Connect with us

Published

on

Polestar has announced that it will create two large trial virtual power plants in California and Gothenburg, Sweden, to examine how Polestar 3’s vehicle-to-grid capability could be leveraged to help stabilize grids and earn money for EV owners while their vehicle is parked.

We’re at Polestar Day in Santa Monica today, where the company is showcasing its future plans to media, investors and owners. For more news from the day, check out our Polestar Day News Hub.

Vehicle to grid, or V2G, is a concept in EVs that allows a vehicle to not only consume energy from the electrical grid, but also to discharge its batteries back into the grid to provide energy when needed.

This is all well and good on a single vehicle basis, but when you combine several vehicles across a large fleet, it has the potential to help stabilize grids by acting as large scale, immediately-dispatchable distributed energy storage.

These collections of distributed batteries have been referred to as “virtual power plants,” and they allow home batteries to take the place of “peaker” electricity plants, which typically run on fossil gas and are highly expensive and polluting. Tesla has launched several of these in various territories, including one in Puerto Rico that could become the world’s largest, and one that just recently got rolled out in San Diego.

But Tesla’s virtual power plants only combine stationary Powerwalls together, which each have a total energy capacity of 13.5kWh. Meanwhile, electric cars typically have much larger batteries than this, and could thus provide a lot more power to the grid, but Teslas don’t have bidirectional charging (and they’re being kinda noncommittal about it).

Enter, then, the Polestar 3. Polestar’s upcoming Polestar 3 SUV will have all the necessary hardware for V2G on release, along with a massive 111kWh battery, the same capacity as more than 8 Powerwalls. And Polestar is now examining how it can use those vehicles to serve as a virtual power plant.

Today at Polestar Day in Santa Monica, Polestar announced that it will run two pilot virtual power plant programs, one in Gothenburg, Sweden, where the company is headquartered, and one in California.

It is partnering with local grid operators in Gothenburg and with the California Energy Commission to study V2G use in the two areas, and try to create plans that can be used across regions. Both studies are being funded by Vinnova, a Swedish government agency that funds R&D projects.

These projects will link all participating Polestar 3 vehicles into a central system that calculates the total battery capacity available and will discharge it to the grid based on demand, but also taking into account battery longevity on the vehicles.

Not only does a system like this help the grid, but it can also help owners make money. When “demand response” events happen and virtual power plants are called on, it’s often when electricity is the most expensive, and therefore, the most profitable to sell back to the grid.

Vehicle-to-grid has the potential to not only benefit individual customers, but whole communities. The average car is parked 90% of the time. With the bi-directional charging capabilities of Polestar 3 and the Polestar VPP, we can explore business models and community solutions that can unlock the true potential of V2G and enable owners to support the energy transition when they don’t need their car for driving.

Thomas Ingenlath, Polestar CEO

For example, in the most recent heat wave in California, wholesale electricity prices got up to around $2,000/MWh, because grid operators were desperate to buy electricity at any price in order to keep the lights on. If that number doesn’t mean anything to you, the current spot price of electricity while I’m writing this article is $56/MWh. So grid operators were paying almost 40 times as much for electricity during that event as they are on a normal November night.

At $2,000/MWh, you could theoretically make over $200 by discharging an entire Polestar 3 battery into the grid. Compare that to the normal cost of charging up, which is somewhere in the $20-$30 range overnight in California, and you can see how this could be a profitable venture.

Powerwall owners have already seen the effects of this, with owners making up to $500 over the course of the first year of Tesla’s virtual power plant in California.

V2G technologies turn EVs into virtual power plants, making homes and the grid more resilient while putting money into the pockets of drivers. The CEC is excited to have Polestar partner with innovators in California to advance their V2G plans

Commissioner Patty Monahan, California Energy Commission

But with vehicles, there are other considerations. Since vehicles are typically used to get places, rather than used specifically for home energy storage like home batteries are, this means that the needs of the grid and the desire for profit must be balanced with… using the vehicle for its intended purpose.

Further, V2G requires additional hardware off the vehicle, allowing homes to feed energy back into the grid, which is not generally the direction that electricity goes in. This is why it has mostly been trialed in fleets (as Nissan and Fermata have done with the Leaf), and in home battery/solar installations where homeowners are installing grid interconnects anyway.

