FCA Italy Spa, a wholly-owned subsidiary of Fiat Chrysler Automobiles N.V., and ENGIE EPS (EPS:FP), Italian technology player in Energy Storage, Hydrogen and e-Mobility, announce that they have been awarded with 25 MW of capacity by the Italian grid operator Terna Spa. The innovative grid service, named ultra-fast frequency regulation (Fast Reserve), will contribute to improving the stability of the electrical grid frequency in the context of the increasing penetration of renewable sources.
The 25 MW power will be supplied from 2023 to 2027 through the Vehicle-to-Grid system (V2G) realized with ENGIE EPS’ Italian proprietary technology combined with FCA’s electric vehicles, located at the Drosso logistics hub within FCA Mirafiori complex in Turin, Italy. Specifically, the power capacity will be secured by 700 batteries, the majority of which on board to the New Fiat 500 model parked in the stockyard, as well as using ‘second-life’ batteries of the same vehicles. Such batteries, rather than being disposed of at the end of their lifespan, will be reused, giving them a second lease of life as part of the V2G system.
This is the first large-scale industrial application of V2G integrated with second-life batteries. A circular economy project unique in this field, that will maximize the use of batteries over their whole life cycle.
“It is a great result – commented Roberto Di Stefano, Head of e-Mobility FCA Region EMEA – which combines the mobility and energy sectors. Two leading companies are working together to integrate their know-how to transform a vision into reality: e-Mobility thus becomes the main enabler for a rapid transition to a more sustainable electrical system”.
“In such a competitive context, with more than 1300 MW of offers, 27.5% of the capacity awarded by Terna, will be entirely realized with ENGIE EPS technology. This is a significant result that brings Italian technology back to Italy and confirms our engineering and industrial excellence, demonstrating once again, as already proven with hydrogen, electric mobility and the largest energy storage tenders worldwide, the competitiveness of our products and our Italian industrial district”, said Carlalberto Guglielminotti, CEO and General Manager of ENGIE EPS.
FCA
Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe.
ENGIE EPS
ENGIE EPS is the technology and industrial player within the ENGIE group that develops technologies to revolutionize the paradigm shift in the global energy system towards renewable energy sources and electric mobility. Listed on Euronext Paris (EPS.PA), ENGIE EPS is listed in the CAC® Mid & Small and the CAC® All-Tradable financial indices. Its registered office is in Paris and conducts its research, development and manufacturing in Italy.
