More California EV Owners Can Now Power Their Homes, Save on Energy Costs, and Support the Grid Through PG&E's Expanded Vehicle-to-Everything Program

Rhea-AI Summary

Pacific Gas and Electric Company (NYSE: PCG) announced a major expansion of its residential Vehicle-to-Everything (V2X) program, adding new EV models from Kia, Volvo, Polestar, Nissan and General Motors, along with new charger options through partnerships with Bidirectional Energy and PowerFlex.

The program enables compatible EVs to serve as mobile batteries for home backup power, managing household energy costs, and supporting the grid. Residential customers can receive upfront incentives of $2,500 (or $3,000 in disadvantaged communities) plus a $1,500 Early Adopter Incentive for the first 250 enrollments. Commercial customers installing bidirectional chargers can access incentives up to $5,000, with enrollment open through June 30, 2027.

News Explained

The newly eligible vehicle-and-charger combinations also qualify for up to $13,000 in additional California Energy Commission grant-funded incentives, subject to further eligibility requirements, expanding the customer support available under the program.

Argus Aug 24 session

+2.84% close to close Open Argus

Details

News Market Reaction – PCG

On Aug 24, the day this news came out, PCG closed 2.84% above the previous close.

Data tracked by StockTitan Argus for the Aug 24 session.

Key Figures

Additional incentives: Up to $13,000 Residential upfront incentive: $2,500 ($3,000 in disadvantaged communities) Early adopter incentive: $1,500 +5 more

Additional incentives

Up to $13,000

Newly eligible vehicle and charger combinations

Residential upfront incentive

$2,500 ($3,000 in disadvantaged communities)

Residential customers

Early adopter incentive

$1,500

First 250 customers to enroll

Commercial incentive under 50 kW

$2,500 ($3,000 in disadvantaged communities)

3-phase bidirectional charger less than 50 kW

Commercial incentive at least 50 kW

$4,500 ($5,000 in disadvantaged communities)

3-phase bidirectional charger greater than or equal to 50 kW

Enrollment deadline

June 30, 2027

Customer enrollment period

School buses using carbon-based fuels

Over 90% of 500,000 school buses

National school bus fleet

Annual greenhouse gas emissions

Over 8.4 million tons

School buses using carbon-based fuels

Historical Context

5 past events · Latest: Aug 10

5 events

1. Aug 10

   Public safety campaign

   24h Move

   -2.4%

   811 Day outreach followed by a negative 24-hour price reaction.

2. Jul 31

   Tender offer results

   24h Move

   +0.3%

   PG&E announced final acceptance terms for its cash tender offers.

3. Jul 31

   Tender offer pricing

   24h Move

   +0.3%

   PG&E disclosed pricing, deadlines, and preliminary bond proration terms.

4. Jul 29

   Heat preparedness

   24h Move

   +0.4%

   PG&E prepared crews and equipment for heat and wildfire conditions.

5. Jul 27

   Tender offer upsizing

   24h Move

   -1.4%

   PG&E increased the aggregate tender amount from $1.0 billion to $1.2 billion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

vehicle-to-everything (v2x), bidirectional charger, vehicle-to-grid, 3-phase bidirectional charger

4 terms

vehicle-to-everything (v2x) technical

"PG&E's Vehicle-to-Everything (V2X) program"

Vehicle-to-everything (V2X) is a system that lets cars and other vehicles communicate wirelessly with other vehicles, road infrastructure, pedestrians’ devices and the broader network, like a traffic-aware messaging system. For investors it matters because V2X can reduce accidents, improve traffic flow and unlock new software, sensor and data services, creating revenue opportunities for automakers, suppliers and telecom providers while also exposing firms to regulatory, infrastructure and cybersecurity risks.

bidirectional charger technical

"With a bidirectional charger, customers can use the electricity stored"

A bidirectional charger is an electric vehicle charger that can not only fill a vehicle’s battery but also send electricity back out to a home or the power grid, like a two-way street for energy. For investors, it matters because it can create new revenue and cost-saving opportunities—such as selling stored power during peak demand or providing grid services—potentially boosting the value of EVs, utilities, and companies making charging hardware or software.

vehicle-to-grid technical

"operating system for residential vehicle-to-grid (V2G) capabilities"

Vehicle-to-grid (V2G) is a technology that lets electric vehicles send stored battery power back to the electricity grid and later draw power again, turning each parked car into a mobile power bank. For investors it matters because V2G can create new revenue streams for vehicle owners and fleet operators, reduce the need for stationary batteries, and change demand patterns for utilities and energy companies, affecting valuations across auto, energy, and grid technology sectors.

