energy bills in the future? Well, have no fear because renewable energy solutions are here to help save the day (and your bank account), by offering you an alternative that can help alleviate you from some of the turmoil in the energy market. But first you’re probably thinking why should I switch to renewables and what can it offer me?
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UK households are racing to install roof-top solar panels as energy prices continue to rise. The soaring price of electricity means that a domestic solar panels system can now pay for itself in as little as six years and the payback period could be even less if energy prices continue to rise in the months to come. The energy price cap jumped last October by 80% to take the average UK bill to £3,549 caused by a.....
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