Denmark first test market

US company Nuvve has chosen Denmark to launch a new technology allowing electric cars to sell energy from batteries back to the grid. A solution which helps solve peak hour demand, uses excess wind energy - and financially compensates the car owner.
An Electric Vehicle (EV) is typically parked 95 percent of the time. The most expensive component in the car is the battery, so why not put it to work making EVs not just environmentally but also financially appealing? That’s the idea behind Nuvve’s new V2G (Vehicle to Grid) technology; a solution having gone through 10 years of development in the US and now ready to be commercially launched in Europe with Denmark as the first test market.

Danish smart grid perfect for new technology
The US company is in the process of opening a head quarter in Denmark. Nuvve will start out by hiring eight Danish employees for departments in Horsens and Copenhagen, but is planning to quickly scale up both staffing and the scope of the pilot project targeted to start in September depending on project financing. CEO of Nuvve, Gregory Poilasne, says that one of the reasons the company chose Denmark is due to the large amount of renewable energy in the Danish grid resulting in significant power fluctuations from sources such as wind.

“As opposed to countries like Sweden and France where the power supply is fairly constant as a result of large nuclear and hydropower production, the dynamic Danish grid is an optimal choice for our technology. We offer the most economic and ecologic solution to support ancillary services and power regulation while generating revenue for EV owners without really impacting their vehicles or driving needs,” says the Nuvve CEO, who also stresses Denmark’s significant experience with EVs as a deciding factor. “At the same time, Denmark’s grid is closely connected to the rest of Europe, so for us it’s also a stepping stone to the neighboring countries such as Germany and the Netherlands.”
Full article is available here.

Source: Ministry of Foreign Affairs of Denmark, June 2011