Another step towards reducing carbon emissions
Changing the world can take time.
It’s also something you can’t do alone.
At Cenex, we believe that reducing carbon emissions to zero, or as close to that as possible, is the way we are going to change the world for better.
Since the company was founded, we have dedicated our efforts to developing solutions for Ultra Low Emission Vehicles (ULEV), then helping educate public and private sector fleets on how they can make the transition with their vehicles and infrastructure.
In the past few years, we have worked closely with Innovate UK to launch trials across the country that explore the potential for electric vehicles.
One of the most exciting new energy solutions we are looking at is vehicle-to-grid (V2G) technology, which is why we are working with E-Flex. Being able to demonstrate the value of this technology in a real-world setting, in a city as complex as London, will help the wider industry understand what can be done.
Why should fleets care about V2G?
Whenever we talk about the value of reducing emissions, we know that there is not a one size fits all definition.
Value can mean helping the environment through reducing harmful emissions. It can also mean improving efficiency of vehicles which saves time and money.
The value of V2G is not only all the benefits you see from deploying electric vehicles, but also in the additional ones made possible by the technology. For those with fleets of vehicles that follow predictable patterns, V2G allows for better optimisation of on-site generated power, as well as the opportunity to sell back excess energy. In the future, it may even be used to manage and improve the battery life of the vehicle.
What do we need for V2G to grow?
We are already seeing V2G become a feasible solution for niche customers; now we need to see it become a reality for everyone.
When looking at the electric vehicle industry, one of the big factors that has previously held it back has been the costs involved. However, with everything from charging points to the vehicles dropping significantly in prices, this has encouraged greater take-up.
This is true of V2G as well. Just a few years ago, the hardware needed could cost up to £16,000. pounds, now that has dropped to around £6,000. Soon it could be as little as £2,000. On top of that, projects like E-Flex are helping to demonstrate the real-world revenue opportunities, helping to make the value clearer for fleets and other customers. Additionally, we are seeing interest in AC V2G, rather than DC V2G, which allows for the charging technology to be built into the vehicles. This could have a dramatic impact on the infrastructure costs for V2G.
Realistically, following the successful completion of the E-Flex trials, we are expecting to be able to demonstrate a clear business case for V2G for certain customers. Within a decade, we would expect costs to have reduced significantly enough that V2G technology could be available to anyone who wants to use it.
Here to help
Ultimately, it’s not just about the technology but the people. At Cenex, we have never seen the value in simply developing technology in isolation. We believe in the value of going out and meeting customers and businesses to find out what they need to make it successful.
We want to improve everything from the vehicles being used to the infrastructure serving them, so this project is the perfect way to do all of this.
Together we can help you create a more sustainable world.
If you are interested in knowing how we could help you, please get in touch here.
Hear more from Cenex at the Everything EV Event taking place on the 2nd/3rd April.