Many of us are looking for methods to enhance our energy efficiency. However, it can be difficult for individuals to identify how to maximize efficiency and increase the proportion of renewable energy sources in their electricity.
Volvo believes that electric vehicles with two-way charging can be the solution. With two-way charging, the automobile will serve as an energy store on wheels since when you charge the car at home, the energy is passed on to the rest of the house, and when you charge the car on the go, the energy is passed on to other devices, such as a music system.
Volvo is the first electric vehicle to be hardware-engineered for two-way charging. Thus, Volvo EX90 has the potential to become a central energy source in the home while also allowing for more efficient energy consumption.
Following the introduction of two-way charging in the EX90, the Volvo Cars app will be developed and updated so that users can see when the electricity demand is at its lowest. In such cases, it will be feasible to conserve the stored energy from the car for later use, allowing for more efficient energy usage.
"With the Volvo EX90, you can transfer energy to various elements and gadgets in your daily life," says Olivier Loedel, Head of Electrification Ecosystem. "You may use the energy in various ways, from charging your electric bike in everyday life to plugging in electric cookware on your weekend camping trip." You can even use the energy to power your home during peak hours when demand and prices for electricity are at their highest."
In addition to passing on energy to other areas of daily life, the car can assist another suitable Volvo car by giving on some of the charging capacity.
The entire charging process will be autonomous and solely managed by an intelligent charging functionality in the Volvo Cars app in markets that enable two-way charging. The underlying algorithm also ensures that the battery is charged and discharged controlled, reducing the danger of battery degeneration.
Depending on the laws of the individual market, two-way charging may also allow users to support the electrical grid in various ways. This may entail, among other things, the potential of selling energy to the power grid during peak demand periods or buying energy during renewable energy surplus periods. Suppose most cars on the road in the future have this capability. In that case, the electrical grid will be more balanced while minimizing energy waste from renewable energy sources when production exceeds demand.
To put the preceding into context, consider the following scenario: You go home from work with plenty of energy left in the battery, which you charged earlier in the day using less expensive and more environmentally friendly electricity. When electricity prices are higher in the evening, you connect the automobile to the grid and discharge the car's energy.
"We believe in a future where our consumers may help the electrical grid by employing this technology because it allows for more efficient use of electricity in everyday life," says Olivier Loedel.
We intend to provide the gear required for bi-directional charging, including an improved wall box and a home energy management system. Other accessories will also be available, such as appliance adaptor plugs and charging cords for other vehicles.