Friday, February 19, 2010

A Way to Make Money from Your Car Using V2G Tech?

V2G means vehicle to grid and a proof-of-concept car has just been introduced.

When V2G becomes more widespread, the power could be drawn from millions of vehicles plugged into sockets in home garages or from commercial fleets, such as the US Postal Service's vans, for a much smaller footprint than that of the power plants.

Grid management companies like PJM Interconnection currently pay around 30 dollars an hour when taking power from a car.

The idea that you can plug your car in for like 12 hours and earn $360 a day sounds like a pretty good deal to me. I wonder how much companies like PJM Interconnection is selling that power back to the power companies for?

Also it would be interesting to generate power and store it by just having the wheels of the car move as well. Then you can sell even more power to these companies. In any case being paid to plug in your car is the exact incentive that will make electric cars take off in the US.

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