As part of the public-private eV2g project, based in Newark, Del., the carmaker has designed a prototype EV with software and hardware that enables it to draw power from the grid and send power back to the grid when it makes the most sense.
The University of Delaware and NRG Energy, which is building the country’s first privately funded EV charging infrastructure, started the eV2g project. The Honda technology builds on eV2g’s April announcement that vehicles under its management were, for the first time in the world, earning revenues by serving as an official market resource on a power grid, the PJM frequency regulation market.
By incorporating “bi-directional” capabilities into a car, Honda makes the step of a major OEM designing full energy storage capabilities in a vehicle. This vehicle technology, which integrates hardware and software developed by eV2g, will allow EVs to serve as an energy storage resource to the grid.
A Navigant Research study forecasts the V2G market will reach $190.7 million by 2022, Energy Manager Today reports.
Honda made an alternative-fuel vehicle announcement earlier this month at the Los Angeles Auto Show, where it debuted its FCEV Concept car and said it anticipates launching its next-generation fuel-cell vehicle in the US and Japan in 2015, followed by Europe.
Photo Credit: University of Delaware’s Willett Kempton with a Honda Accord Plug-In Hybrid via University of Delaware