He has sold more than 1 million electric cars in the UK alone over the past ten years. Additionally, it has a battery that can store enough energy to run many power plants at once. The answer to keeping the lights on in the upcoming months may lie in using this enormous reserve to power residences and “balancing the system.” Ev.energy believes in this and as an energy technology company, we aim to do just that. The company has created software for electric vehicle chargers that “talks” to the vehicle and the grid simultaneously. Vehicles can now be charged during periods of low demand, but will eventually be able to feed power back into the energy system. Ev.energy CEO Nick Woolley said: Putting the cars together in one system “will create a virtual power plant, which will be very important for the grid,” he explains. “When you control this power plant, you control the grid.” the UK’s electricity consumption will increase by at least twofold by 2050. This would necessitate at least four times as much clean electricity as is currently generated, as well as twice as much grid capacity. The grid must manage demand and become smarter in order to solve this problem. Electric vehicles, which are predicted to be nearly universal in some regions of the world within the next 20 years, provide a significant buffer for this. People are worried about electric vehicles and their effect on the grid, but they are actually a part of the solution, CEO of Octopus EV, an electric vehicle leasing company owned by Octopus Energy Group.
