Electric Vehicle | Nissan Invests in ChargeScape alongside BMW, Ford, and Honda to Achieve Vehicle-to-Grid Integration

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Electric Vehicle | Nissan Invests in ChargeScape alongside BMW, Ford, and Honda to Achieve Vehicle-to-Grid Integration

Date：2024-10-10

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Keyword tags： Charging V2G Nissan NA

Nissan Motor Corporation announced on October 7th that it has reached an investment agreement with ChargeScape, a joint venture established by BMW, Ford, and Honda, focusing on the energy integration of electric vehicles with the power grid. Upon completion of the transaction, Nissan will hold a 25% stake in ChargeScape, becoming an equal investor alongside BMW, Ford, and Honda, and will launch ChargeScape's vehicle-to-grid integration services for electric vehicle drivers in the United States and Canada.

BMW, Ford, and Honda announced the launch of ChargeScape last month, which uses software to wirelessly connect to electric vehicles and manage the flow of electricity with the grid in real-time, reducing demand through smart charging (V1G) during grid constraints, and even returning electricity to the grid (V2G) when needed. The company aims to simplify the complex process of integrating electric vehicles with the grid by providing a unified platform for utilities, automakers, and consumers.

Nissan has sold over 650,000 LEAF electric vehicle models in the United States, which will be among the first electric vehicles capable of exporting power back to the grid. Nissan is heavily investing in bidirectional charging (V2X) capabilities for its entire global electric vehicle fleet, and ChargeScape is currently constructing virtual power plants in California, Texas, and other markets.

"We are delighted to welcome Nissan to the ChargeScape joint venture," said Joseph Vellone, CEO of ChargeScape. "Nissan's decision to join us underscores their commitment to helping customers charge more cheaply and sustainably and highlights ChargeScape's central position in the vehicle-grid integration space." ChargeScape anticipates further investments from additional automakers in the coming months.

"ChargeScape helps us more conveniently and effectively connect utilities to EV drivers, making the ownership experience more valuable for drivers by giving them incentives for participating in managed charging and vehicle-to-grid programs," said Kent O'Hara, President of Nissan's 4R battery business. "Joining ChargeScape helps us contribute to a nationwide reduction in CO2 emissions by enabling utilities to use EV battery energy storage to balance peak grid demands while optimizing the use of renewable electricity sources."

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