Show me the money! Monetizing V2G Service
V2G is promoted as an opportunity for EV owners to generate revenue or bill savings to lower the total cost of ownership. Today, however, there are limited opportunities to monetize V2G services. This session will review the three avenues for V2G value creation: behind the meter, utility programs and export compensation rates, and wholesale market participation. The discussion will include new insights on the regulatory and policy changes necessary to ensure that V2G is compensated for the full value provided to society.
The customer value created by installing a bidirectional charging system are compelling today and only get better in the latter half of the decade. We will look at how the customer benefit (financial and reliability) is dependent on specific customer dynamics (region, home size, availability of EV for use at home), and how V2H systems can serve as the catalyst for future adoption of V2G (while regulators / utilities sort out the rules, etc.) The session will include discussion of results from Project INFLEXION - a leading V2X trial that set out to prove the scalability of this technology. The project partners conducted customer research and V2X simulations to develop compelling customer propositions and sustainable business models that will enable global adoption of the technology.
Panelists:
Steve Letendre, PhD
Director, Regulatory Affairs
Fermata Energy
Steve is a regulatory analyst and policy professional with over 25 years of experience specializing in the value of distributed energy resources and the grid of the future. He has worked collaboratively with numerous organizations including the Pacific Northwest National Laboratory, New York State Energy Research and Development Authority, California Air Resources Board, Green Mountain Power, and Smart Electric Power Alliance, among others. He has prepared direct testimony, technical reports, and analysis on a range of energy policy issues including the publication of the seminal article on V2G titled "Electric Vehicles as a New Power Source for Electric Utilities" published in 1997 in Transportation Research with Dr. Willett Kempton. Steve holds a Master's degree in economics and a doctorate in energy policy from the University of Delaware. At Nuvve, Steve works to promote policies, regulations, and wholesale market reforms that unlock the value that V2G offers to the grid and customers.
Director, Regulatory Affairs
Fermata Energy
Steve is a regulatory analyst and policy professional with over 25 years of experience specializing in the value of distributed energy resources and the grid of the future. He has worked collaboratively with numerous organizations including the Pacific Northwest National Laboratory, New York State Energy Research and Development Authority, California Air Resources Board, Green Mountain Power, and Smart Electric Power Alliance, among others. He has prepared direct testimony, technical reports, and analysis on a range of energy policy issues including the publication of the seminal article on V2G titled "Electric Vehicles as a New Power Source for Electric Utilities" published in 1997 in Transportation Research with Dr. Willett Kempton. Steve holds a Master's degree in economics and a doctorate in energy policy from the University of Delaware. At Nuvve, Steve works to promote policies, regulations, and wholesale market reforms that unlock the value that V2G offers to the grid and customers.
Ben Burns
Leader of V2X
Eaton
Ben Burns leads EATON's V2X business. Ben previously served as a Captain in the United States Marine Corps, worked as a management consultant with Booz & Company and led Business Development for DTE Energy. He earned his BA from the University of Michigan and his MBA from Columbia University.
Leader of V2X
Eaton
Ben Burns leads EATON's V2X business. Ben previously served as a Captain in the United States Marine Corps, worked as a management consultant with Booz & Company and led Business Development for DTE Energy. He earned his BA from the University of Michigan and his MBA from Columbia University.
Russell Vare
Head of Auto OEM Partnerships
Kaluza
Russell Vare has 20 years of experience in clean tech with a focus on EVs. He leads automotive partnerships in the US for Kaluza, a global provider of EV intelligent charge management software. He has previously worked at automotive, charging station and software companies with a focus on bidirectional charging and vehicle-to-grid functionality including Nissan, Mercedes-Benz, Nuvve and Flex Power Control. At Nissan, he led the first V2G pilot for the company and at Nuvve developed the world's first commercial V2G school bus commercial deployments, with over a megawatt of installed V2G capacity. He has a BA in Economics from UC Santa Barbara and a Master's in Public Policy from UCLA and resides in San Diego, California.
Head of Auto OEM Partnerships
Kaluza
Russell Vare has 20 years of experience in clean tech with a focus on EVs. He leads automotive partnerships in the US for Kaluza, a global provider of EV intelligent charge management software. He has previously worked at automotive, charging station and software companies with a focus on bidirectional charging and vehicle-to-grid functionality including Nissan, Mercedes-Benz, Nuvve and Flex Power Control. At Nissan, he led the first V2G pilot for the company and at Nuvve developed the world's first commercial V2G school bus commercial deployments, with over a megawatt of installed V2G capacity. He has a BA in Economics from UC Santa Barbara and a Master's in Public Policy from UCLA and resides in San Diego, California.