TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy

By Charles Morris Fermata Energy, a provider of vehicle-to-grid (V2G) technology, has secured a $2.5-million strategic investment from TEPCO Ventures, the investment arm of Tokyo Electric Power.
Fermata’s bi-directional chargers enable EV batteries to provide energy storage to the power grid, reducing power loads during peak times and consequently reducing electricity costs. Fermata Energy’s …read more

Source:: https://chargedevs.com/newswire/tepco-ventures-invests-2-5-million-in-v2g-provider-fermata-energy/