Domestic V2X: Opportunities and Challenges

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Recording of Tuesday, June 18, 2024 | The smarter E Europe | Conference Program | Language: English | Duration: 8:54 .

Michael Evans of Octopus Energy Group Highlights Expansion and Smart Charging Tariffs at B2G Session

Michael Evans from Octopus Energy Group outlines the company's multifaceted operations, including retail energy across various global markets, generation with £7 billion in assets under management, services such as EV leasing and heat pump manufacturing, and tech licensing via their Kraken platform. Kraken manages smart energy assets like electric vehicles (EVs), home batteries, commercial batteries, heat pumps, and thermostats. Evans introduces Intelligent Octopus Go—Octopus' flagship EV tariff offering low-cost smart charging for homes during off-peak hours. The tariff ensures user preferences are met even if it is less cost-effective for the company. This model has seen success in multiple countries and plans further expansion into Europe. The V2G (Vehicle-to-Grid) tariff promises zero-cost car charging by leveraging customer data to optimize revenue streams across grid services. Despite current compatibility challenges with cars and charge points capable of V2G technology, this approach integrates customers into a virtual power plant that participates in balancing mechanisms within national grids. A seamless customer journey remains pivotal to Octopus Energy's strategy: bundling installation services with tariffs through a single point of contact enhances overall satisfaction while ensuring significant annual savings on energy costs.

Automatisierte Zusammenfassung durch AI Conver

Michael Evans
Optimisation and Analytics Lead
Octopus Energy
United Kingdom

As the number of electric vehicles (EVs) on the roads continues to grow, concerns about grid congestion and its impact on the charging infrastructure are rising. This session will explore the potential of v2x technology for leveraging the power of EV batteries for flexible energy storage in order to ease the burden on the grid. Experts will discuss the critical role of v2x in managing peak power demand, optimizing charging infrastructure utilization and balancing grid supply and demand. Attendees will gain insights into the latest developments and hear case studies on v2x solutions that have prevented grid congestion, ensuring a sustainable and reliable energy transition.

Further Talks of this session:

Speaker

Baerte de Brey
Chief International Officer
ElaadNL
The Netherlands

To Talk

Speaker

Andrew Cifala
Strategic Portfolio Planner and Test Solution Architect
Keysight Technologies, Inc.
United States

To Talk

Speaker

Bas Lottman
Head of Product
Jedlix B.V.
The Netherlands

To Talk

Speaker

Dr. Christopher Hecht
Data Scientist
The Mobility House GmbH
Germany

To Talk

To Talk

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For more than two decades, Norway has been steadily building a marketplace for electric transport. Having started out with inexpensive short-range electric cars and household charging sockets, Norway has now moved to mass-market solutions where fast charging (DC) and grid balancing (AC) plays an ever more vital role. With more than 1,000,000 electric cars and over 10,000 fast chargers in a relatively small market, Norway offers a rare early view of large-scale electrification. Over the past decade, electric cars have seen substantial improvements, which is now making it easier for new markets to advance electrification. At the same time, Norway has to deal with challenges years before other markets do. Yet despite different starting points, we can see that most markets are facing the same core challenges. From grid-smart charging strategies to innovative business models, there are excellent examples of best practices emerging elsewhere in Europe. What will the next thing in electrification be, both in mature and in emerging markets? And what will be possible when the right people and companies come together, sharing knowledge, solving common problems and accelerating the shift to cleaner mobility?

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