The traditionally distinct transport and power sectors are increasingly converging through the common element of electric power. As electric vehicle (EV) numbers grow and renewable energy sources gain market share, their integration into the conventional power grid is becoming a technical necessity and a strategic opportunity. Bidirectional energy transfer technology enables energy transfers between EVs and the power grid, offering a new direction for grid stabilization, load balancing, and the efficient utilization of distributed renewable energy sources. This new approach not only supports resilient grid operations and enhances the EV ownership value proposition but also cultivates the inception of new market models, business cases, and policy instruments.Exploring Vehicle-to-Grid Technology Integration, Challenges, and Opportunities
This study offers an overview of vehicle-to-grid (V2G) technology for EVs, and some topics it covers include:• An introduction to V2G technology, V2G’s role in power grid balancing, an outline of V2G infrastructure, fundamental V2G architecture, standards and protocol, and the economic benefits of implementing the technology • Global growth opportunities, which provide insight into the key growth areas for large-scale V2G technology adoption• The innovation ecosystem, which includes the patent landscape, and the major stakeholders involved in the development of the V2G landscape
Table of Contents
Strategic Imperatives- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the V2G Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
- Research Methodology
- Scope of Analysis
- Segmentation
- Growth Drivers
- Growth Restraints
- Global EV Market Share Indicates Exponential YoY Growth
- In 2023, AC Chargers Dominated Global EV Charging Infrastructure
- Introduction to V2G Technology
- V2G’s Role in Power Grid Balancing
- Energy Flow and Infrastructure in V2G Systems
- Fundamental V2G Architecture, Standards, and Protocols
- How V2G Works: Charging and Discharging in Action
- Economic Benefits of Implementing V2G
- Case Study: Strengthening Grid Security Using V2G-enabled Electric School Bus Fleets
- The United States Leads the V2G Patent Landscape
- Key V2G Participants
- V2G Participants to Watch
- Growth Opportunity 1: V2G-driven Peer-to-Peer (P2P) Energy Trading
- Growth Opportunity 2: Achieving Grid Modernization Through V2G-driven Virtual Power Plants (VPPs)
- Growth Opportunity 3: Decentralizing Rural Energy with V2G and Renewable Microgrids
- Technology Readiness Levels (TRL): Explanation
- Benefits and Impacts of Growth Opportunities
- Next Steps
- Legal Disclaimer
