US-based vehicle-to-grid (V2G) technology startup Nuvve is making significant headway in the Asian market, with negotiations underway for a pioneering project planned by Taiwan's grid operator and utility, Taipower. The project, set to be located in the city of Hsinchu, will feature an advanced electric vehicle (EV) charging hub equipped with bidirectional vehicle-to-grid chargers and V1G smart charging units.
V2G technology transforms EV batteries into stationary energy storage assets, allowing stored energy to flow back to the grid when needed. This initiative aims to aggregate the capabilities of numerous cars, akin to residential virtual power plants, thereby enhancing grid stability and resilience.
Partnering with Taipei-headquartered renewable energy developer e-Formula, Nuvve will act as the technical project manager and service provider for the Taipower project. The collaboration will see the deployment of bidirectional and unidirectional charging units, ranging from 11kW to 150kW, alongside stationary battery storage to participate in ancillary services and electricity market opportunities.
While negotiations for the project's contracts are ongoing, Nuvve anticipates the deal to be concluded by March. Once finalized, the project is slated to operate for approximately 20 years, marking a significant milestone in Taiwan's efforts to integrate renewable energy sources and advance its EV infrastructure.
Nuvve's expansion into Taiwan follows its recent international endeavors, including managing EV charger and battery storage resources in Norway and Denmark. This move underscores the company's commitment to driving innovation and sustainability across global energy markets.
Source: energy-storage.news