What is Vehicle-to-Grid (V2G) technology?

Vehicle-to-Grid (V2G) technology refers to a system that enables electric vehicles (EVs) to not only draw power from the electrical grid when charging but also to send electricity back to the grid when necessary. This bi-directional flow of energy allows EVs to act as energy storage systems that can help balance supply and demand within the electrical grid. During times of peak demand, EVs can discharge stored energy, providing support to the grid and potentially earning their owners compensation for the energy supplied.

This technology plays a significant role in enhancing grid stability and integrating renewable energy sources, as it helps manage fluctuations in power generation and consumption. By utilizing the batteries of parked EVs, V2G enhances the overall efficiency and reliability of the power system, contributing to a more sustainable energy landscape.