Because of these two barriers, V2G has been more of a dream than a reality for many years, talked about as a theoretical future technology by the EV faithful but without many tangible applications of it in real life.

So Polestar’s trial will see how practical it is for vehicles to be used for this purpose. Since vehicles are parked most of the time, they can be connected and ready for use by the grid. But Polestar will have to see how owner behavior can contribute to this, and how much juice they’ll be able to pull from each vehicle before owners decide they need that range to pick up the kids from soccer practice.

For this last point, Polestar has the benefit of having control over its vehicle software, such that an app could be designed where users can set their own parameters for when and how much they want their vehicle to be discharged during demand response events. Then the system can automatically call on any plugged-in vehicles through the internet and draw whatever owners want to contribute to the cause.

All of this said – while the Polestar 3 does include hardware for V2G, that doesn’t mean the software is included right out of the gate. Polestar says that a software update to enable bidirectional charging will come later, after this study finds the best solutions for consumer adoption and a business model that works for the system. So you’ll have to stay tuned for the results of the trial before you start using your Polestar to save the grid.

The trial begins in the first half of 2024 in Gothenburg, and will run for two years, and Polestar aims for it to be one of the largest V2G pilots in Europe. As for California’s pilot, a “pre-study” will begin in December, and run until October of next year, to decide on a roadmap of how to implement V2G in California.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Global energy giant RWE halts US offshore wind because of Trump

Published

on

By

Global energy giant RWE halts US offshore wind because of Trump

Global renewable developer and energy giant RWE has halted its US offshore wind operations “for the time being” because of the “political environment” the Trump administration has created.

RWE, Germany’s biggest electricity producer, said in March that it had dialed back its US offshore wind activities. But now, CEO Marcus Krebber said in a speech transcript, which he’ll deliver at the company’s Annual General Meeting in Essen on April 30, that its US offshore wind business is now closed (but it wasn’t all bad news): 

In the US, where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically. At the start of this year, we reached an important milestone when our US generation capacity hit the 10 gigawatt mark. The construction of a further 4 gigawatts is secured.

He went on to say that renewables have created regional value and jobs, but that the company remains “cautious given the political developments.” RWE has introduced more stringent requirements for future US investments:

All necessary federal permits must be in place. Tax credits must be safe harbored and all relevant tariff risks mitigated. In addition, onshore wind and solar projects must have secured offtake at the time of the investment decision. Only if these conditions are met will further investments be possible, given the political environment.

About half of RWE’s installed renewable capacity is in the US, where it’s the third-largest renewable energy company through its subsidiary, RWE Clean Energy. RWE holds the rights to develop US offshore wind projects in New York, Louisiana, and California.

Advertisement – scroll for more content

RWE paid $1.1 billion for the New York lease area in 2022, where it’s meant to develop the 3 gigawatt (GW) Community Offshore Wind with the UK’s National Grid. Community Offshore Wind was projected to come online in the early 2030s and expected to power more than a million homes.

The developer paid $5.6 billion for the Louisiana lease in the Gulf of Mexico in 2023 as the lone bidder for development rights, and the Canopy Offshore Wind project off Northern California was not expected to be completed for another decade.

Read more: Trump admin halts $5 billion NY offshore wind project mid-build


Now is a great time to begin your solar journey so your system is installed in time for those longer sunny days. If you want to make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. –trusted affiliate partner

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Trump’s memecoin dinner contest earns insiders $900,000 in two days

Published

on

By

Trump's memecoin dinner contest earns insiders 0,000 in two days

WASHINGTON – President Donald Trump and his allies have raked in nearly $900,000 in trading fees over the past two days from the president’s $TRUMP cryptocurrency token, according to Chainalysis, a blockchain data company. 

The surge came after a Wednesday announcement in which the top 220 holders of the token were promised dinner with the president.

“Have Dinner in Washington, D.C. With President Trump,” reads a message on the front page of the Trump coin’s website. The event, which is black tie optional and hosted at the president’s private club in the Washington area, is scheduled for May 22, with a reception for the top 25 holders. A “VIP White House Tour” will take place the following day, the site says. The website also hosts an active leaderboard displaying the usernames of top buyers.

