Nuvve has joined the Environmental Valorization of Virtual Energy storage (EVVE) project to speed up the rollout of bidirectional charging stations for electric vehicles throughout Europe, the US-based specialist in vehicle-to-grid (V2G) technology said in a press release on Oct. 10. This initiative, which started in 2021 under the guidance of EDF Group and Dreev (a joint venture between EDF and Nuvve), plans to deploy 800 V2G charging stations. The project aims to lower CO2 emissions by utilizing EVs to store low-carbon electricity, introducing new V2G functionalities with the Combo CCS European charging standard.
“Nuvve’s focus is to deploy its V2G technology to help Europe as it prepares to scale its power system,” said Xavier Moreau, executive vice president of Strategy at Nuvve. “With this EVVE project, Nuvve is among the first to use the Combo CCS standard for V2G. Aggregate pools of electric vehicles will become a valuable resource for grid operators to manage a system with a higher share of decarbonized yet variable energy sources.”
Nuvve's contribution to the EVVE project includes the installation of about 100 charging stations, employing both CHAdeMO and CCS standards, representing a significant capital investment of $400,000. The company, a provider of V2G-as-a-service solutions, aims to integrate EVs into the energy grid efficiently, allowing for the storage and discharge of electricity according to grid demands. Nuvve brings over eight years of experience in operating the world's first commercial V2G service, offering Frequency Containment Reserve (FCR) services to the Danish TSO Energinet.
Apart from Nuvve, six other new partners have also joined the EVVE project. These partners are Altra (Iveco Group), BNP Paribas Mobility (represented by Arval and BNP Paribas Leasing Solutions), Enedis, Izivia, Stellantis and Volkswagen Group France. The project, supported by the EU's Innovation Fund, is working to promote V2G industrialization and facilitate the large-scale deployment of V2G schemes in Europe, benefiting stakeholders in the V2G value chain, especially EV manufacturers.
So far, 250 V2G chargers have been installed primarily in France and Denmark, illustrating the project's progress toward enabling a more adaptable and sustainable energy system through advanced V2G technology and its benefits for fleet operators and customers.
