Electric Vehicle Owners to Get Cash Back for Selling Power to the Electric Grid
Denmark is going to be the first test market for Vehicle-to-Grid (V2G) technology, it was announced yesterday. Electric Vehicle owners will be able sell back power from their EV batteries to the grid, with estimated compensation for EV owners of about $10,000 over the lifespan of the car.
Denmark has been chosen by the US company holding the V2G license because of the country’s smart grid advancements, especially the Danish grid’s ability to handle intermittent sources of energy such as wind (Denmark has nearly twice the amount of renewable energy on the grid than any other nation, percentage-wise — 34%).
The company is opening its European headquarters in Denmark as I write, and the pilot start date is planned for sometime in September. To start out, the project size will be 30 cars, but it is supposed to ramp up quickly.
This is clearly an incredibly promising technology, as it removes one of the largest obstacles to EV ownership — the added premium of purchasing the car — since owners can now earn money on their cars.