3-phase bidirectional charger technical

"installing a 3-phase bidirectional charger less than 50 kW"

An electrical charger that connects to three-phase AC power (the high-capacity, multi‑wire system used in commercial and some residential settings) and can move electricity both into a battery and back out of it. Think of the three-phase part as a multi‑lane highway for power, and the bidirectional part as allowing traffic to flow both ways; for investors, that combination enables faster charging, higher-capacity installations, and the ability to provide grid services or backup power by exporting stored energy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Bidirectional Energy and PowerFlex join PG&E's residential V2X program, helping accelerate adoption of new bidirectional technology and giving customers more ways to save money, boost home resilience, and support grid reliability

EVs from Kia, Volvo, Polestar, and Nissan are now approved and eligible for participation

OAKLAND, Calif., Aug. 24, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today announced a significant expansion of its Vehicle-to-Everything (V2X) program, adding several new vehicles and charger options that give customers greater energy resilience and choice in how they power their lives and participate in California's clean energy future.

This includes the addition of Bidirectional Energy and PowerFlex as approved partners, broadening the network of automakers, charger manufacturers, and software solutions providers participating in the program.

Q: What is PG&E announcing?
A: Today, PG&E announced a major expansion of its Vehicle-to-Everything (V2X) program, adding new vehicles and charger options through partnerships with Bidirectional Energy and PowerFlex. This expanded network of automakers, chargers, and software solutions gives customers more choices, including the addition of Kia, Volvo, Polestar, and Nissan EVs.

Q: Why is this expansion important for customers?
A: "This expansion is all about choice," said David Almeida, Director, Clean Energy Transportation at PG&E. "By broadening the mix of eligible vehicles and chargers, we're helping our customers access this valuable technology, while also offering them a way turn their EV into a home backup and a grid asset."

The expansion builds on the Ford, Tesla, Chevrolet, GMC, and Cadillac models already on the Eligible Products List. 

Q: What is Vehicle-to-Everything (V2X)?
A: V2X technology allows compatible electric vehicles to be used as mobile batteries. With a bidirectional charger, customers can use the electricity stored in their EV battery to:

• Provide backup power to their home during outages
• Help manage household energy costs
• Send power back to the grid during periods of high electricity demand
• Support overall grid reliability

PG&E's Vehicle-to-Everything (V2X) program offers customers financial incentives to install new bidirectional EV charging technology, which allows a customer's EV to act as a mobile battery, capable of storing electricity that can be used to power their home.

Q: What new options are being added to the program?
A: Customers can now participate through partnerships with Bidirectional Energy and PowerFlex. Newly eligible vehicle and charger combinations include:

• Nissan Leaf (2018-2025) with a dcbel Ara charger
• Volvo EX90 (2025) with a dcbel Ara charger
• Polestar 3 (2025) with a dcbel Ara charger
• Kia EV9 (2024 and newer) with a Wallbox Quasar 2 charger
• Kia EV6 (2025 and newer) with a Wallbox Quasar 2 charger

These offerings qualify for up to $13,000 in additional incentives being made available through California Energy Commission grant funding, subject to additional eligibility requirements.

Q: Are there any other vehicles being added as part of this expansion of the program?
A: Yes. The expanded program also now includes new EV models from General Motors:

• Chevrolet Bolt (2027)
• Cadillac Celestiq (2025 and newer)
• Cadillac Escalade IQL (2025 and newer)

Customers can also participate through existing options from Ford, General Motors, and Tesla. Capabilities vary by vehicle and charger combination.

Q: Has PG&E deployed V2X technology elsewhere?
A: Yes. PG&E has also advanced V2X solutions for commercial and fleet customers. The company has worked with school districts in Fremont, Oakland, and San Francisco to support the transition to bidirectionally capable electric school bus fleets. These projects help districts reduce emissions and operating costs while providing additional support for California's electrical grid.

