Currently most vehicles and charging stations are unidirectional so it will take significant investment for bidirectional EV charging infrastructure. By 2040-2050 storage demands are met across almost all scenarios and even low participation and utilisation rates."Īlthough it has a lot of potential, vehicle-to-grid needs a lot of technology such as charging stations with special software. " EV batteries could meet short-term grid storage demand by as early as 2030 if we assume lower storage requirements from the literature and higher levels of participation and utilisation. Grids need battery storage given they are increasingly using renewable energy that can fluctuate substantially in terms of their power generation. In terms of the future, EV fleets will help stabilize the grid by providing storage solutions from vehicle-to-grid technology that are still largely in developing stages currently. One reason to be bullish on National Grid is that it benefits from the increasing adoption of electrical vehicles or EVs.Īlthough new EVs will not put too much stress on the grid in the United States or the United Kingdom this decade, they will help demand growth in the 2030s and they also represent an opportunity for investment for utilities in the medium term. Treasury yields normalize in the medium term, there is reason to be bullish on National Grid. With the planned increased grid investments, a fairly attractive fiscal period ending March 2025 estimated PE of 13.45x as of November 12, and the potential for increased valuation if U.S. With the capital investments, the company expects to grow underlying EPS of 6-8% CAGR. In terms of grid investments, National Grid expects capital investments of £42 billion from FY2022-2026, up from the previous £40 billion as the company is increasing investment in the decarbonization of energy systems. As such, National Grid benefits from increased grid investment and preparation for more EVs, which will increase demand for electricity from the grid. National Grid plc ( NYSE: NGG) is a leading utility in the United Kingdom and also in Northeastern United States.Īs a regulated utility, the company earns a specified rate of return on its rate base according to regulators.
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