Ford aims for electric trucks to help heat and cool houses during peak hours (NYSE:F)
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Ford Motor Company (NYSE:F) announced a joint simulation project with Resideo Technologies (REZI) to explore vehicle-to-home energy management and the potential of electric vehicle batteries to support optimal home energy management.
The project is being set up to explore, test and quantify the customer benefits of pairing bi-directional EV charging with a Resideo (REZI) smart thermostat to help customers potentially save money on monthly electric bills, reduce strain on the U.S. electric grid and enable use of cleaner energy, while helping ensure homeowner comfort.
Ford (F) noted that it was the first automaker in the U.S. to introduce a full-size electric truck capable of bi-directional charging for the home in North America. The F-150 Lightning already has the capability to power the home in the event of an outage through available Intelligent Backup Power. The EV Home Power Partnership project will simulate the integration of Resideo’s smart thermostats with the energy stored in the battery on the F-150 Lightning, which can be smartly coordinated to help power the home’s heating and cooling systems. The project is designed to assess how coordination of bi-directional EV and a smart thermostat can reduce the overall energy needed by the home during times of electric grid stress while minimizing energy usage during the most expensive hours each day by automating the home to match a consumers’ Time-of-Use electricity rate. Additionally, it also will assess how the coordination between the battery and smart thermostat can enable a system to leverage cleaner energy from the grid if renewable energy is readily available.
“Together, Ford and Resideo are envisioning the possibilities when electric vehicles and homes can share the same energy source and can smartly interact with each other for the benefit of the customer and the electric grid.”
Project work between Ford (F) and Residio (REZI) has begun and is expected to be completed in the first half of 2024.
Shares of Ford (F) edged 0.45% higher in premarket action on Thursday. Resideo (REZI) was inactive in the early session.
