logo
Major change to how you run your car that could save Aussie drivers $250 a day

Major change to how you run your car that could save Aussie drivers $250 a day

Yahoo12-07-2025
Electricity providers say vehicle-to-grid (V2G) connections will revolutionise how Australia produces and uses energy, eventually allowing electric vehicles (EVs) to power homes during outages and even earn their owners extra income.
Now, those capabilities are moving closer to the mainstream, as infrastructure begins to catch up with innovation.
In recent months, EV owners have shared how they've used V2G and vehicle-to-vehicle (V2V) set-ups — both of which involve the two-way flow of energy between EVs, homes and the grid. Early adopters have successfully powered not only appliances and other vehicles but, in one case, even an entire school's server room.
This month, Ausgrid — Australia's largest electricity distributor, serving more than four million people across New South Wales — announced it had successfully connected a working V2G system to its network at a depot in Artarmon, Sydney.
It's a major milestone proving the technology is now safe and viable at the distributor level, and while it doesn't mean every customer can use it immediately, it confirms V2G is a live, proven option — and Ausgrid is now working to prepare its broader network for future rollout.
Speaking to Yahoo News, Nick Black, Head of Ausgrid's EVC and Infrastructure Development, said several suppliers will have V2G chargers available in the Australian market over the coming months, with competition expected to increase considerably. "Any Clean Energy Council (CEC) approved equipment may be installed by customers using an accredited service provider (ASP)," he said.
"For a customer who is able to install a charger at home, the added V2G capability can give them an additional revenue stream and is another reason to purchase an electric vehicle."
Right now, only certain chargers can be used in Ausgrid's network — either ones that are officially certified by the Clean Energy Council (CEC), or ones that meet Australian safety standards and have been approved by Ausgrid. Each energy distributor is different in what they allow
If a charger meets those rules and the installer is properly qualified, then it can be safely set up.
"Eventually, V2G equipment will be CEC approved and then available for any customer to apply," he said. "Ausgrid can approve devices that have an AS1477.2 [charger] for connection to its network."
Black said there was serious financial potential when it comes to V2G for everyday Australians. He explained that Australia already has a strong retail energy market, which means there are real money-saving opportunities for people who use V2G smartly.
For example, if a customer charges their EV during the day using cheap solar power and then discharges that energy back to the grid during the expensive evening peak, they can earn money or reduce their power bills.
Amber Electric recently claimed a customer earned $255 in a single day alone in June, exporting power at peak prices, charging when electricity was cheap. "That $255.08 was earned by a single EV at one location, in one evening, using the StarCharge charger," an Amber spokesperson told Yahoo.
Ross De Rango, Head of Energy and Infrastructure at the Australian Electric Vehicle Council, agreed the tech could be transformative. He said while useful, V2G must be used responsibly and only after drivers research how to do it safely first.
"The amount of battery storage that will ultimately exist in the batteries in our cars will dwarf all other forms of grid-connected storage," he said. "Unlocking V2G will drive down energy costs for everyone (not just the EV drivers), enable us to close coal and gas-fired power stations sooner, and make our energy system more reliable and resilient."
BYD photo highlights 'revolutionary' EV feature changing Aussie habits
EV driver's surprising use of car set to 'revolutionise' common power problem
Warning against EV owners' 'revolutionary' solution to battery concern
But, one of the country's leading mechanics warned of just how much is at stake if a person doesn't know what they're doing. Canberra-based mechanic Saffy Sgroi said "safety is the number one concern" when it comes to V2V charging.
"We're talking about working with a huge battery here," she said. "You've got 400 kilowatts of battery running — they can fry you. If you do the wrong thing, you're gone."
Addressing potential safety concerns when it comes to the emerging tech, Black said Ausgrid has focused intensely on the installation process to ensure the "V2G charger does not present a hazard" to workers or customers.
"Manufacturers have been testing to ensure that they are confident in using V2G for specific EV models," he said. "Ultimately, the vehicle's battery management system will protect the battery, and the power levels for V2G are much more gentle than driving a vehicle or fast charging it," he said.
Head of Customer Connections at Ausgrid, Fatima Bazzi, branded the announcement a "game-changer".
"We are excited to see how this technology will enable our customers to take a more active role in the energy ecosystem, turning their electric vehicles into a valuable resource that can support their homes and earn them income," she said.
"This means we can better manage network stress, improve overall grid performance, and potentially defer costly infrastructure upgrades, ultimately benefiting all our customers."
Do you have a story tip? Email: newsroomau@yahoonews.com.
You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

