Source: Institute for Energy Economics and Financial Analysis
Honda joined forces with American Electric Power (AEP) this week on a mission to give new life to used electric vehicle (EV) batteries and to expand EV integration into the power grid.
Under the agreement, Honda will take used batteries from its short-lived Fit EV to AEP, which will study how best to integrate those systems into the electric grid. For the Ohio-based utility, it is the latest investigation into the implications of large-scale electrification, as it works to identify the best way to support the emerging mobility system. What AEP learns will be shared with Honda, so they can jointly develop new technology and industry standards for vehicle grid integration.
“Together with AEP, we are exploring opportunities to use the 2nd life battery to improve energy security, reduce CO2 and prepare for broad scale electrification of the transportation ecosystem,” Ryan Harty, manager of Connected and Environmental Business at American Honda Motor Co., said. “Neither automakers nor utilities can address these complex technical, policy and business issues alone.”
The project aims to address some challenges for the growing EV market. Managing demand will be a part of this, but increased renewable energy incorporation and the use of EV batteries as storage also require large-scale planning. Repurposing used EV batteries as additional power stores factors into this as a way to reduce strain on the power grid.
Evenings, for example, could become a source of power spikes, as increasing numbers of drivers charge up after work. Batteries could store energy in anticipation of such moments, bolstering supplies during lower demand hours or when solar and wind are generating the most energy.