The $TRUMP memecoin jumped more than 50% on the dinner news, boosting its total market value to $2.7 billion. It was met with fierce criticism from some of Trump’s political opponents who said the move was further evidence that the president was using crypto to enrich himself. Sen. Chris Murphy, D-Conn., a prominent Trump critic, wrote on X that the sale was “the most brazenly corrupt thing a President has ever done. Not close.”

Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website. Since its launch in January, trading activity has generated about $324.5 million in trading fees for insiders, Chainalysis found. These fees are generated through the token’s built-in mechanism that routes a percentage of each trade to wallets controlled by the project — wallets that, according to the website, are linked to the coin’s creators.

Memecoins, often referred to as meme tokens, are a subset of digital assets that use blockchain technology and derive their value largely from internet culture, memes and social media hype rather than from an underlying utility or asset. The originators of memecoins can make fees when their coins are bought and sold.

They have grown in popularity in recent years as speculative assets, with some coins including dogecoin and fartcoin amassing total market values in excess of $1 billion.

Most of the $TRUMP supply remains locked under a three-year vesting plan, with coins gradually becoming available over time. Lockups like these are meant to protect investors by preventing insiders from cashing out all at once — a scheme commonly known in the crypto world as a “rug pull.” Vesting schedules aim to give retail buyers confidence that early holders won’t overwhelm the market and tank the token’s value.

Still, the dinner contest is being viewed by critics as an unusually explicit attempt to monetize presidential access. 

As CNBC reported Friday, Democratic Sens. Adam Schiff of California and Elizabeth Warren of Massachusetts are urging the U.S. Office of Government Ethics to investigate whether the promotion constitutes “pay to play” corruption.

The White House did not respond to a request for comment. The company behind the memecoin also did not respond to a request for comment.

Delaney Marsco, the director of ethics at the Campaign Legal Center, a nonprofit focused on campaign finance and government accountability, told NBC News the coin and dinner contest amounted to an unprecedented ethics breach — though it is unlikely to be illegal.

“Criminal conflicts of interest statutes don’t apply to the President,” she said. “That has allowed him to go against decades of of norms that every modern president since Carter has adhered to, which is to divest your financial interests, rid yourself of your businesses, and kind of go in to the presidency with a clean financial slate so that no one could accuse you of manipulating policy decisions or using your position in order to enrich yourself.” 

“The fact that he is not barred by the law from having these financial interests like this meme coin allows him to engage in a lot of seemingly corrupt activity. It has the appearance of a pay to play, so the President is apparently selling access to himself,” Marsco added.

Molly White, an independent crypto researcher, told NBC News that the leaderboard only shows top $TRUMP holders — and then only by their chosen screen name, making it difficult to identify who is paying to potentially join the dinner.

Schiff and Warren have cited public reports showing that some $TRUMP investors have ties to foreign exchanges or received funds from crypto platforms banned in the U.S., including Binance.

White also noted that at least one top $TRUMP owner has an account on Binance, a cryptocurrency company that doesn’t allow American users.

Trump was elected with significant help from the cryptocurrency industry, which poured tens of millions of dollars into the 2024 election, outpacing corporate donations from traditional sectors like banking and oil. After opposing digital assets during his first term, Trump pivoted in 2024 to campaign as a champion of cryptocurrency, casting Democrats as hostile to innovation and as advocating for tighter regulation. 

The $TRUMP token itself offers no product or service, according to the project’s website. It is part of a broader push by the Trump family into digital assets, despite the market’s volatility and regulatory risks.

In addition to the $TRUMP and $MELANIA meme coins, the family is backing World Liberty Financial, a decentralized finance venture that has raised $550 million across two token sales since last October. Buyers are barred from reselling their tokens and receive no share of profits — but a Trump-affiliated entity is entitled to 75% of net revenue, including token sale proceeds.

Together, these projects have created new streams of revenue for Trump and his inner circle at a time when regulatory oversight of cryptocurrency has weakened sharply under his administration.

Continue Reading

Environment

Drive Electric Earth Month, continues this weekend, get your EV Qs answered

Published

on

By

Drive Electric Earth Month, continues this weekend, get your EV Qs answered

It’s that time of year again, time for events across the country to show off electric vehicles at Drive Electric Earth Month.

