E-Cars at the Power Exchange

Industry News – September 15, 2022

The energy and mobility provider "The Mobility House" trades electricity from 4,500 electric car batteries at the European power exchange in Paris.

The Mobility House has already been marketing so-called flexibilities, i.e. electricity to stabilize the grid, from stationary and mobile electric car batteries since 2016. Until now, according to the company, a "long-standing close partner" took over the marketing on the European energy markets. Now, The Mobility House has its own connection to the European power exchange EPEX SPOT SE and trades flexibilities of 100 megawatts from 4,500 electric car batteries.

As vehicle-to-grid applications become more real with the first bidirectional vehicles and charging stations, active and direct participation as an official exchange member is now "mandatory," the company announced. Only in this way can the specific flexibility of electric cars be traded in the best possible way without aging the battery. In this context, the electric car batteries are controlled and connected via the self-developed "EV Aggregation Platform". "Over many years, we have been able to gain valuable experience in day-ahead and intraday trading on the basis of our EV Aggregation Platform in numerous projects with well-known partners," says Robert Hienz, CEO of The Mobility House.

With the connection to the power exchange that has now taken place, the company wants to ensure the further development of its own technology and algorithms. The aim is to design the system for "rapid growth", both in terms of the availability of electric car batteries and the demand from energy suppliers. In addition, there are the requirements of the car manufacturers.

For electric car owners and especially fleet operators, bidirectional charging could well be worthwhile. The Mobility House expects "significant revenues per vehicle," which would even compensate for the cost of the traction current. Soon, private customers will also be able to benefit from bidirectional charging. The Mobility House is preparing corresponding products.

So far, however, only very few electric car models support bidirectional charging. The technology is to be rolled out on a large scale for the first time with the ID.Buzz, Volkswagen's electric van, and will then follow in the VW Group's other electric models.

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