The Institution of Mechanical Engineers has published findings showing that using electric vehicles for renewable energy storage through vehicle to grid systems could reduce UK energy infrastructure costs by £70 billion. The analysis examines how EVs can act as distributed storage assets to balance intermittent renewable generation. The report provides a policy and engineering perspective on integrating transport electrification with grid flexibility requirements.
Why it matters: CPOs and charge point operators planning bidirectional charging infrastructure can use this £70 billion cost saving figure to strengthen business cases for V2G capable installations. The IMechE endorsement may accelerate regulatory frameworks and procurement specifications that favour smart charging and grid services revenue streams.