Parked Electric Cars Earn Cash While Feeding the Power Grid
In Europe, electric vehicles are not just a low-emission way of getting from A to B, they are also being built as mobile generators. Newly designed Vehicle-to-Grid (V2G) models can both receive electricity from the grid and supply excess power right back during peak demand. Notably, the Parker Project in Denmark—carried out by grid integration specialists such as Enel, Nuvve and Insero, as well as automakers Nissan, Mitsubishi and PSA Groupe—has allowed V2G drivers to actually earn money just by parking the car at two-way charge stations. Bloomberg New Energy Finance reports that fleet operators in Denmark are earning up to $1,530 annually at these charge points.