Nissan and Endesa, an Enel Group subsidiary, signed a ground-breaking agreement at the 85th Geneva International Motor Show that paves the way for a mass-market vehicle-to-grid (V2G) system.
The two companies have pledged to work together to deliver a V2G system and an innovative business model designed to leverage this technology.
Nissan- the world leader in EV sales with over 160,000 Nissan LEAF sold globally- is turning a page in zero emission mobility, and releasing the full potential of electric vehicle (EV) batteries with the Endesa two-way charging technology. It's all part of Nissan's commitment to support the entire EV ecosystem, not just the car..
The two companies have agreed to collaborate on the following activities:
- Introduction of V2G services in the European market;
- Exploring the use of ‘second life' EV batteries for stationary applications (including households, buildings, grid);
- Designing and evaluating potential affordable energy and mobility pack offers;
Paul Willcox, Chairman of Nissan Europe, praised the innovative two-way charging system and the step-change towards a further acceleration of the EV market: ‘We believe this innovation represents a significant development for Nissan Leaf and e-NV200 customers. Every Nissan electric vehicle battery contains a power storage capability that will prove useful in contributing towards smarter and responsible management of the power demand & supply of local power grids, thus reducing our EV total cost of ownership. Not only does this represent an opportunity for Nissan's EV private and fleet owners, it could also support grid stability and fully demonstrate that each Nissan EV represents a tangible social asset.'
Indeed, one of the main challenges for electricity management systems is to assure grid stability. This situation is especially relevant in countries with a high level of renewable energy generation, and this will only increase in the future. The longer term zero-emission vision is for EVs to be at the center of a fully integrated system whereby owners can participate in wholesale energy markets using the power stored in the batteries of their electric vehicles, and thus significantly reduce their cost of operation. In a not-so-distant scenario, the EV user not only decides when and where they want to charge their EV, but how best they spend and re-sell the energy stored in their EV; receiving tangible financial benefits in terms of energy savings, while at the same time maximizing the use of green energy.
"The flexibility offered by V2G implementation in terms of storing and releasing green energy into the grid will further enhance the already significant and tangible benefits of electric mobility. This is why Endesa, together with its parent company Enel and partner Nissan, have decided to join efforts in promoting this technology." said Javier Uriarte, Head of Market Iberia at Endesa.
Read more from the press release here.
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