DISCOVER
Background
Currently, over 50% of the UK's electricity comes from renewable energy sources. While this growth aligns with the UK's goals of achieving net-zero carbon emissions, it presents several challenges:
Intermittency of Renewable Energy: Due to the unpredictability of weather and other natural factors, the power generation from renewable sources can fluctuate dramatically. When wind and sunlight are abundant, this can lead to an excess of electricity, resulting in waste. Conversely, during times of insufficient wind and sunlight, there may not be enough power to meet peak demand.
Insufficient Power Supply: The challenge of ensuring a stable and continuous power supply arises when renewable energy capacity is unable to meet high demand, threatening the stability of the grid and consumer needs.
Reliance on Natural Gas in the Electricity Market: To compensate for the instability of renewable sources, the UK electricity market relies on natural gas as a backup. This dependency leads to fluctuations in electricity prices, particularly during periods when natural gas prices are high, increasing the cost of electricity.
Looking ahead to 2030, the UK's electricity grid is expected to undergo profound changes.
- the UK’s renewable capacity will increase fivefold
- Plans are already in action to increase offshore wind’s output to 50GW by 2030 – helped by a £200 million government cash injection and financial incentives. Meanwhile, solar capacity could grow to roughly 70GW in the same period.
Significant increase in demand for battery storage capacity in the UK.
Fossil-fuel fired plants have traditionally been used to manage electricity peaks and troughs, but battery energy storage facilities can replace a portion of these so-called peaking power generators over time.
80% new cars sold in the UK to be zero-emission by 2030.
By 2030, the UK is expected to have around 8 to 11 million hybrid or electric vehicles on the road. By 2030, around 30% of cars in the UK are expected to be EVs.
These EVs are not just transportation means but also serve as mobile energy storage units, collectively offering about 400 GWh of storage capacity. This substantial storage potential can be utilized through vehicle-to-grid (V2G) technology, where electric vehicles not only charge from the grid but can also feed electricity back into the grid during peak times. This system not only optimizes grid management and enhances energy efficiency but also supports the UK in achieving its target of reducing carbon emissions to zero.
Technology : Vehicle-to-Grid(V2G)
Vehicle-to-grid(V2G), enables energy to be pushed back to the grid from the battery of an EV.
V2G helps balance grid loads by charging when demand is low and discharging to the grid when demand is high.
Interview
We interviewed current EV users and came up with three significant pain points:
- Mileage anxiety
- Lack of transparency about electricity prices and other information
- Don't know V2G technology, but have a strong interest in it