For the power grid
V2G makes power distribution more efficient
V2G technology enables expanded and bidirectional communication within the grid, allowing a more efficient model for power distribution. When "grid congestion" prevents electricity from reaching its destination or the grid is on the brink of overload during peak times, V2G offers the solution to intelligently distribute the power without the need for expensive grid infrastructure upgrades.
For the renewable energy resources
V2G expands capacity for renewable energy storage
Renewable energy resources such as wind and solar are intermittent and inconsistent. An efficient solution must make sure it is able to capture the energy when it's available and store it for distribution when it's needed. Expanded storage through intelligently connected EV batteries provides extra room to capture and store this valuable energy. V2G is the best answer for expanded battery storage.
For the utilities and customers
V2G reduces costs and price volatility
Most of the cost and price volatility for utilities and customers eventually comes down to simple supply and demand. The more strain there is on the system, the more it can drive up the prices and create volatility. Therefore, when the energy supply is better balanced, distributed, and able to meet demand, it creates price stability. V2G technology allows more stable and more efficient power distribution through optimized load management and predictive maintenance, enabling the reduction in costs and price volatility.