{"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":"
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
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 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 Transport Minister for Technology and Decarbonisation Anthony Browne commented: \u201cWe\u2019re continuing to support drivers, and this innovative new development is the next step in levelling up our charging technology, which will benefit many households across the country.<\/p>\n He concluded: \u201cThis government has already spent over \u00a32bn in the transition to electric vehicles, and our charging network is growing at pace, with 44% more public charge points than this time last year, meaning drivers can charge more easily than before.\u201d<\/p>\n The programme is part of the overarching up to \u00a365m Flexibility Innovation Programme<\/a>, supporting the efficient and flexible use of electricity within the Department for Energy Security and Net Zero\u2019s \u00a31bn Net Zero Innovation Portfolio<\/a> (NZIP).<\/p>\n","protected":false},"excerpt":{"rendered":" Funding for new charging technologies means electric vehicle batteries could power homes and save on bills. Read more here.<\/p>\n","protected":false},"author":22,"featured_media":41338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24425],"tags":[649,24163],"acf":[],"yoast_head":"\nFour projects will kickstart this new initiative<\/h3>\n
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