Today marks a significant collaboration between Ford and Resideo Technologies, Inc. (NYSE: REZI) as they unveil an innovative joint simulation project titled the "EV-Home Power Partnership." This groundbreaking initiative delves into the realm of vehicle-to-home (V2H) energy management, aiming to harness the potential of electric vehicle batteries for optimal home energy management.
The primary objective of the EV-Home Power Partnership is to explore, test, and quantify the myriad benefits for customers by integrating bi-directional EV charging with Resideo's smart thermostat. This symbiotic pairing seeks to empower customers to potentially trim their monthly electric bills, alleviate strain on the U.S. electric grid, facilitate the adoption of cleaner energy sources, all while ensuring optimal homeowner comfort.
Ford takes the lead in the United States by introducing a full-size electric truck capable of bi-directional charging for homes in North America. Paired with Resideo, a global leader in home comfort solutions, First Alert security, safety, and a prominent provider of residential load management programs for utilities, this collaboration charts a new frontier in home energy management, previously unattainable with traditional internal combustion engine vehicles.
The F-150 Lightning, already equipped with Intelligent Backup Power, possesses the capability to power a home during an outage using energy stored in its battery. The EV Home Power Partnership aims to simulate the fusion of Resideo's smart thermostats with the F-150 Lightning's battery, strategically channeling stored energy to efficiently manage the home's heating and cooling systems.
This groundbreaking project is meticulously designed to evaluate how the synergy between bi-directional EV charging and a smart thermostat can curtail the overall energy consumption of a home during periods of electric grid stress. Simultaneously, it seeks to minimize energy usage during peak hours by automating the home to align with a consumer's Time-of-Use (TOU) electricity rate. Moreover, the project aims to gauge how this coordination between the battery and smart thermostat can optimize the utilization of cleaner energy from the grid, particularly when renewable energy sources are readily available.
Bill Crider, Head of Global Charging and Energy Services at Ford Motor Company, emphasized the transformative potential of driving electric vehicles, not just for individual consumers but also for fostering a more sustainable energy ecosystem. He expressed excitement about the prospect of unlocking new vehicle-to-home energy management solutions, potentially paving the way for unprecedented vehicle-to-grid services, a realm previously unexplored with conventional vehicles.
The integration of electric vehicle battery storage holds promise in stabilizing the electric grid, ensuring homeowner comfort during outages or energy events, and enabling cost savings by utilizing stored energy during peak demand periods when energy costs soar. Together, Ford and Resideo envision a future where electric vehicles and homes share a common energy source, intelligently interacting for the mutual benefit of the customer and the electric grid.
Dana Huth, EVP and Chief Revenue Officer at Resideo, highlighted the significant impact of both vehicles and home climate control on an individual's carbon-emission footprint. Through the EV Power Partnership project, she expressed enthusiasm for exploring new avenues for F-150 Lightning owners to leverage their EV battery to power their home's heating and cooling systems, optimizing energy use and enhancing comfort. Huth emphasized the creation of energy-efficient ecosystems between globally trusted brands, aiming to fortify the electric grid, prepare it for greater renewable integration, and deliver tangible energy savings for consumers.
The project is already underway and is slated for completion in the first half of 2024, signaling a promising stride towards a more interconnected, sustainable, and efficient future where electric vehicles and smart homes collaborate seamlessly for the benefit of consumers and the environment alike.
Want to keep up with all things Ford? Be sure to follow along on our blog where we stay up to date on all of the latest news and updates on Ford vehicles, and make sure you check out our available online inventory at Dunphy Ford today for more information!
