V2G Management Platform Helps Utilities Use EVs as an Energy Source
V2G reverses the traditional role of the EV charger by allowing an EV to return spare power from its battery to the grid, so utilities can distribute the excess energy to other customers.
Vehicle to Grid operations, Image sourced from AutoGrid
AutoGrid, a wholly-owned subsidiary of Schneider Electric (acquired last year), has announced the release of its AutoGrid Flex EV solution.
The new AutoGrid Flex EV is specifically tailored to the needs of V2G programs, assisting utilities with setting up their programs, acquiring new customers and partners, and managing EV and EV charging participation on the grid.
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Funding Updates and Other News
Horizon Quantum Computing,a Singapore-based company building software development tools to unlock the potential of quantum computing hardware, announced today that it has raised USD 18.1 million Series A investment from Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund.