In Japan, the green light has been given for a publicly funded demonstration project about V2G technology. The goal is to set up a vehicle to grid charging network for BEVs and PHEVs at multiple locations in Japan.
Next to the testing of technical components, the venture will also address economic questions. A business model will be developed, which is supposed to outline a sustainable model for renewable energy sources and the stabilization of power networks.
Financially, the initiative is supported by the ministry for economy, traffic and infrastructure, which also includes subsidies from the FY2018 Sustainable open Innovation initiative.
Project locations will include Mitsubishi’s factory in Okazaki, the Japanese prefecture of Aichi and the Shizuoko location of the Shizuoko Gas company. The project is being headed by the Japanese energy company TEPCO.