VW plans to tap electric car batteries to compete with power firms

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Volkswagen’s expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday. Electric car batteries could be used to stabilize the energy grid by charging the battery in times of excess supply and selling electricity back to the grid at times when supplies of electricity from wind and solar power are low, Jost said.

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VW plans to tap electric car batteries to compete with power firms originally appeared on Autoblog on Sun, 15 Mar 2020 08:30:00 EDT. Please see our terms for use of feeds.

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