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00:02General Motors is releasing a software update that allows some U.S. electric vehicle owners
00:08to sell power back to the electric grid, according to Reuters.
00:11The update expands GM's existing vehicle-to-home energy system,
00:15which lets EVs power homes during blackouts to include grid-feeding capability.
00:21GM will take a cut of payments when owners sell electricity to utilities during high-demand periods.
00:27GM Energy Chief Revenue Officer Asim Kapoor told Reuters,
00:31the company is in discussions with around 10 utilities.
00:34Commercial rollout is expected in the next few months, starting in California and Texas.
00:39In Michigan, GM is running a vehicle-to-grid pilot with utility DTE Energy and 30 GM employees.
00:46Very few utilities currently offer this capability.
00:49For all things money, visit Benzinga.com.
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