“There’s a lot more value to an EV battery than simply powering a car,” David Slutzky, the founder of Fermata Energy, a V2X technology company, told The Daily Beast. Creating more uses for these types of batteries may not only help push more consumers toward adopting EVs, but also help create a larger market for these types of batteries themselves.

Photo Illustration by Kelly Caminero/The Daily Beast/Getty

In one pilot program, Fermata found that by plugging in one Nissan LEAF (the only EV with bidirectional charging capabilities on the market in the U.S. today), the Burrillville Wastewater Treatment Facility in Rhode Island received a check for [$4350]* in three months by participating in a program called behind the meter demand charge management with National Grid, the local utility. Another ongoing Fermata pilot program in Boulder, Colorado is finding that one EV saved a recreational center an average of $270 per month when power was put back when electricity usage peaked in the building, according to Slutzky.

“This may not seem like a lot of money to some people, but it’s savings over time that’s also environmentally sustainable and making use of what you already own,” Slutzky said. He envisions the V2G market first taking off for commercial businesses, like municipalities and logistics firms that will own fleets of EVs.

 Read this article in its entirety on The Daily Beast.

 *This is a correction to the original article.

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.