Renault has launched a new subsidiary brand called Renault Energy Services that will focus on smart-grid technology.
The firm, which is described as being “like a start-up” will invest in projects that boost the uptake of smart vehicle charging for electric cars, harnessing their ability to contribute to the electricity grid.
Like its alliance sibling Nissan, Renault intends for its new company to enable cars to charge when electricity supply exceeds demand, and also then feed power back into the grid when demand is at its peak.
Additionally, Renault Energy Services will invest in the use of electric car batteries that are no longer useful to power a car. These used batteries can be used for stationary energy storage, powering everything from homes to businesses.
Gilles Normand, senior vice president of Renault’s electric vehicle division, said: “The creation of Renault Energy Services marks an important step forward. Investing in smart grids is key to both reinforcing the lead we enjoy in the European electric vehicle market and accelerating the EV industry’s scale-up.”