Volkswagen has a subsidiary called Elli that is in charge of energy and charging matters. Elli has now just taken a big step forward. It is engaged in electricity trading in Europe. And, yes, this is the first time that a car company is actually listed on the German electricity market, the EPEX Spot power exchange.
Does that mean Elli and Volkswagen are tapping into VW electric cars to use their batteries’ electricity? No, in this case, the company is using stationary batteries. However, expect that addition to the system eventually. One step at a time. The company is very serious about this new venture. “We want to make Elli the leading brand in the European energy and battery management business,”. “Elli will significantly advance electric mobility and the energy transition. We are already Europe’s largest mobility service provider in the field of charging and energy. We want to further expand this leading position and develop Elli into a leading trading company for battery flexibility. Electricity trading is a major milestone on this path.
“This is how Elli electricity trading works: The focus is on an intelligent platform for trading, controlling and optimizing batteries. Bids can be automatically placed on the stock exchange via the platform. The trading results are translated into a timetable and the battery is automatically charged or discharged. Electricity is purchased during periods of low prices and sold during periods of high prices .
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