It is said to be the biggest project of its kind in United Kingdom.
Today United Kingdom faced a new step into a more sustainable environment. A new consortium has been launched, which will provide and therefore boost a vehicle-to grid electric charging nationwide. So what is this 7 million Pounds project named Octopus V2G about?
Talking about consortium, it is made up of seven British companies Octopus Energy, Octopus Electric Vehicles, UK Power Networks, ChargePoint Services, Open Energi, the Energy Saving Trust, and Navigant which will provide a total of 135 Vehicle-to-grid (V2G), that will enable owners of electric cars to charge their cars during off-peak, i.e. at night, when demand for electric power is lower, thus also cheaper and return it back into the grid during daytime, when demands are higher.
Fiona Howarth, CEO of Octopus Electric Vehicles said for Next Greencar: "Octopus Energy was founded to drive down the cost of energy to customers and the planet, and Octopus Electric Vehicles is the next phase in that mission."
"There has been a lot of talk from the sidelines about how vehicle-to-grid technology will change the face of energy, but with this consortium we will be the first in the UK to actually deliver it to hundreds of households. We're delighted to be working with this consortium of visionary companies, and proud to be backed by Innovate UK."
Project has also been described as one of the most iconic parts of the electric vehicle domain, which also presents one of the key advantages of electric vehicles and at the same time helps putting Great Britain on the top of most developed countries when it comes to electric mobility.