How electric car batteries could help the grid (and win over drivers)
Electric cars are more expensive than petrol ones, mainly because the batteries cost a lot. But new technology could turn these expensive devices into an asset, offering owners benefits such as reduced utility bills, lower rents or free parking.Ford Motor, General Motors, BMW and other automakers are exploring how electric car batteries could be used to store excess renewable energy to help utilities manage fluctuations in energy supply and demand. Automakers would earn money by acting as intermediaries between car owners and energy suppliers.Millions of cars could be thought of as a huge energy system that, for the first time, will be connected to another huge energy system, the electric grid, said Matthias Preindl, associate professor of power electronic systems at Columbia University....