VEHICLE TO GRID TECHNOLOGY MARKET ANALYSIS

Market News

Vehicle to Grid Technology Market Recent Developments

New product launches

The Vehicle-to-Grid (V2G) technology market has been experiencing several new product launches in recent years. V2G technology allows electric vehicles (EVs) to not only charge from the grid but also discharge their stored energy back into the grid during peak demand periods, providing valuable grid services.

1. Nuvve Corporation's GIVe platform, which allows EV owners to sell their vehicle's excess energy back to the grid, was launched in the UK in 2020.
2. The Wallbox Quasar charger, launched in 2020, allows EV owners to both charge their vehicle and discharge energy back into the grid, making it a V2G-enabled charger.
3. EDF Energy launched the PowerShift program in the UK in 2018, which allows EV owners to earn money by participating in V2G services, such as providing energy back to the grid during peak demand.
4. Nissan launched its Vehicle-to-Grid (V2G) charger in Europe in 2019, allowing Nissan EV owners to use their car's battery to power their homes or businesses during power outages or peak demand periods.

Acquisition and partnerships

Certainly! The Vehicle-to-Grid (V2G) technology market has seen a lot of acquisition and partnership activity in recent years as companies aim to expand their capabilities and bring new V2G products to market. Here are some examples of notable acquisition and partnership deals:

1. In 2021, Enel X acquired California-based eMotorWerks, a provider of smart grid charging solutions for EVs, in order to expand its V2G capabilities.
2. In 2020, EDF Renewables North America acquired PowerFlex Systems, a provider of V2G-enabled smart charging solutions for EVs, to further its expansion into the V2G market.
3. In 2019, Honda partnered with EV charging infrastructure company EV-Box to develop V2G solutions for the European market.
4. In 2018, Shell New Energies acquired NewMotion, a European provider of smart charging solutions, to help it expand into the V2G market.
5. Also in 2018, Nuvve Corporation partnered with EDF Energy to launch the PowerShift program, which allows EV owners to participate in V2G services.