Q: What incentives are available for residential customers?
A: Residential incentives include:

• $2,500 upfront ($3,000 for customers in disadvantaged communities)
• $1,500 Early Adopter Incentive for the first 250 customers to enroll

Q: What about commercial customers?
A: PG&E has supported Fremont, Oakland, and San Francisco school districts in transitioning to bidirectionally capable electric school bus fleets, helping the districts save money and reduce emissions. Today, over 90% of the nation's 500,000 school buses run on carbon-based fuels, releasing over 8.4 million tons of greenhouse gases annually, exposing students and communities to harmful fumes. By replacing gas - and diesel-powered vehicles with electric ones, PG&E is helping reduce tailpipe emissions and improving air quality.

Commercial incentives include:

• $2,500 upfront ($3,000 for customers in disadvantaged communities) for installing a
  3-phase bidirectional charger less than 50 kW.
• $4,500 upfront ($5,000 for customers in disadvantaged communities) for installing a
  3-phase bidirectional charger greater than or equal to 50 kW.

Q: When can customers enroll?
A: Customers can enroll through June 30, 2027. To learn more and enroll, visit Vehicle to Everything (V2X) Pilot Programs | PG&E.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com and www.pge.com/about/newsroom. Media Line: 415-973-5930

About PowerFlex 

PowerFlex, the largest installer of commercial solar in the U.S., is a clean technology solutions company making the transformation to carbon-free electrification and transportation possible. PowerFlex manages more than 70,000 EV chargers nationwide, making it the largest hardware agnostic EV charging provider in the U.S. It's backed by EDF power solutions North America, Manulife Investments and The Mobility House.

About Bidirectional Energy

Bidirectional Energy is a software company building the operating system for residential vehicle-to-grid (V2G) capabilities. Its platform connects EVs, bidirectional chargers and utility programs to help drivers lower energy costs, access backup power and earn income by supporting the grid—all while maintaining control over when and how their vehicles are used. Headquartered in San Francisco, Bidirectional Energy partners with automakers, charger manufacturers and utilities to bring bidirectional charging from pilot projects to broad adoption.

 

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SOURCE Pacific Gas and Electric Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is PG&E (NYSE: PCG) announcing about its Vehicle-to-Everything (V2X) program on August 24, 2026?

PG&E is expanding its V2X program by adding new eligible EV models and charger options through Bidirectional Energy and PowerFlex partnerships. According to PG&E, this broadened network gives customers more ways to use EVs for home backup power, cost management, and grid support.

Which electric vehicles are newly eligible for PG&E’s expanded V2X program for PCG customers?

Newly eligible EVs include the Nissan Leaf (2018–2025), Volvo EX90 (2025), Polestar 3 (2025), Kia EV9 (2024+), and Kia EV6 (2025+). According to PG&E, additional GM models such as the 2027 Chevrolet Bolt and newer Cadillac Celestiq and Escalade IQL are also included.

What incentives are available to residential customers in PG&E’s V2X program (PCG)?

Residential customers can receive a $2,500 upfront incentive or $3,000 in disadvantaged communities, plus a $1,500 Early Adopter Incentive for the first 250 enrollments. According to PG&E, certain offerings also qualify for up to $13,000 in additional California Energy Commission-funded incentives, subject to eligibility.

What incentives does PG&E offer commercial customers for bidirectional charging under the V2X program?

Commercial customers can receive $2,500 ($3,000 in disadvantaged communities) for installing a three-phase bidirectional charger under 50 kW and $4,500 ($5,000 in disadvantaged communities) for chargers 50 kW or larger. According to PG&E, these incentives support adoption of bidirectional charging and grid-supporting fleets.

How can PG&E’s V2X program help EV owners reduce energy costs and improve home resilience?

The V2X program allows compatible EVs to act as mobile batteries, providing backup power during outages and helping manage household energy costs. According to PG&E, customers can also send power back to the grid during high-demand periods, supporting overall grid reliability while accessing financial incentives.

When is the enrollment window for PG&E’s expanded V2X program for PCG customers?

Customers can enroll in the expanded V2X program through June 30, 2027. According to PG&E, both residential and commercial customers within its service territory can participate, provided they use eligible vehicles and bidirectional chargers and meet the program’s technical and location requirements.

Which partners are involved in PG&E’s V2X program expansion and what do they provide?

The expansion adds Bidirectional Energy and PowerFlex as approved partners, alongside existing automaker participants. According to PG&E, Bidirectional Energy provides software to connect EVs, chargers, and utility programs, while PowerFlex supplies clean technology solutions and manages a large network of EV chargers nationwide.