Flexitricity has partnered with ev.energy with the aim of forming the first aggregated balancing mechanism unit comprised of domestic electric vehicles (EVs).
The aggregator will use its automated trading software to sell flexibility in the balancing mechanism from the roughly 10,000 EVs connected to ev.energy’s smart charging platform.
It will do so through the new role of virtual lead party created as part of National Grid Electricity System Operator’s programme to widen access to the marketplace.
Andy Lowe, chief commercial officer at Flexitricity said: “Electrification of transport presents both a huge opportunity for suppliers and customer and a challenge for networks. The partnership with ev.energy allows us to take a leap forward in demonstrating how flexible EV charging of the future will look like.
“This partnership has the potential to revolutionise the way the EV market operates and most importantly it will make a significant impact on our 2050 net carbon zero targets.
“Flexitricity made history last year when we were first to utilise the balancing mechanism wider access arrangement to trade one of our customers’ battery assets. Now we’re looking to do the same with a network of EVs.”
William Goldsmith, head of commercial and grid services at ev.energy, said: “With a rapidly growing 60MW capacity of EV load currently on our platform, ev.energy is in an excellent position to help balance the GB energy system.
“By partnering with Flexitricity we are able to offer energy suppliers an advanced trading service that reduces their cost, benefits the grid, the environment, and delivers better value to their customers.”