Tesla is about to release a massive software update that will allow Teslas to have vehicle to grid technology. In this video, I discuss why I believe bidirectional charging will change the electric vehicle space forever.
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Tesla is about to release a massive software. Update and leaks of this update have revealed that it will allow for a new groundbreaking feature named bi-directional charging in this video. I'm going to explain what bi-directional charging is and why I believe this technology will change the electric vehicle space forever. Before I begin, please take a moment and hit the like button and subscribe.
It really helps out with the channel with that being said, let's get right into it. A few weeks ago, we learned about Tesla's new software product named the auto bidder. Essentially, what the auto bidder does is: sell excess energy from your solar panels to utility companies and, in some cases, trade energy. During different times of the day, the demand for energy fluctuates in a rather predictable way when demand for energy is at a low point.
The price of our energy is also at its low point. These two factors of demand and price are highly correlated. After all, this makes sense, given the simple role of supply and demand in order to trade. Energy, Auto vitter buys energy during times of low demand and sells it during times of peak demand, because demand is correlated with price.
Auto bidder is essentially buying energy at a low price and selling that energy for a higher price. All of this is done autonomously, with a very complicated algorithm. As of now, our bidder only works with tesla powerwall, which is a home battery storage that stores energy for a short period of time. However, we recently learned that Tesla's upcoming software update will allow us to use Tesla's vehicles as the storage for the auto bidder to trade energy.
Marco G, an electric engineer, found this out when he reverse engineered the model. 3 charger, as the design was fully bi-directional. Allowing for vehicle to grid technology vehicle to grid is the process of sending electricity from your vehicle to utility companies. Marco GU found out that this technology is already available, but we can't use it due to the fact that Tesla's batteries don't have a very high lifetime.
Yet, however, with Tesla filing plenty of patents, recently we learned that Tesla was soon unveil. Its million mile battery on Tesla's battery investor day once task laws have a better lifetime. Bi-Directional charging will become a very lucrative business venture for Tesla owners. Currently, the auto bidder is offered for Tesla power.
All owners in the US by a utility company named National Grid National Grid estimates that you will make one thousand dollars per year by adding your tesla powerwall to their grid. This power wall has the capacity to store 14 kilowatt hours. On the other hand, Tesla's long-range model 3 has the capacity to store 75 kilowatt hours, which is over five times the size of one tesla powerwall. If this is converted to the rate national grid is offering Tesla's.
Current batteries have the potential to make five thousand three hundred fifty dollars per year and keep in mind that Tesla is looking to improve this battery in the coming years. Other automakers are also planning to allow for bi-directional charging, but, unlike Tesla, the vehicle requires a while box place, our which costs four thousand dollars at its retail price. Now, having Tesla's make money sounds fantastic, but many of you may be wondering how would this look like in my daily schedule? First, when you are sleeping, the auto bidder buys energy and charges your vehicle with that energy. After that, you drive to work to your job and arrive back home when you plug in your vehicle. Instead of charging, your vehicle sells a certain amount of energy to utility companies effectively buying low and selling high. In hindsight, this may seem like a rather pointless feature. However, as Tesla's batteries continue to improve the driving range and battery life time, the vehicle-to-grid technology will continue to become more profitable for Tesla owners. Along with this, if you have solar panels, you can sell energy that you aren't going to use when charging your Tesla vehicle.
Let me know what you think about Tesla's bi-directional charging feature in the comment section below. If you enjoyed this video, please hit the like button and subscribe so that I know you guys want to see more videos like this. I appreciate your support.
1 Charge tesla at work
2 sell a safe amount at home
3 drive to work
Imma park n charge my tesla for free at McDonalds 😉
This has been debunked. It turned out he missed the diodes in the circuit, which makes the current flow one way. I agree that tesla will have bi-directional charging in the near future, but it is not already in existing cars. I believe this will be revealed on battery day and that all Teslas with the 1 million mile battery will have this feature.
Software updates can't change a circuit board, sorry. As you may well know by now Tesla vehicles can't support big directional charging.
This will be a valuable feature when available, however I think not 5 times as valuable as a Powerwall on the same software. Why?
Some capacity needs to be reserved for driving the car.
And
The charger will most likely be limited to around 7 to 8 kW unless 3 phase supply is available. This is not 5 times the power which can go through a Powerwall. You will run out of peak period to sell into before the battery is depleted.
I’m no expert on battery charging but I believe each time you charge a battery you put a lot more energy in than you actually get back, especially when the battery is nearly fully charged. If this is the case then your profit on selling the power will be significantly smaller and may not even be a profit at all. Perhaps somebody who has expert knowledge can confirm or deny this?
The thumbnail says '2x faster' but the content is all about V2G tech and makes no mention of anything running at double speed. Clickbait or mistake?
