Volvo Cars has unveiled its new venture called “Volvo Cars Energy Solutions.” This business division will introduce energy storage and charging services, bridging the gap between Volvo electric vehicles (EVs), consumer lifestyles, efficient energy use, and the broader society.
Why It Matters
The unveiling of this venture highlights the broader climate capabilities of electric cars, not just as emission-free vehicles but as potential energy reservoirs. Stationary EVs can potentially power homes, appliances, or even contribute back to the energy grid.
Key Points
- Bi-directional Charging: This technology permits electric cars to contribute surplus battery power back to a compatible grid. This assists in regulating the grid during high-demand periods, decreasing the reliance on fossil fuel-based electricity.
- EX90 SUV: Volvo’s latest fully electric SUV will be among the first to be outfitted with the hardware and subsequent software for bi-directional charging and solar energy storage.
- Vehicle-to-Grid (V2G) Pilot: Collaborating with Göteborg Energi Nät AB, a Gothenburg-based grid company, Volvo is initiating one of the foremost V2G pilot programs. The goal is to test V2G tech in real-world scenarios using an affordable AC wallbox, promoting more widespread tech adoption.
- Battery Capacity: As Volvo progresses towards becoming an all-electric brand by 2030, it anticipates its fleet’s total battery capacity to hit approximately 50 GWh by mid-decade.
- Smart Charging: Volvo’s data indicates that most daily drives in Europe consume less than 20 kWh, suggesting substantial residual battery capacity. Bi-directional charging can tap into this surplus.
Bottom Line
The Volvo Cars Energy Solutions endeavor signifies a significant pivot towards crafting an ecosystem where electric vehicles aren’t merely modes of transport but pivotal components in a sustainable energy infrastructure. This transformation not only promotes environmental sustainability but also foresees substantial financial gains for consumers and the company, paving the way for innovative energy-related products and solutions.
