Rather than posing a threat to the grid, electric vehicles are beginning to help to solve Europe’s grid flexibility problems. EVs are already playing a role in grid-balancing markets in Norway, Sweden and the Netherlands. EVs have bid into the Dutch secondary reserve market, coordinated by German virtual power plant firm Next Kraftwerke. And Tibber, the company behind the bids in Scandinavia, is now gearing up to do the same in Europe’s largest economy, Germany. Tibber classes itself as a “digital energy company” offering consumers, via an app, a (relatively) frictionless way to switch to a different power provider. It essentially replaces a customer’s existing power supplier but using a very different pricing model. PayPal co-founder and venture capitalist Peter Thiel has invested $12 million via his Founder’s Fund. Tibber charges a flat fee, then passes on the wholesale price that it pays for electricity to customers without pocketing any mark-up on individual kilowatts. The company also offers energy management services to help customers lower their electricity consumption — something Tibber isn’t financially motivated to inhibit.
GTM 9th Oct 2020 read more »