e-Formula, known for its expertise in microgrid management and battery technologies, would serve as the project lead for this 95 EV V2G Hub project, and Nuvve is expected to be the technical project manager and service provider.
Nuvve currently anticipates completion of contract negotiation for this project in March, with underlying business assumptions allowing for Nuvve to deploy a mix of unidirectional and bidirectional charging stations ranging from 11kW to 150kW. The company will contract with Taipower to be compensated for grid services through the combination of EVSEs provided by Nuvve and stationary storage provided by e-Formula. By combining Nuvve's world-class V2G technology with e-Formula's extensive experience in energy solutions, this project would set a new standard for sustainable urban transit.
“This project is not just a milestone for Nuvve and e-Formula but a leap forward for Taiwan's EV infrastructure,” said Gregory Poilasne, CEO of Nuvve. “Our GIVe platform stands at the heart of this endeavour, showcasing the immense potential of V2G technology in revolutionising energy management and EV integration.”
Nuvve plans to leverage its acclaimed GIVe platform to manage the V2G and V1G chargers, Solar PV Systems, and Battery Energy Storage Systems (BESS). Its proprietary platform is key to providing advanced grid services, including dynamic power management between EV batteries and the grid.
e-Formula brings invaluable experience from its involvement in high-profile projects like Chiayi Xinyi, the first service station operated by 100% renewable energy in Taiwan; Project Tainan Qianfeng, a 100% renewable energy service station with multi-source energy storage integration; and Project Hualien Guangfu, which featured a service station with energy storage mobility for emergency rescue.
Taiwan Power Company (TPC) has allocated land in Zhongxiao Road, Hsinchu, for the development of a state-of-the-art smart parking structure. This facility is anticipated to feature 325 parking spaces, some equipped with a mix of V2G and V1G charging stations, underscoring Taiwan's commitment to sustainable energy and smart infrastructure development.
Upon the successful negotiation of a final contract, this project is intended to span over 20 years and has the potential to become a benchmark in the industry. It would combine Nuvve's world-class V2G technology with e-Formula's extensive experience in energy solutions, setting a new standard for sustainable urban transit.#
