EDF Renewable Energy closes series A investment in vehicle-to-grid start-up

By Paul Dvorak Editor’s note: This is a curious idea, using EV batteries as power storage to stabilize the grid. The investment enables, says the release, increased renewable energy and lowers EV cost of ownership.
EDF Renewable Energy says it has closed on a Series A investment in San Diego-based Nuvve Corporation, a pioneer in Vehicle-to-Grid (V2G) technology. The investment and partnership with Nuvve is part of EDF Renewable Energy’s strategic growth in the distributed electricity and storage market. EDF RE joins Nuvve with Toyota Tsusho in the Series A round.
Nuvve’s proven V2G solution allows parked electric vehicles (EVs) to serve as a virtual

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