Uncover how The Mobility House and Mobilize are transforming the energy landscape with the first mainstream V2G offering in Europe. Learn how EV owners can contribute to the grid and receive financial incentives.
What’s Happening
In a breakthrough development for the European market, The Mobility House and Mobilize, a Renault Group brand, are introducing the continent’s first mainstream vehicle-to-grid (V2G) service for private customers. This unique offering will consist of four components: a bidirectional charger-equipped electric vehicle, the “Mobilize Powerbox” charging station, a Mobilize energy contract administered by The Mobility House, and a user-friendly mobile app for custom control.
Why It Matters
Bidirectional charging will empower customers by turning their electric vehicle battery into a resource, allowing it to supply power to the energy grid and earn financial incentives. The strategic partnership between The Mobility House and Mobilize signifies an important stride toward achieving zero-emission and zero-cost charging, aligning with The Mobility House’s vision for a sustainable future.
Key Points
The Mobility House, having already implemented similar V2G programs in the United States, will provide the Mobilize retail energy contract to Renault customers. This includes a guaranteed carbon-neutral energy supply for vehicle charging and the opportunity to supply electricity back to the grid via the bidirectional charging function for monetary rewards. The Mobility House’s technology stack underpinning this offering includes their EV Aggregation Platform and EV Flexibility Trading. These tools aggregate the battery storage of the vehicles and trade their “flexibility” on the wholesale markets, benefiting the electric system while generating revenue.
Bottom Line
The new V2G service by The Mobility House and Mobilize signifies a step forward in the energy transition. It turns electric vehicles into mobile power storage devices, serving the growing storage needs associated with the expansion of renewable energy sources like wind and solar. The bidirectional charging system can reduce load peaks on the power grid, mitigate extreme energy market prices, and decrease dependence on fossil-fuel power plants. Furthermore, revenue from trading the flexibility of electric car batteries can significantly offset charging costs for EV drivers, promoting both the shift to a carbon-neutral energy system and the transition from combustion engines to electric vehicles.
