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In First, Electric Vehicle-to-Grid Technology Sells Power to PJM Power Grid
– Milestone by
"Moving innovative ideas out of the classroom and into the marketplace
is critical to growing our economy," said Governor
The University and NRG began work in
“This demonstrates that EVs can provide both mobility and stationary
power while helping making the grid more resilient and ultimately
generating revenue for electric vehicle owners,” said NRG Executive Vice
President
"Partnerships have been essential to the success of this initiative,"
said Harker. "I thank all of the industry and policy leaders who have
come together around a project that incorporates clean transportation,
stable energy and profitable sustainability. And I thank Prof.
A key aspect of the technology is that it can aggregate power from
multiple electric vehicles to create one larger power resource, rather
than individual, smaller ones. Additional company partnerships that make
up the entire system shown today include
For grid operators, the technology serves as an innovative new approach to energy storage. It has the potential to balance the power provided by intermittent renewable resources such as wind and solar. Energy storage, such as large-scale batteries or those in a fleet of vehicles, can take the wind’s power generated at night and store it to use when demand is higher.
“PJM changed rules for participation in the regulation service market to decrease the minimum amount of power needed to participate and we implemented new rules that recognize and compensate faster, more accurately responding resources, such as batteries,” said Michael J. Kormos, senior vice president of PJM Operations. “We knew that by doing so would attract innovation and would find potential for energy storage or other technologies. We’re glad to be a part of this project and hope that this inspires continued innovation among our partners and others in the industry.”
The technology is expected to initially help managers of commercial EV fleets by providing revenue while the vehicles are parked, with individual EV owners to eventually follow. The system is currently in development with restricted test fleets and is not now a commercial offering.
Besides being one of the country’s largest and most diverse power
generators, NRG is innovating to make clean energy more accessible. This
includes work to deploy large-scale renewable projects, smart meters and
other demand-side management technologies, and EVs through its eVgo
network of charging stations. The
About NRG
NRG is at the forefront of changing how people think about and use energy. We deliver cleaner and smarter energy choices for our customers, backed by the nation’s largest independent power generation portfolio of fossil fuel, nuclear, solar and wind facilities. A Fortune 300 company, NRG is challenging the U.S. energy industry by becoming the largest developer of solar power, building the first privately-funded electric vehicle charging infrastructure, and providing customers with the most advanced smart energy solutions to better manage their energy use. In addition to 47,000 megawatts of generation capacity, enough to supply nearly 40 million homes, our retail electricity providers – Reliant, Green Mountain Energy and Energy Plus – serve more than two million customers. More information is available at www.nrgenergy.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the Company’s eV2g project and
forward-looking statements typically can be identified by the use of
words such as “will,” “expect,” “believe,” and similar terms. Although
NRG believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility
of energy and fuel prices, failure of customers to perform under
contracts, changes in the wholesale power markets, changes in government
regulation of markets and of environmental emissions, and our ability to
achieve the expected benefits and timing of our vehicle-to-grid
projects. NRG undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that could
cause NRG’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should
be considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
About
Tracing its heritage back to 1743, the
About PJM
Source: NRG
NRG:
Karen Cleeve, 609-524-4608
Karen.cleeve@nrgenergy.com
or
University
of Delaware:
Meredith Chapman, 302-690-1316
mchapman@udel.edu
or
PJM
Interconnection:
Paula DuPont-Kidd, 866-756-6397
duponp@pjm.com