Delaware Pilot Project Shows Electric Vehicle Owners Can Earn by Supporting Power Grid
A pilot project in Delaware has demonstrated that electric vehicle (EV) owners can earn significant income by participating in vehicle-to-grid (V2G) systems. The project involved retrofitting four Ford EVs owned by Delmarva Power to supply electricity back to the grid. This initiative allows parked EVs to act as collective batteries, storing excess renewable energy and distributing it during peak demand. According to Willett Kempton from the University of Delaware, this method could provide grid storage at a fraction of the cost of building new batteries. The project showed that each EV could potentially earn up to $3,359 annually by selling stored energy at market prices.