How Electric Cars Owners Can Get A Paycheck | ThinkProgress

More innvoative thinking outside of the box, nudging us every closer to models for electric cars can work. From ThinkProgess:

Critics of electric cars often point to their high-priced batteries and limited range. An American startup thinks it can turn this equation on its head with technology that would generate an income stream for the buyers of such vehicles. It has set up a project in Denmark to show how they can cash in.

Nuvve Corp., based in El Cajon, Calif., is starting tests in Denmark with computerized electronic gear that aggregates the electrical output of parked electric cars, allowing them to act as one giant battery and to participate in wholesale electricity markets when power demand is high. If the power transmission authority requests electricity from the cars, Nuvve gets a response from each plugged-in vehicle indicating its available capacity.

Then Nuvve offers the vehicles’ aggregate power for sale and distributes the revenue back to the car owners. An electric vehicle owner could earn as much as $10,000 over the life of the car, depending on market price for electricity and the owner’s commitment to make the battery available to sell power back to the grid

via July 15 News: How Electric Cars Owners Can Get A Paycheck; BP Oil Still Washing Ashore in Gulf | ThinkProgress.

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