case study: Electrification of the economy
Although there will be speed bumps along the way, the reality is that, ready or not, the EV revolution is coming. It’s just a matter of when.”
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OPPORTUNITY, INNOVATION AND NEW TECHNOLOGY. Recently Vector introduced a two-way EV charger that transforms EVs into mobile power sources. When connected to a Vehicle-to-Grid charger at home or work, charge from an EV can be used as a power boost for the building, as a cheaper power source when electricity prices are at their peak, and will eventually be able to power homes during electricity outages. This type of technology has the potential to smooth out the growing impact EVs will have on our peak electricity demand, while also giving people energy reserves on demand, greater flexibility and an alternative to using energy from the grid. When you add solar and battery systems into the home along with emerging home energy management systems, you’ve got a truly future-ready smart energy home that diversifies energy supply, lowers carbon emissions and reduces consumer energy costs.
EVS COULD BE THE ANSWER. Although there will be speed bumps along the way, the reality is that, ready or not, the EV revolution is coming – transforming the energy world in the process. It’s just a matter of when. Beyond clearing the air and achieving our carbon neutral targets, Vector believes EVs could assist the resilience of power networks – particularly as the frequency of extreme weather events increases and demands we diversify supply as much as possible. As a leading voice in the new energy future discussion, Vector is committed to understanding these trends and providing solutions for consumers. n
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