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Parked electric cars earn USD 1,530 feeding power grids in Europe

When electric car owners are not driving, they can park the vehicles and feed excess power back into the grid. They can earn money while doing so, and trials in Denmark showed how the car batteries could help balance supply and demand.

Photo: /ritzau/Jacob Ehrbahn
BY JESSICA SHANKLEMAN, BLOOMBERG

Electric car owners are earning as much as USD 1,530 a year just by parking their vehicle and feeding excess power back into the grid.

Trials in Denmark carried out by Nissan Motor Co. and Italy's biggest utility Enel SpA showed how batteries inside electric cars could help balance supply and demand at times and provide a new revenue stream for those who own the vehicles.

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