"Ford has unveiled the Home Power Management program, which allows F-150 Lightning owners in select markets to store up cheaper electricity during the day for charging later on. The program requires the Ford Charge Station, Ford Home Integration System and a participating utility, but it could save some owners up to $500 per year, the carmaker claims. It also allows people to earn money this way."
"But one thing is clear: Americans' electricity bills are on the rise. And now, Ford has a solution for certain F-150 Lightning owners that's designed to save money on charging, support the grid and do what no gas truck ever could. Ford today unveiled its Home Power Management program, which allows F-150 Lightning owners with the correct set of equipment to better manage their home charging, power their homes in a smarter way and support the grid when needed."
Ford's Home Power Management program lets F-150 Lightning owners in select utility markets store low-cost electricity during off-peak times for later home charging. The program requires a Ford Charge Station, Ford Home Integration System, and a participating utility. Owners can use the Lightning's bi-directional charging to power an entire house during expensive hours and to earn payments for charging at grid-friendly times. Ford claims some owners could save up to $500 per year. The program aims to reduce stress on electric grids, provide backup power during outages, and incentivize EV adoption amid rising electricity bills and slowing EV sales.
Read at insideevs.com
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