{ "docId": "019dd923-5e88-73ef-bd58-89af7cd2e295", "docSlug": "55ee17b0b6c0f0d7", "documentTitle": "ey eurelectric flexibility study 2025 20250306", "authorId": "MorganStanley", "authorName": "EY", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 35, "pageCount": 44, "prevPage": 34, "nextPage": 36, "slideType": "problem_statement", "function": "frame_problem", "density": "overcrowded", "nDataPoints": 0, "notes": "Includes a pull-quote from Baerte de Brey (ElaadNL) regarding ACER's role in grid code alignment.", "elementsJson": [ "headline_text", "paragraph", "quote_block", "numbered_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd58-89af7cd2e295/35", "deckHref": "/decks/019dd923-5e88-73ef-bd58-89af7cd2e295", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-89af7cd2e295.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-89af7cd2e295#slide-35", "components": [ { "bbox": null, "kind": "callout", "text": "The European regulator, ACER, is seeking to align grid codes — and if this is successful, and implemented quickly in all countries, I think flexibility will really take off.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3409-704d-b4d6-9a6c20fa50f9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.22, "x": 0.75, "y": 0.64 }, "kind": "list", "text": "Electrical safety and cross-manufacturer interoperability; Uniform requirements for billing; Communication protocols for control.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "febd6dab-97e3-4d90-bdaf-f50415af6ef9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.03, "y": 0.24 }, "kind": "paragraph", "text": "Where residential consumers sell excess energy from EVs and other grid-edge assets, such as rooftop solar PV generation, back to the grid, they become active participants in the flexibility market.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "14f4083a-df17-4bc0-bd9d-0b50546f594b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.27, "y": 0.37 }, "kind": "paragraph", "text": "As a result, V2G relies primarily on electricity arbitrage for revenue generation. This limits diversification of revenue streams and potential stacking of revenue sources.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2cd621b8-c2c5-4706-b8f5-e01b7c1d1dd2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.03, "y": 0.61 }, "kind": "paragraph", "text": "Currently, no legal barriers prohibit the feed of electricity from the EV to the power grid. RED III requires EU Member States to ensure that charging points support smart-charging functionality.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4474973e-5743-4ed8-8089-b62867f1152e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.03, "y": 0.37 }, "kind": "paragraph", "text": "Pricing signals that flag potential congestion or constraints on the system, and which prompt EVs to charge or discharge, are needed if V2G is to help balance the local grid.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "65cb07d8-ae17-4bf2-90d6-94676008da2e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.27, "y": 0.24 }, "kind": "paragraph", "text": "Nor is there any V2G-specific regulation. The business case for V2G relies on regulated flexibility markets, on top of revenues from energy arbitrage and the ancillary services markets.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "87efedd7-6c6a-4540-ac69-d1fa2b8db593", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.27, "y": 0.61 }, "kind": "paragraph", "text": "Industry commentators say adequate regulation, with standardised EU network codes to support widespread adoption of V2G technologies, is critical.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ac79d62a-c862-4374-88dd-7c4e6917cc41", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.22, "x": 0.52, "y": 0.56 }, "kind": "paragraph", "text": "Compatibility between EVs and chargers is challenging. In Europe, most infrastructure uses the Combined Charging System standard, and only chargers that meet the 2022 ISO 15118-20 can support V2G.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "eaeea9f6-f31b-412d-bcfc-3e5c3892f204", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.45, "x": 0.52, "y": 0.24 }, "kind": "quote", "text": "The European regulator, ACER, is seeking to align grid codes — and if this is successful, and implemented quickly in all countries, I think flexibility will really take off.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "44fdf0c3-1f80-45c7-b8cb-c150a74555b7", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "The European regulator, ACER, is seeking to align grid codes — and if this is successful, and implemented quickly in all countries, I think flexibility will really take off. — Baerte de Brey, Chief International Officer, ElaadNL", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-3409-704d-b4d6-9d67f5c9ffbf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.35, "x": 0.03, "y": 0.14 }, "kind": "title", "text": "Challenge 4: Market design and the need for adequate reward structures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dda49798-7dc9-451a-aa65-cd755baf531d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 44, "from": 31, "beatId": "2798a509-7ae0-472b-b7df-597462539960", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The deck outlines the potential impact and next steps for unlocking flexibility potential and commercializing V2G technology", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 36, "from": 31, "name": "Jobs To Be Done", "slug": "53-jobs-to-be-done", "bestFor": "Product innovation, market entry, competitive positioning", "matchId": "c9784f0a-1083-4470-977f-db2abae9acfe", "evidence": "The deck outlines the challenges and opportunities for unlocking flexibility potential", "position": 2, "objective": "Identifying the jobs to be done to unlock flexibility potential", "structure": "The Customer's Job -> Current Solutions (Hired/Fired) -> Unmet Needs -> Our Solution Fit", "confidence": 0.7, "description": "Reframe the problem around what the customer is trying to accomplish, not what they're buying" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }