Octopus Electric Vehicles is preparing a path for its vehicle-to-grid (V2G) project Powerloop to become the first to enter National Grid ESO’s Balancing Mechanism. Developed by a consortium run by Octopus Electric Vehicles and Octopus Energy in partnership with UK Power Networks (UKPN), Energy Saving Trust, Open Energi, CPS, and Guidehouse, Powerloop has allowed over 130 electric vehicles (EVs) to become both generators and consumers of energy. The consortium has been collaborating with National Grid ESO to develop the foundations that will allow Powerloop to enter the Balancing Mechanism in the coming months. Together they have been simulating qualifying and participating via existing routes to market, to ensure domestic EV drivers will be able to benefit from grid balancing.
Current 12th Oct 2021 read more »