article thumbnail

False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

They wanted to see whether an electric vehicle could feed electricity back to the grid. The company’s president, Tom Gage , dubbed the system “vehicle to grid” or V2G. And EV owners would become entrepreneurs, selling electricity back to the grid. And indeed, that’s how promoters of vehicle-to-grid technology perceive the EV.

Grid 131
article thumbnail

Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

Incentivize auto manufacturers, for example, by exempting the profits resulting from the sale of the first 10 million vehicles that deliver more than 75 mpg from any corporate taxes. We need an interactive grid to make this work. Right now we are operating with a grid that was not adequate at middle of the last century.

article thumbnail

CalSEED awards $4.2M to early-stage clean energy innovations

Green Car Congress

To help California mitigate its ever-growing wildfires, this year CalSEED has included companies that are innovating in technologies that will build wildfire resiliency into the grid. This novel technology would deliver safe, reliable, resilient, and cost-effective electric power in the grid.

Clean 371
article thumbnail

The Business of Plugging In: Building the Full Ecosystem for a Successful Plug-in Vehicle Industry in the US

Green Car Congress

While OEMs and utilities continue to define and refine hardware standards and communication protocols for smart charging, a tremendous amount of work needs to be done in preparing both the grid and the process to accommodate the expected influx of plug-ins, and to make the process as easy as possible for consumers.

Plug-in 210
article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Green-technology corporations dominate the Fortune 500 by 2030. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Financial markets divest fossil-fuel assets and reallocate capital to low-carbon firms. Technology leaders hold the power.

Carbon 207
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Renewable energy projects are frequently financed with project rather than corporate finance. In general, the sponsor’s goal is to use as much cheap debt financing and as little equity as possible to complete the deal. What is the PTC and why does it matter? The sponsor wants to get returns from 10-20% for his or her investment.

Financing 150
article thumbnail

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric cars and a smart electric grid have a bright future, according to panelists at a roundtable discussion on the subject that I attended last Friday in Boston. “I Vehicle-to-grid is, I believe, the salvation of the automotive industry in the United States,” declared Marc Spitzer, an agency commissioner who was also on the panel.

Grid 47