Drive Electric Earth Month is an offshoot of Drive Electric Week, a long-running annual tradition hosting meetups mostly in the US, but also occasionally in other countries. It started as Drive Electric Earth Day, but since not every event can happen on the same day, they went ahead and extended it to encompass “Earth Month” events that happen across the month of April. It’s all organized by Plug In America, the Sierra Club, the Electric Vehicle Association, EV Hybrid Noire, and Drive Electric USA.

Events consist of general Earth Day-style community celebrations, EV Ride & Drives where you can test drive several EVs in one place, and opportunities to talk to EV owners and ask them questions about what it’s like to live with an EV, away from the pressure of a dealership.

This month, there are 158 events registered across the US and 1 in Mexico (including one online webinar about things to consider when purchasing an EV).

Advertisement – scroll for more content

Events have been happening all month, but the biggest weekend is this upcoming one, APril 26-27.

One really neat event was the Asheville event, which showcased the resiliency of EVs in an area devastated by Hurricane Helene, which was made more severe by climate change. That event was attended by the Rivian R1T which famously got dragged 100 feet submerged in mud and came out running fine.

But the bulk of the events happened on the weekends surrounding Earth Day, April 22, so there were several last weekend and will be even more this upcoming weekend.

There are plenty of events in the big cities where you’d expect, but Plug In America wanted to highlight a few of the events in smaller places around the country. Here’s a sampling of upcoming events:

  • Big Island EV – Cruise and Picnic in Waimea, HI on April 26, 10am-1pm – EV drivers will congregate in various places around the Big Island (Kona, Waimea, Waikoloa and Hilo), then drive up Saddle Road to the Gil Kahele Recreation Area on Mauna Kea for a potluck and a chance to talk about the experience of owning EVs on the Big Island.
  • Santa Barbara Earth Day 2025 and Green Car Show in Santa Barbara, CA on April 26-27, 11am-8pm – This is part of Santa Barbara’s Earth Day celebration, which routinely attracts 30,000 participants and is one of the longest-running Earth Day celebrations on the planet. The Green Car Show includes ride & drives and an “Owners Corner” where owners can showcase their EVs and attendees can check them out and ask questions.
  • Earth Day’25 – EV’s role in a sustainable future in Queretaro City, Mexico on April 26, 9am-4pm – The sole Mexican event, this is a combined in-person/online seminar at the Querétaro Institute of Technology.
  • Norman Earth Day Festival in Norman, OK on April 27, 12-5pm – Another municipal Earth Day festival, with hands-on activities for kids to learn about the environment. A portion of the parking lot reserved for an EV car show for EV owners who pre-register to show off their vehicles.
  • Oregon Electric Vehicle Association Test Drive & Information Expo in Portland, OR on April 27, 10am-4pm – This one is at Daimler Truck’s North American HQ, and will have several EVs for test drives, owner displays (including DIY gas-to-EV conversions), and keynote presentations by EV experts. They’ll even have a 1914 Detroit Electric EV available for test rides!
  • And, we at Electrek want to give a shoutout to Rove’s EV Drive Days in Santa Ana 10am-3pm April 28 – ROVE is the company behind the “full-service” EV charging concept that we’ve talked about several times here on Electrek, and we like what they’re doing for EV charging. They’ve hosted a few community events, and this is their contribution to Earth Month.

Each event has a different assortment of activities (e.g. test drives won’t be available at every event, generally just the larger ones attended by local dealerships), so be sure to check the events page to see what the plan is for your local event.

These events have offered a great way to connect with owners and see the newest electric vehicle tech, and even get a chance to do test rides and drives in person. Attendees got to hear unfiltered information from actual owners about the benefits and trials of owning EVs, allowing for longer and more genuine (and often more knowledgeable) conversations than one might normally encounter at a dealership.

And if you’re an owner – you can show off your car and answer those questions for interested onlookers.

To view all the events and see what’s happening in your area, you can check out the list of events or the events map. You can also sign up to volunteer at your local events, and if you plan to show off your electric car, you can RSVP on each event page and list the vehicle that you plan to show (or see what other vehicles have already registered).


Charge your electric vehicle at home using rooftop solar panels. Find a reliable and competitively priced solar installer near you on EnergySage, for free. They have pre-vetted installers competing for your business, ensuring high-quality solutions and 20-30% savings. It’s free, with no sales calls until you choose an installer. Compare personalized solar quotes online and receive guidance from unbiased Energy Advisers. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending