{"id":41328,"date":"2023-12-20T11:38:13","date_gmt":"2023-12-20T11:38:13","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=41328"},"modified":"2023-12-20T11:38:13","modified_gmt":"2023-12-20T11:38:13","slug":"electric-vehicle-batteries-could-power-homes-and-cut-bills","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/electric-vehicle-batteries-could-power-homes-and-cut-bills\/41328\/","title":{"rendered":"Electric vehicle batteries could power homes and cut bills"},"content":{"rendered":"

The UK Government has announced funding for new charging technologies, which means electric vehicle batteries could power homes and save on bills.<\/h2>\n

Households could power their home appliances due to the development of bidirectional charging, which enables electricity stored in electric vehicle batteries to flow back into the grid or homes and workplaces, which can then be used to power other devices.<\/p>\n

This builds on existing smart charging technologies, where EVs can be charged when electricity prices are lower overnight.<\/p>\n

How can we use electric vehicle batteries for other purposes?<\/h3>\n

Families could then use these Vehicle-to-Everything (V2X) technologies to save money on their bills by selling the electricity back to the grid when prices are higher.<\/p>\n

Businesses could also benefit from the V2X technologies<\/a> by storing electricity in their fleets of EVs and using it to power their operations later.<\/p>\n

These technologies will also help make it even easier to rely on renewable technologies such as solar panels, with less need for fossil fuels to provide for surges in demand by allowing stored renewable energy to be sold into the grid instead.<\/p>\n

Dr Marco Landi, Head of Technology and Innovation, Electrification Services at JLR, said: \u201cWe are delighted to be collaborating on this project with partners and the UK government to be able to accelerate and pioneer V2X technology.<\/p>\n

\u201cThis funding will drive our work to make charging simpler, greener and cost-effective, which is key to our all-electric future.\u201d<\/p>\n

Four projects will kickstart this new initiative<\/h3>\n

Four projects are receiving a share of \u00a34.8m of government funding to support their work testing and implementing electric vehicle batteries for other purposes.<\/p>\n

The successful companies are:<\/p>\n