A unique energy initiative is underway in the Central Valley.
The Fresno Economic Opportunities Commission broke ground on a Vehicle-to-Grid (V2G) project on Tuesday.
“While it’s new technology now, we know this will be widely adopted,” said Fresno EOC Board Chairman Oliver Baines.
V2G technology allows energy to be pushed back to the power grid from the battery of an electric vehicle.
“Obviously, there’s a cost for charging those electric vehicles. We can reduce that cost by up to 50% but we can also generate revenue when the vehicles are parked, which is most of the time,” explained Gregory Poilasne, Nuvve CEO and co-founder. “That revenue can be two times the cost of charging the electric vehicles.”
See the full coverage: Fresno EOC unveils unique energy project to create sustainable future