South Africa's biggest electric vehicle display headed for Hermanus
South Africa's biggest electric vehicle display headed for Hermanus

News24

time15 minutes ago

  • News24

South Africa's biggest electric vehicle display headed for Hermanus

The Western Cape's most comprehensive electric vehicle (EV) showcase is heading to Hermanus, giving residents a rare opportunity to explore the future of transportation in one location. 'EVs on Display' event will transform Hermanus High School into an electric vehicle theme park on Saturday, 9 August, from 09:00 to 16:00. The park will feature everything from luxury electric cars to commercial vehicles and scooters, and entry will be free for the public. Visitors will have hands-on access to an impressive line-up, including premium Audi and BMW electric vehicles, innovative new BYD vehicles, stylish MINI electrics, and sophisticated Volvo EVs. The display will also feature the fully electric Riddara RD6 double-cab from Geely, powerful Energica superbikes, and practical VMoto motorcycles and mopeds. Tesla Model X Supplied/Justus Visagie According to Justus Visagie from Tesla fans will find plenty to explore, including the manufacturer's distinctive 'winged' Model X, Tesla Powerwall batteries, and EV charging stations. Other highlights include a converted (classic) VW Beetle, a Roam motorcycle that completed an impressive solar-powered journey from Nairobi to Stellenbosch, and a robotics exhibition from Stellenbosch University. For those interested in urban mobility solutions, electric kick scooters from retailers GoElectric and iRoll will demonstrate how EVs are revolutionising short-distance transport. Commercial vehicle operators can explore electric options from Mercedes-Benz and DFSK, showcasing how businesses are transitioning to cleaner fleet solutions that can also save money. Business owners are also encouraged to discover various commercial charging solutions from ZIMI and solar energy systems from Whale Coast Solar and Renenergy. The event will culminate in a special ceremony at which Overstrand Executive Mayor Archie Klaas will present a GoElectric NIO electric kick scooter to the winner of EVnow's myth-busting competition. This will recognise young South Africans who are leading the charge toward sustainable transport education. 'This breaks barriers by bringing electric vehicles directly to the community,' says Visagie. 'People can touch, explore, and understand these vehicles without any sales pressure – it's pure education and discovery.' Supplied/Geely He believes South Africans deserve access to affordable EVs powered by domestically generated electricity. 'At EVnow, we want to get people excited about EVs so they'll demand an end to the additional 7% import duty on these vehicles,' he explains. 'Also, instead of sending billions to oil producers, we should keep that money in South Africa to help our people and economy prosper.' EVs on Display is completely free, and registration is not required. Families are encouraged to attend this unique opportunity to experience South Africa's electric vehicle future firsthand. Media enquiries: Show Comments ()

ASX Growth Companies With High Insider Ownership August 2025
ASX Growth Companies With High Insider Ownership August 2025

