EV & V2G charger might earn $15,000 over 10 years
Vehicle-to-grid (V2G) chargers allow EVs to discharge power back into the grid, and have the potential to earn money
Each EV with V2G charger might earn $15,000 over 10 years
Originally published by Green Car Reports, January 3, 2023
Each bidirectional EV charger installed could pay for itself in three years, and earn up to $15,000 over 10 years, according to projections from a firm that provides such equipment.
Chargers installed for vehicle-to-grid (V2G) operation, allowing EVs to discharge power back into the grid, have similar upfront costs to conventional chargers. But they also have the potential to earn money, said Melissa Chan, director of grid solutions and strategic partnerships at Fermata Energy, a tech firm that's developed a V2G platform, in a recent presentation for the CHAdeMO Association trade group.
In comparison, a conventional unidirectional charger could incur up to $30,000 over a projected 10-year life span from maintenance costs, according to Fermata. It underscores how, in the near future, small fleets—and eventually residential users—may be able to take advantage of this technology to reduce their energy and driving costs.
Read the full article on Green Car Reports
About Fermata Energy
Park it. Plug it. Profit.TM Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase energy resilience, and reduce energy costs. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn.