Electric vehicle energy storage profit award

Will electric vehicle batteries satisfy grid storage demand by 2030?

Renewable energy and electric vehicles will be required for the energy transition, but the global electric vehicle battery capacity available for grid storage is not constrained. Here the authors find that electric vehicle batteries alone could satisfy short-term grid storage demand by as early as 2030.

Are electric vehicles a good option for the energy transition?

Our estimates are generally conservative and offer a lower bound of future opportunities. Renewable energy and electric vehicles will be required for the energy transition, but the global electric vehicle battery capacity available for grid storage is not constrained.

What are eligible activities for EV batteries?

According to the Department of Energy, eligible activities will include second-life applications for EV batteries and technologies and processes for final recycling and disposal of EV batteries. For more information, see DOE Notice of Intent.

Does technical EV capacity meet grid storage capacity demand?

Technical vehicle-to-grid capacity or second-use capacity are each, on their own, sufficient to meet the short-term grid storage capacity demand of 3.4-19.2 TWh by 2050. This is also true on a regional basis where technical EV capacity meets regional grid storage capacity demand (see Supplementary Fig. 9).

Can EV batteries supply short-term storage facilities?

For higher vehicle utilisation, neglecting battery pack thermal management in the degradation model will generally result in worse battery lifetimes, leading to a conservative estimate of electric vehicle lifetime. As such our modelling suggests a conservative lower bound of the potential for EV batteries to supply short-term storage facilities.

How will EV batteries help the energy transition?

Provided by the Springer Nature SharedIt content-sharing initiative The energy transition will require a rapid deployment of renewable energy (RE) and electric vehicles (EVs) where other transit modes are unavailable. EV batteries could complement RE generation by providing short-term grid services.