- OVO unveiled its breakthrough into energy technology with the launch of a range of revolutionary products that will make up the distributed, domestic energy system of the future.
- Founder and CEO Stephen Fitzpatrick outlined how OVO is solving future energy challenges using artificial intelligence, technology and years of working with customers to redesign the entire energy system.
- He introduced OVO’s proprietary platform VCharge, the intelligence behind the new energy system, that remotely connects and coordinates an unlimited number of small-scale household storage devices in real time, with split-second latency and no effort from consumers.
- He revealed the technology that could solve one of the biggest challenges of integrating electric vehicles onto the grid, with the world’s first widely available domestic bi-directional 6kW OVO Vehicle-to-Grid Charger, and the 7kW OVO Smart Charger.
London, 18 April 2018 – Today at its first ever Energy Technology Product Showcase, OVO unveiled a range of products that together with its intelligent platform VCharge will form the components of a distributed, domestic energy system for the future.
The range includes the world’s first widely available, domestic electric vehicle-to-grid charger, designed and manufactured in the UK. The charger will accelerate the global transition to electric vehicles and will enable drivers to sell surplus energy from their electric vehicle batteries back to the electricity grid – meaning they may never have to pay to be on the road again.
Building an intelligent distributed energy system for the future
OVO CEO and Founder Stephen Fitzpatrick said: “Renewable energy and electric vehicles are perfect partners for the 21st Century. Today we’re launching the world’s first widely available vehicle-to-grid charger, helping to solve one of the biggest challenges facing the energy sector. We’re enabling thousands of EV batteries to help balance the grid in times of peak demand, more renewable energy to come onto the system, and households to reduce their electricity bills.
“This is the first step in building the distributed energy system of the future. One that is truly customer centric and built around households and their connected energy storage devices.
“Our completely new approach to energy has been made possible by the convergence of emerging technologies, applying intelligence, and years of working with customers to redesign the entire energy system.”
The world’s first widely available domestic Vehicle-to-Grid Charger
The OVO Vehicle-to-Grid Charger is the world’s first widely available domestic bi-directional charger. Using VCharge, this charger will give drivers the option to discharge and sell surplus electricity from their electric vehicle batteries back to the electricity grid, helping to supply energy at times of peak demand. VCharge will also optimise vehicle charging to take advantage of cheaper electricity when it’s available and when there are more renewables in the system. Through their partnership, Nissan and OVO are leading the way with this technology.
In addition, OVO is launching a Smart Charger which, like the vehicle-to-grid charger, will enable electric vehicles to be charged during off-peak hours, thereby easing pressure on the electricity grid as well as allowing drivers to take advantage of cheaper off-peak electricity.
One of the first intelligent systems of its kind
An intelligent platform for the future electric grid, VCharge is a highly scalable system that captures the value of flexibility present in all energy resources. It remotely connects distributed flexible electrical devices and aggregates them into a virtual power plant. This connected system reacts as a whole to changes in demand and supply, recognising strain and reacting within a second. By intelligently managing both generation and demand in this way, using VCharge could facilitate more renewable energy generation and supply without the need for costly infrastructure investment.