Yahoo

timean hour ago

  • Yahoo

ASX Growth Companies With High Insider Ownership August 2025

As the Australian market faces a challenging period with the ASX 200 futures down in response to impending U.S. tariffs, investors are closely monitoring economic developments that could impact growth prospects. In such uncertain times, companies with high insider ownership often attract attention as they may indicate strong confidence from those who know the business best, potentially offering stability and resilience amidst broader market volatility. Top 10 Growth Companies With High Insider Ownership In Australia Name Insider Ownership Earnings Growth Newfield Resources (ASX:NWF) 31.5% 72.1% Image Resources (ASX:IMA) 22.3% 79.8% Gratifii (ASX:GTI) 17.9% 114.0% Findi (ASX:FND) 33.6% 91.2% Fenix Resources (ASX:FEX) 21.1% 53.9% Echo IQ (ASX:EIQ) 18% 51.4% Cyclopharm (ASX:CYC) 11.3% 97.8% BlinkLab (ASX:BB1) 39.8% 52.7% Alfabs Australia (ASX:AAL) 10.8% 41.3% Acrux (ASX:ACR) 15.5% 106.9% Click here to see the full list of 99 stocks from our Fast Growing ASX Companies With High Insider Ownership screener. We're going to check out a few of the best picks from our screener tool. Australian Ethical Investment Simply Wall St Growth Rating: ★★★★★☆ Overview: Australian Ethical Investment Ltd is a publicly owned investment manager with a market cap of A$875.60 million, focusing on ethical and sustainable investment strategies. Operations: The company generates revenue primarily from its Funds Management segment, amounting to A$110.80 million. Insider Ownership: 21.8% Australian Ethical Investment is poised for growth, with revenue projected to increase by 10.9% annually, outpacing the broader Australian market. The company's earnings grew by 24.6% last year and are expected to rise significantly over the next three years, surpassing market averages. Its return on equity is forecasted to reach a very high level in three years, indicating strong profitability potential. Despite no recent insider trading activity, these factors highlight its growth prospects. Dive into the specifics of Australian Ethical Investment here with our thorough growth forecast report. Our comprehensive valuation report raises the possibility that Australian Ethical Investment is priced higher than what may be justified by its financials. GemLife Communities Group Simply Wall St Growth Rating: ★★★★☆☆ Overview: GemLife Communities Group operates as a developer, builder, owner, and operator in the land lease community sector, providing resort-style communities for homeowners aged 50 and over in Australia with a market cap of A$1.65 billion. Operations: GemLife Communities Group generates revenue through its activities in developing, constructing, owning, and managing resort-style residential communities for individuals aged 50 and above within Australia. Insider Ownership: 26.6% GemLife Communities Group recently completed a significant A$750 million IPO, enhancing its capital base. The company's earnings are forecast to grow at 29.7% annually, outpacing the Australian market's average growth rate of 10.7%. Despite trading below fair value and having illiquid shares, GemLife's revenue is expected to grow faster than the market at 11.7% per year. However, interest payments are not well covered by earnings, which could pose financial challenges. Unlock comprehensive insights into our analysis of GemLife Communities Group stock in this growth report. Our expertly prepared valuation report GemLife Communities Group implies its share price may be too high. Regis Healthcare Simply Wall St Growth Rating: ★★★★★☆ Overview: Regis Healthcare Limited provides residential aged care services in Australia and has a market cap of A$2.55 billion. Operations: The company's revenue is primarily derived from its residential aged care services, totaling A$1.10 billion. Insider Ownership: 39% Regis Healthcare is experiencing significant earnings growth, forecasted at 24.4% annually, outpacing the Australian market's average. Despite negative shareholder equity and trading at 31.5% below fair value, Regis became profitable this year. Insider activity shows substantial selling over the past three months without notable buying. Revenue is expected to grow by 7.9% per year, slower than high-growth benchmarks but still above market averages. Return on Equity is projected to be very high in three years. Click here and access our complete growth analysis report to understand the dynamics of Regis Healthcare. Our valuation report unveils the possibility Regis Healthcare's shares may be trading at a premium. Make It Happen Gain an insight into the universe of 99 Fast Growing ASX Companies With High Insider Ownership by clicking here. Interested In Other Possibilities? Rare earth metals are the new gold rush. Find out which 25 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ASX:AEF ASX:GLF and ASX:REG. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

Judo Capital Holdings And 2 Other ASX Penny Stocks To Monitor
Judo Capital Holdings And 2 Other ASX Penny Stocks To Monitor

