Octopus & BYD Team Up to Offer EV Lease Plus Free Charging Bundle in the UK

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Octopus Energy, the UK’s largest energy supplier, has joined forces with BYD to announce the launch of the Power Pack Bundle – the UK’s first vehicle-to-grid (V2G) bundle – designed revolutionize the EV experience for drivers.

Unveiled this week today at Octopus Energy’s Energy Tech Summit, the bundle is priced at under £300 a month* and will include a leased V2G-ready BYD Dolphin, a bi-directional Zaptec Pro charger and access to a smart tariff that offers free home charging, according to Octopus.

It is estimated that typical EV drivers can reduce their annual bills by £620 with free charging, compared to charging on a standard tariff – and save nearly £1000 compared to fuelling a petrol car*.

Powered by Octopus Energy Group’s tech platform, Kraken, the Power Pack Bundle is designed to make these savings effortless for customers. Drivers simply plug in overnight and let the system do the rest. Octopus notes that the fully automated process guarantees free charging at home for every mile driven during the lease.

This is the first time V2G technology is built into the car itself, eliminating the need for a costly first-generation V2G charger. As more V2G-ready vehicles hit the road, hundreds of thousands of EVs could soon act as mini power stations.

Octopus is uniquely placed to lease the cars, having launched its own EV business, Octopus Electric Vehicles (Octopus EV), in 2021. Octopus EV has become the largest EV-only leasing business in the UK.

Octopus and BYD have also partnered with Motability Operations, the UK’s largest leasing company, to make the V2G technology available to disabled people across the country.

Greg Jackson, Founder of Octopus Energy Group, said: “Bi-directional charging is the game-changer for drivers and the grid. By using some of the battery’s spare capacity to help balance the grid, we can offer free driving. V2G is going to revolutionise our energy system and help drive costs down.”

Stella Li, Executive Vice President of BYD, said: “BYD is fully committed to making intelligent, innovative, sustainable technologies available to our customers, and this project will allow them to unlock the full potential of electric vehicles – not just as transport but as dynamic assets that can play a key role in supporting the grid.

“Together with Octopus Energy, we’re enabling EV owners to play an active role in the energy ecosystem, reducing costs and increasing the resilience of renewable power systems.”

Andrew Miller, Chief Executive of Motability Operations, said: “It’s great to see V2G technology becoming available at scale – effectively turning EVs into energy assets that can help power homes and support the grid. For our customers, this could mean significantly lower energy bills and an even more affordable route into electric driving.”

“We’re proud to be part of a partnership that’s not only breaking new ground in energy, but also ensuring the benefits are accessible to disabled people across the UK.”

The Power Pack Bundle will be available later this year. Interested customers can be the first to get their hands on the tech by placing a reservation with Octopus Electric

Source: Octopus EnergyVehicles.Source: Consegic Business Intelligence | OpenPR

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