Today blockchain alliance Energy Web announced a partnership with Volkswagen Group Innovation to explore integrating electric vehicle (EV) charging points. The idea is to use EV batteries to store surplus renewable energy, which can then be released into the main grid when energy demand exceeds supply.
“Seamless end-to-end electricity market participation for electric vehicles” is the goal of the partnership. Participation will include Electrify America (or rather its public key infrastructure).
Electrify America is a Volkswagen (VW) subsidiary with more than 500 charging sites in the U.S., set up by VW in 2016 as part of its settlement over the VW Diesel scandal. The company committed to investing $2 billion in Zero Emission Vehicle charging infrastructure.
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