Yahoo

timean hour ago

  • Yahoo

Judo Capital Holdings And 2 Other ASX Penny Stocks To Monitor

Amidst the backdrop of global tariff tensions and a subdued Australian market, investors are exploring diverse opportunities to navigate these uncertain times. Penny stocks, though often associated with smaller or newer companies, continue to hold relevance for those seeking potential growth outside the mainstream. This article will examine three such stocks that combine financial strength with promising prospects, offering intriguing possibilities for investors looking beyond conventional options. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.03 A$95.76M ★★★★★★ GTN (ASX:GTN) A$0.365 A$69.59M ★★★★★★ IVE Group (ASX:IGL) A$2.91 A$448.67M ★★★★★☆ West African Resources (ASX:WAF) A$2.26 A$2.58B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.77 A$468M ★★★★★★ Regal Partners (ASX:RPL) A$2.95 A$991.86M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Austco Healthcare (ASX:AHC) A$0.385 A$140.26M ★★★★★★ CTI Logistics (ASX:CLX) A$1.855 A$149.41M ★★★★☆☆ Click here to see the full list of 459 stocks from our ASX Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Judo Capital Holdings Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Judo Capital Holdings Limited, with a market cap of A$1.74 billion, provides a range of banking products and services specifically tailored for small and medium businesses in Australia through its subsidiaries. Operations: The company generates revenue of A$325.5 million from its banking operations, focusing on products and services for small and medium enterprises in Australia. Market Cap: A$1.74B Judo Capital Holdings Limited, with a market cap of A$1.74 billion, focuses on banking services for small and medium enterprises in Australia. The company has a robust allowance for bad loans at 111% and maintains an appropriate Loans to Assets ratio of 82%. However, its Return on Equity is low at 4%, and earnings growth has been negative over the past year despite having high-quality earnings. The management team and board are experienced with average tenures of 3.5 years and 4.8 years respectively. Judo's shares trade at a discount to estimated fair value by approximately 25.8%. Click to explore a detailed breakdown of our findings in Judo Capital Holdings' financial health report. Review our growth performance report to gain insights into Judo Capital Holdings' future. LGI Simply Wall St Financial Health Rating: ★★★★★☆ Overview: LGI Limited specializes in carbon abatement and renewable energy solutions using biogas from landfill, with a market cap of A$310.83 million. Operations: The company's revenue is derived from Carbon Abatement (A$17.03 million), Renewable Energy (A$15.05 million), and Infrastructure Construction and Management (A$2.21 million). Market Cap: A$310.83M LGI Limited, with a market cap of A$310.83 million, derives revenue from carbon abatement and renewable energy solutions. Despite significant earnings growth over the past five years, recent negative earnings growth (-15.3%) poses challenges against industry averages. The company's short-term assets (A$20.9M) comfortably cover its short-term liabilities (A$9.9M), but not its long-term obligations (A$30.8M). Debt management is prudent, evidenced by a reduced debt-to-equity ratio now at 46.2% and satisfactory net debt to equity of 14.9%. However, the management team's inexperience could be a concern for potential investors evaluating stability and strategic direction. Jump into the full analysis health report here for a deeper understanding of LGI. Explore LGI's analyst forecasts in our growth report. Michael Hill International Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Michael Hill International Limited operates jewelry stores and offers related services across Australia, New Zealand, and Canada, with a market cap of A$161.62 million. Operations: The company generated revenue of A$644.09 million from its jewelry retail operations in Australia, New Zealand, and Canada. Market Cap: A$161.62M Michael Hill International, with a market cap of A$161.62 million, operates across Australia, New Zealand, and Canada. Despite generating significant revenue of A$644.09 million, the company faces challenges with declining profit margins (currently 0.2%) and negative earnings growth (-92.5%) over the past year. While its short-term assets exceed both short- and long-term liabilities, interest coverage is weak at 1.7 times EBIT. The company's debt is well-covered by operating cash flow (196.3%), but recent leadership changes due to the passing of founder Sir Michael Hill may impact strategic direction moving forward. Click here and access our complete financial health analysis report to understand the dynamics of Michael Hill International. Gain insights into Michael Hill International's outlook and expected performance with our report on the company's earnings estimates. Summing It All Up Click through to start exploring the rest of the 456 ASX Penny Stocks now. Curious About Other Options? AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:JDO ASX:LGI and ASX:MHJ. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store