He has sold more than 1 million electric cars in the UK alone over the past ten years. Additionally, the car has a battery that can store enough energy to run many power plants at once. The answer to keeping the lights on in the upcoming months may lie in using this enormous reserve to power residences and “balancing the system.” ..
The company’s software is designed to help electric vehicles charge during periods of low demand, but eventually will be able to feed power back into the energy system. Ev.energy believes that this technology can help reduce greenhouse gas emissions and improve the quality of life for people in cities and rural areas.
Nick Woolley, Ev.energy CEO, said: Putting the cars together in one system “will create a virtual power plant, which will be very important for the grid,” he explains. “When you control this power plant, you control the grid.”
The UK’s electricity consumption is projected to increase by at least twofold by 2050. This would necessitate at least four times as much clean electricity as is currently generated, as well as twice as much grid capacity. The grid must manage demand and become smarter in order to solve this problem. ..
Electric vehicles provide a significant buffer for the grid, and are predicted to be nearly universal within the next 20 years. People are worried about electric vehicles and their effect on the grid, but they are actually a part of the solution. CEO of Octopus EV, an electric vehicle leasing company owned by Octopus Energy Group, believes that electric vehicles will play a significant role in mitigating climate change.
