Vehicle-to-Grid Technology Market Trends

One upcoming trend in the vehicle-to-grid technology industry is the exploration of applications beyond traditional electric vehicles. V2G systems may be integrated with other forms of energy storage and generation, such as stationary batteries and renewable energy sources. This expansion broadens the scope of V2G technology, creating more versatile and integrated solutions for grid management and support.

Quoting an instance, in November 2023, Polestar announced embarking on a significant vehicle-to-grid (V2G) initiative in Gothenburg, Sweden, supported by funding from Vinnova, the Swedish Innovation Agency. The project involves a substantial fleet of Polestar 3 cars and collaborative efforts with key stakeholders in the electricity grid sector. Partnering with entities such as Svenska kraftnät, the Swedish National Grid authority, local grid owner Göteborg Energi Nät, Vattenfall Eldistribution, Easee (a home charging provider), and research partner Chalmers University of Technology, Polestar aims to explore viable V2G business models and implement scalable use cases with broader regional applications.