NETA Auto, CATL, 360 Security Technology, LynkVertx team up on V2G pilot project

Shanghai (Gasgoo)- On June 13th, NETA Auto, CATL, 360 Security Technology Inc., and LynkVertx signed a strategic cooperation agreement for the "V2G (Vehicle-to-Grid) Smart Energy Demonstration Project" at NETA Auto's Tongxiang Full-Ecosystem Smart Factory, according to a post on NETA Auto's WeChat account.

This strategic cooperation among the four parties aims to advance the development of cutting-edge V2G power interaction technology. Electric vehicles will not only serve as green transportation tools but also become intelligent energy carriers, providing additional income for users, enhancing the grid's overall utilization of clean energy, promoting energy innovation, and facilitating the low-carbon sustainable development of the industrial chain.

Photo credit: NETA Auto

According to the agreement, the four parties will collaborate closely on V2G technology, business, and related fields, engaging in deep strategic cooperation. They will leverage their pioneering advantages in energy innovation to explore new markets and jointly build a "vehicle-pile-grid-cloud" ecosystem to achieve green and low-carbon development, aligning with the China’s national dual-carbon goals to create new quality productivity.

In addition, NETA Auto plans to complete the V2G smart energy demonstration project in the Tongxiang smart factory park by the end of 2024, integrating the park's electricity demands. This will be achieved by relying on photovoltaic energy storage and V2G bidirectional charging piles, implementing intelligent peak shaving and valley filling, and coordinated photovoltaic storage and charging power transactions. This integration will enable bidirectional energy transmission and precise energy management between vehicle storage, factory load, distributed photovoltaics, and the grid, realizing the mobile energy storage value of electric vehicles, providing zero-carbon energy supply for the park, and reducing electricity costs. Simultaneously, the four parties will deeply cooperate in V2G technology research and development. Through the demonstration project in Tongxiang, they aim to scale up the promotion of the V2G interaction industry.

Additionally, NETA Auto plans to extend V2G technology to personal charging piles. By using high-performance, long-life batteries and applying advanced bidirectional charging and discharging algorithms and V2G battery maintenance strategies, the system will ensure long-term stable operation, alleviating user concerns about potential battery lifespan reduction caused by V2G. Users can confidently use their electric vehicles as energy storage devices, storing inexpensive night-time electricity and selling it to the grid during peak hours for additional income.