ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Honda and V2X Suisse Consortium to Advance Vehicle-to-Grid Charging Technology in Switzerland

TOKYO, Jan 19, 2022 - (JCN Newswire) - As part of the next step into the energy management business, Honda is partnering with the V2X Suisse consortium to demonstrate the vital role of electric vehicles (EVs) and bi-directional charging technology in the future of energy management.

Honda will supply 50 Honda e electric vehicles to Switzerland's car sharing operator, Mobility. The Honda e units will be used as part of a car sharing fleet in a pioneering trial which uses the Honda e's bi-directional charging function to feed energy back to the grid when the vehicles are not in use for sharing. To allow bi-directional charging, Honda is also providing 35 Honda Power Manager units. These will deliver vehicle-to-grid (V2G) energy recovery capability for Mobility, at various urban and suburban sites across Switzerland.

The V2X Suisse trial includes the world's first mass-deployment of the COMBO-CCS (Combined Charging System) configuration with bi-directional functionality: currently Honda e is the only electric vehicle in the European market to allow both charging and discharging, as standard, for the European charging system CCS, making the Honda e the perfect vehicle to join the fleet.

Honda Power Manager is a bi-directional system that connects EVs to a power grid, enabling the collection and distribution of electricity between the two. This allows for intelligent balancing of the supply and demand of energy, including the better use of renewable sources and supports the stabilisation of the grid.

In this project, a total of 50 Honda e units will be allocated to 40 stations across Switzerland. A single Honda e can feed up to 20 kilowatts of power back into the grid when plugged into a bi-directional charging station. This not only regulates power to stabilise the grid during periods of high demand and minimise bottlenecks in the distribution of energy, but also reduces the need for expensive grid expansions as demand for EV charging increases.

Using a cloud-to-cloud IT platform developed by fellow consortium member sun2wheel, the Honda Power Manager units can manage the available power for each EV in 15 minute cycles to assess and regulate the flow of electricity. The scheme will enable Honda to verify the relationship between vehicle usage frequency and V2G operation, actual V2G operation time and frequency, and how this impacts on customer convenience.

Honda aims to create a sustainable society with zero environmental impact by connecting electrified mobility products and energy services, whilst contributing to the 'freedom of mobility' and 'expanding the use of renewable energy'. Not only the smart electric car, but innovations such as the bi-directional Honda Power Manager charging system will become increasingly important in a future carbon neutral society where both EVs and the use of renewable energy will become commonplace.

Through a real-world demonstration, Honda can conduct data collection and analysis of car sharing and V2G battery energy services, which will lead to the development of Honda's future energy services.

The actual demonstration of this project will start from September 2022, and will run until the end of 2023, includes consortium members Mobility, EVTEC, sun2wheel, tiko, Novatlantis and ETH Zurich, and is supported by the Swiss Federal Office of Energy.

Source: Honda

Copyright 2022 JCN Newswire . All rights reserved.
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.