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Friday, 7 August 2020, 08:03 HKT/SGT
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Source: Mitsubishi Motors
Leveraging EV/PHEV as Resources for Virtual Power Plants Commencement of Trial Operation of V2G Business Demonstration Facilities

TOKYO, Aug 7, 2020 - (JCN Newswire) - Thirty companies including Tokyo Electric Power Company Holdings, Inc. have used the grant to cover the costs of its "FY2020 Demonstration Project for the Construction of a Virtual Power Plant that Utilizes Demand-Side Energy Resources (VPP Aggregation Project)," for which a public offering was made by the Ministry of Economy, Trade and Industry (METI) through its Sustainable Open Innovation Initiative, to commence the demonstration phase of this experiment. (Announced on June 8, 2020)

We would like to inform you that today, August 6, 2020, trial operation commenced of demonstration facilities built to demonstrate the commercial applications of V2G (Vehicle to Grid) that leverages electric vehicles (hereinafter referred to as, "EV/PHEV") as energy resources, an initiative that the Tokyo Electric Power Company Holdings, Inc., TEPCO Energy Partner, Inc., TEPCO Power Grid, Inc., Mitsubishi Motors Corporation, Hitachi Systems Power Services, Ltd., and SHIZUOKA GAS CO., Ltd.(1) have been working on together.

Through this experiment we aim to demonstrate how EV/PHEV can be leveraged as VPP resources to enable us to balance the continual expansion of renewable energy sources (hereinafter referred to as, "RES") with power grid stabilization. With our sights on FY2021, we are currently examining the construction and commercialization of Vehicle to Grid (V2G) systems that can adjust power demand/supply through bidirectionality with EV/PHEV storage batteries.

This demonstration project was commenced in FY2018 by METI, and this is the third year that the six companies mentioned above have participated in the project. During FY2018(2), the first year of the project, we constructed a demonstration environment to confirm that bidirectional power transfer is possible between EV/PHEV and power grids, and we confirmed that this can contribute to the power grid stability (announced on February 26, 2019). During FY2019(3), the second year of the project, we added approximately 40 EV/PHEV (for a total of 59 vehicles) and constructed one of the largest experiment environment in Japan. Furthermore, in light of the mobility needs of EV/PHEV, we enabled simultaneous control of EV/PHEV parked at the demonstration sites via an online system.

Going forward we shall continue to deliberate a V2G business model while also examining ways to refine V2G control in accordance with the business model, such as examining methods for backing up sudden mobility needs (for example fluctuation in the number of vehicles) (inter-site power transfer).

By effectively leveraging the storage batteries of EV/PHEV, the consortium aims to promote the use of RES in order to solve issues related to energy and the environment.

(1) Consortium Members (six companies)
Core companies:
- Tokyo Electric Power Company Holdings, Inc.

Companies participating in the Demonstration Experiment:
- TEPCO Energy Partner, Inc.
- TEPCO Power Grid, Inc.
- Mitsubishi Motors Corporation

Companies participating in the demonstration experiment and serving as resource aggregators (one company):
- Hitachi Systems Power Services, Ltd.

Resource aggregators (one company):
- SHIZUOKA GAS CO., Ltd.

(2) FY2018 Demonstration Project for the Construction of a Virtual Power Plant that Utilizes Demand-Side Energy Resources (VPP Aggregation Project)
(3) FY2019 Demonstration Project for the Construction of a Virtual Power Plant that Utilizes Demand-Side Energy Resources (VPP Aggregation Project)

For more information, visit https://bit.ly/3ijFkzM..


About Mitsubishi Motors

MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

Aug 7, 2020 08:03 HKT/SGT
Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
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