Hyundai Motor and Kia are expanding Vehicle-to-Everything (V2X) services, including Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H) services, in various regions such as Korea, Europe, and the U.S. These initiatives aim to turn electric vehicles (EVs) into essential components of the global energy ecosystem by allowing them to store, supply, and share electricity with grids and homes. By launching V2G services in the Netherlands and Korea's Jeju Island, the Group is promoting renewable energy, reducing electricity expenses for customers, and supporting grid stability. The expansion of V2H services in the U.S. will enable EVs to provide backup power during emergencies and peak-demand periods, enhancing energy resilience and promoting efficient, renewable energy use.
Tag: Netherlands
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AI powered solar forecasting helps UK grid operator reduce balancing costs
Open Climate Fix's Quartz Solar tool, integrated into the National Energy System Operator's operations, saves Great Britain's grid operator GBP 30 million per year by accurately forecasting solar generation and reducing the need for reserve capacity. The AI-powered tool, combining machine learning, satellite imagery, and weather data, updates every 15 minutes and has halved forecasting errors. By using multiple data sources and providing probabilistic output, the tool has improved forecasting methods and could potentially save up to GBP 150 million per year by 2035. Open Climate Fix, a non-profit organization founded in 2019, is exploring commercialization opportunities to fund further research and expand into other markets like the Netherlands, focusing on AI-powered energy system projects with open source code.