Nissan has agreed to invest in ChargeScape — a joint venture owned by BMW, Ford, and Honda — focused on electric vehicle (EV) grid integration. Once the transaction is complete, Nissan will become an equal 25% investor in ChargeScape and will roll out ChargeScape’s services to its EV drivers across the US and Canada.
Last month, BMW, Ford, and Honda announced the launch of ChargeScape, whose software wirelessly connects to EVs and manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G).
By providing a single platform for power utilities, automakers, and their customers, ChargeScape streamlines the complexity of EV grid integration.
ChargeScape unlocks financial benefits for EV drivers by enabling services like managed charging and vehicle-to-grid export. When connected to ChargeScape’s platform, EV drivers who choose to do so can receive financial incentives for temporarily pausing charging during periods of high demand and will eventually be able to sell the energy stored in their vehicle’s battery back to the power grid. Doing so helps grid operators avoid dispatching expensive and often high-emission “peaker plants” when the grid is overloaded.
Nissan’s incorporation into the ChargeScape alliance is of particular significance given its sales of over 650,000 LEAF models, one of the first EVs with the capability to export power back to the grid. Nissan is investing heavily in bidirectional charging (V2X) capabilities for its entire electric fleet, and ChargeScape is currently building virtual power plants composed of bidirectional EVs in California, Texas, and other markets.
“ChargeScape helps us more conveniently and effectively connect utilities to EV drivers, making the ownership experience more valuable for drivers by giving them incentives for participating in managed charging and vehicle-to-grid programs,” said Kent O’Hara, president of Nissan’s 4R battery business. “Joining ChargeScape helps us contribute to a nationwide reduction in CO2 emissions by enabling utilities to use EV battery energy storage to balance peak grid demands while optimizing the use of renewable electricity sources.”
Filed Under: Technology News