15 Jun '11, 3pm

Electric Vehicle Owners to Get Cash Back for Selling Power to the Electric Grid in Denmark (~$10,000)

Electric Vehicle Owners to Get Cash Back for Selling Power to the Electric Grid in Denmark (~$10,000)

The need for frequency regulation in electric grids arise from the fact that grid connected equipment may suffer damage and the grid may lose reliability if the frequency is not tightly maintained at 60 Hz. There are already solutions to achieve frequency regulation today: gas turbines, pumped hydro, compressed air, fly wheels, and large battery installations such as NaS batteries are all competing for the market. All these solutions require large capital investments and operating costs, though. The solution from Nuvve aggregates existing EV batteries that have already been paid for by the EV customer. There are no fixed or installations costs associated. Batteries have been recognized as the best solution in order to cover the fast response needs that cannot be covered by some of the other solutions. Nuvve’s system can respond in less than 1 second, covering for these fas...

Full article: http://cleantechnica.com/2011/06/15/electric-vehicle-owne...

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