Octopus prepares to drive EVs into Balancing Mechanism

Octopus Electric Vehicles has announced it is preparing to enter a fleet of 130 cars into the Balancing Mechanism as part of its Powerloop vehicle-to-grid charging project. The Powerloop project, led by Octopus Electric Vehicles and Octopus Energy, was launched in 2018 to enable Nissan Leaf drivers within UK Power Networks’ licence areas to earn money by exporting power back to the grid during periods of peak demand using Wallbox’s bi-directional Quasar charger.

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