DoD driving vehicle-to-grid development

Vehicle-to-grid (V2G) technologies, which enable plug-in electric vehicles (PEV) to participate in ancillary services for the power grid, have been in development since the beginning of the modern electric vehicle era, but are only now beginning to emerge in revenue-generating applications.  Today, the market is miniscule, according to Navigant Research, with worldwide capacity additions from V2G systems totaling less than 9 MW in 2013.  However, the V2G market will grow steadily over the next 10 years with worldwide revenue from V2G frequency regulation growing from less than $900,000 annually in 2013 to $190.7 million by 2022, according to the research.

Read more: DoD driving vehicle-to-grid development - FierceSmartGrid http://www.fiercesmartgrid.com/story/dod-driving-vehicle-grid-development/2013-10-23#ixzz2jsjFKize
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http://www.fiercesmartgrid.com/story/dod-driving-vehicle-grid-development/2013-10-23