Yesterday the Mobility Open Blockchain Initiative (MOBI) unveiled its first electric vehicle grid integration (EVGI) standard. The EVGI working group is led by Honda and General Motors (GM).
When one thinks of electric vehicles and the grid, recharging the car is the primary purpose that springs to mind. However, in the renewable energy sector, batteries are an expensive component to enable solar, wind or other energy to be stored when excess energy is generated. And electric vehicles provide a ready source of large batteries. Hence there’s been significant activity around using cars to store renewable energy in decentralized energy grids.
To that end, last year MOBI set up a working group to explore the topic. Yesterday’s announcement signals the release a design specification. The areas covered are Vehicle to Grid Integration (V2G), Tokenized Carbon Credits (TCC), and Peer to Peer (P2P) applications. The standards are agnostic to the blockchain or distributed ledger technology (DLT) to be used. It’s more about specifying data and functions.
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