Domestic V2X: Opportunities and Challenges

Recording of Tuesday, June 18, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 8:54 .

Michael Evans of Octopus Energy Group Highlights Expansion and Smart Charging Tariffs at B2G Session

Michael Evans from Octopus Energy Group outlines the company's multifaceted operations, including retail energy across various global markets, generation with £7 billion in assets under management, services such as EV leasing and heat pump manufacturing, and tech licensing via their Kraken platform. Kraken manages smart energy assets like electric vehicles (EVs), home batteries, commercial batteries, heat pumps, and thermostats. Evans introduces Intelligent Octopus Go—Octopus' flagship EV tariff offering low-cost smart charging for homes during off-peak hours. The tariff ensures user preferences are met even if it is less cost-effective for the company. This model has seen success in multiple countries and plans further expansion into Europe. The V2G (Vehicle-to-Grid) tariff promises zero-cost car charging by leveraging customer data to optimize revenue streams across grid services. Despite current compatibility challenges with cars and charge points capable of V2G technology, this approach integrates customers into a virtual power plant that participates in balancing mechanisms within national grids. A seamless customer journey remains pivotal to Octopus Energy's strategy: bundling installation services with tariffs through a single point of contact enhances overall satisfaction while ensuring significant annual savings on energy costs.

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Speaker

Michael Evans
Optimisation and Analytics Lead
Octopus Energy
United Kingdom

Talk of session: Vehicle-2-X and Grid Congestion

As the number of electric vehicles (EVs) on the roads continues to grow, concerns about grid congestion and its impact on the charging infrastructure are rising. This session will explore the potential of v2x technology for leveraging the power of EV batteries for flexible energy storage in order to ease the burden on the grid. Experts will discuss the critical role of v2x in managing peak power demand, optimizing charging infrastructure utilization and balancing grid supply and demand. Attendees will gain insights into the latest developments and hear case studies on v2x solutions that have prevented grid congestion, ensuring a sustainable and reliable energy transition.