UK to Fund Two-Way Charging Technology to Turn EVs Into Power Plants
This article is for subscribers only.
The UK is providing funding for the development of two-way charging technologies that could turn electric vehicles into backup power sources and help the country meet its climate goals.
The government awarded £4.8 million ($6.1 million) to four UK projects working on so-called vehicle-to-everything systems, the Department for Energy Security and Net Zero said in a statement Wednesday. The technology enables consumers to charge cars when electricity costs are low and then use the energy to run appliances at home when prices are higher.