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The batteries installed in 20 million EVs will have up to 1,600 GWh of electricitystorage capacity. This V2G storage capability vastly exceeds the grid’s current and projected storage capability. If the value of avoided greenhouse gas emissions is included at $50/ton, the payback period decreases to 7.2
The study builds on a 2011 effort which looked into the six key applications of the Strategic Energy Technology (SET) Plan: wind, solar, nuclear fission, bioenergy, carbon capture and storage (CCS) and the electricity grid. kg/MW) was been used, along with forecasts of demand.
The program also includes a “second life” for used MINI E batteries, by repurposing these batteries into a stationary solar-powered electricstorage system located at the BMW Technology Office in Mountain View, California. Grid efficiency through managed charging, combined with a used EV battery “second-life” system.
Primary control serves to stabilize the network frequency when there are short-term fluctuations in the grid (caused, for example, by uneven feed-in of energy from renewable sources which deviates from the forecasts, by power plant outage or by fluctuations in consumption).
Analysis by Lux Research suggests that the market space represented by the emerging lower-cost, 200-mile-range EV will be the biggest coming growth opportunity in electricstorage for transportation. Batteries Electric (Battery) Forecasts'
Assess, in co-ordination with all relevant stakeholders, the extent to which the present market arrangements enable the financing of economically viable investments in new flexible gas-fired generation and cost-effective electricitystorage.
EV batteries are still useful after they live in an EV, primarily for stationary electricitystorage, which increases the capacity for renewable energy generation. This use of EV batteries at end-of-life could be extremely beneficial in the New Zealand context, given our target of 93% renewable energy generation by 2023.
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