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UPDATE 1-Nissan Leaf approved for vehicle-to-grid use in Germany [Reuters]

MUENCHENER RE GP UNSP/ADR (MURGY) 
NASDAQ:AMEX Investor Relations: ir.kiterealty.com
Company Research Source: Reuters
Nissan Leaf approved for vehicle-to-grid use in Germany | Reuters 2 Min Read HAGEN, Germany (Reuters) - Nissan’s Leaf became the first electric vehicle (EV) to secure regulatory approval as an energy backstop for Germany’s electricity grid, the Japanese carmaker said on Tuesday. So called vehicle-to-grid (V2G) technology is a connection between the EV and the grid through which power can flow from the grid to the vehicle and vice-versa, potentially enabling car owners to sell energy to the network. This would allow utilities to use electric cars as a backstop if demand rises. There will be 280 million electric vehicles by 2040, according to estimates by the International Energy Agency, compared with more than 3 million last year. “We strongly believe in an emission-free future,” Guillaume Pelletreau, Vice President and Managing Director, Nissan Center Europe, said. “Leaf batteries could make an important contribution to energy transition in Germany and a sustainable future.” The initi Show less Read more
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