I think this is a great idea, I wonder what utility companies will think. Also, the power wall is 5x smaller than the car’s long range battery, why don’t they make the power wall at least as big as the car battery?
That million mile battery will definitely be a game-changer for the auto industry no doubt! But can the chassis last this long? They also need to work on more repair shops for Tesla if they want to release this battery.
As far as I know electric companies currently buy back electricity for pennies compared to what they originally charged you. It would be super if it was actually fair.
Why isn’t there an alternator charging another battery as you drain the one you’re using giving you unlimited battery power? That’s how a gas engine works… you don’t need to charge the battery everyday to run your electrical system cuz it charges itself as you drive.
Still worth getting the Powerwall? I want to be able to control when to back feed to the grid, usually an on-peak hour to maximize the value. I'm currently in the process of getting 3.75 kW solar panels with 2 Tesla Powerwalls from Tesla, they gonna start installing it on June 5.
I'm not sure where you got you Kool Aid information about this, But Sandy Munro and another Youtuber (Engineerix) already mentioned that the current Tesla hardware is not capable of doing such Bidirectional charging.
Ok, so why would you want or need bidirectional software without a 1million mile battery? Surely 1million mile battery, bidirectional charging and Autobidder will all be required in the same vehicle at the same time?
I'm just a wee bit skeptical about the numbers for the amount of money you can make per year. Let's take the example of placing $1,000 into the stock market investing in a stock which bread is a 4% annual dividend which will generate $40 per year. In order to generate $1,000 per year you would need to invest about $25,000 in this stock. Compare that to the cost of the powerwall. Even with installation cost you have a sub 10-year return on investment on a product that is warrantied for 10 years. If the numbers were anywhere near this good we would be seeing battery substation popping up left and right as utility-scale electricity providers cashed in on the Bonanza and took advantage of the economy of scale.
Wouldn't you theoretically make more money if your car was out autotaxiing people around and autocharging when it nears 30 % of energy or so and then go out again to make some more money? What am I missing?
Great video! I'd LOVE to see Vehicle To Grid! I'm curious though, I haven't seen any sources of leaks stating that this is coming any time soon. Can you source some of that there is a "major update coming" and which leaks "have revealed that bidirectional charging" will be in it?
Sounds good, but don't forget, a lot of energy is lost when it is stored and then released from the battery, so the realized gains will be smaller.
I fail to see how the potential annual gains are calculated to be $1,000 a year and it even sounds not possible as I understand the concept. Unfortunately zero real numbers were given to justify the claim. Buy low and sell high means virtually nothing w/o actual values. Assuming a $0.10 (10 cents) difference and assuming the car is fully charged at 75 Kwh battery. That would be potential max of $0.75 a day revenue. With there being 365 days a year the math comes out to $273.75, a year. Not to mention you will not be able to use your car if it happened to be uncharged when you need it. Sounds a bit of a bogus claim to me. To make $1,000 in a year you would need over 3.5 charge discharge cycles every day of the year. Clearly the grid does not change pricing that much in a day. I'm calling balderdash on this concept as claimed.
So what Tesla can do is sell you the car and you rent the battery from them, so the car purchase price drops and they use it as storage when the vehicle is not in use, or you buy the battery with the car and earn over $ 5000 per year by selling power back.
There isn't a lot of value in vehicle to grid. If you look at today prices in the UK high price is about 3.5p low price 1p for wholesale. The difference of 2.5p is what you'd make. Of you discharge 40KWh into the grid that's £1 profit per day
If the million mile battery is 4,000 cycles and you keep 1,000 cycle for the car that leaves you 3,000 cycles at £3,000 for V2G
This doesn't even take into account charging and discharging losses nor does it take into account current regulations which limit for example any power from the home to the grid at 16A in the UK which is about 3.7KW power not a lot so of you have an expensive hour for electricity you can only export 3.7KWh for that hour to take advantage of it
Still worthwhile doing bit this gives you an idea of the upper value of this technology about £1 per cycle or ~£3,000 over the lifetime of the car
An excellent concept. Elon is doing this in South Australia with his BIG battery and also houses that have solar panels and Powerwall. Elon may also introduce this concept in Great Britain. Cheers Gray Australia
Thank u for your work. If i could give a little constructive criticism… love your content and the info you gather. Could u make your voice less monotone its kinda boring. You seem like a smart guy i think u can do anything u put your mind to. Would love to keep watchin ur vids thank you
Or, if there's a power outage you can keep your food from rotting by powering your fridge with your car. Or you can go camping glamorously.
It would seem it would drive the electric company end up to a flat rate charging so you could not make any money charge at one price . the only way you make money if you making electric from solar or wide than giving back to the electric company