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EDF Renewable Energy invests in vehicle-to-grid technology

EDF Renewable Energy is partnering with San Diego-based NUVVE Corp. for a vehicle-to-grid solution which will allow parked electric vehicles to serve as a virtual power plant by enabling bidirectional charging.

EDF Renewable announced Dec. 18 that it has closed on a Series A investment in Nuvve as part of a growth strategy for the distributed electricity and storage market.

Through the project, vehicle-to-grid charging and on-site solar will also be made available to corporate and industrial customers, or C&Is, in the U.S.

"C&Is are increasingly asking for electric vehicle charging infrastructure to offer the onsite benefit to employees and customers. EDF RE can deliver cost-effective, clean and reliable solar power to charge the [electric vehicles], while Nuvve brings a V2G solution that can reduce charging costs and serve the local grid," said Raphael Declercq, vice president of portfolio strategy at EDF Renewable Energy.

EDF launched its distributed electricity and storage business unit in March to focus on distributed solar, storage and emerging opportunities.