Australian EVs could earn $12,000 in a single year with vehicle-to-grid tech

Tue, 26 Mar 2024 19:35:23 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://thedriven.io/2024/02/27/australian-evs-could-earn-12000-in-a-single-year-with-vehicle-to-grid-tech/>

"A new report from the Australian Renewable Energy Agency (ARENA) has found
that a fleet of EVs used to supply Frequency Control Ancillary Services (FCAS)
to the National Energy Market (NEM) could generate revenue of up to $12,000 per
vehicle in a single year.

The staggering findings are outlined in a new report Insights from the
Realising Electric Vehicle-to-Grid Services Project, that looked at the
charging habits of EV drivers, the probable bidding capacity, and the potential
business case for fleet operators to bid into FCAS markets using V2G.

The trial looked at some of the impediments to V2G technology and how new
systems, such as operating envelopes, could help accommodate high local demands
when overall network capacity allows;

It also looked at how a business case could be developed in the context of
fleet operators accelerating the electrification of their fleet; and quantified
the potential economic value and the user experience of V2G technology.

The most astonishing finding that the average EV could have earned around
$12,000 participating in the NSW FCAS “Regulation Raise” market, based on 2022
data, and use just one per cent of the EVs total charging energy."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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