Vehicle-to-grid project

Deal Analysis

Veolia's development of electrification services, highlighted by its vehicle-to-grid (V2G) project with Westminster City Council, represents a strategic move to integrate energy management solutions within its existing local authority contracts. This initiative leverages Veolia's expertise in resource management to capitalize on the growing demand for EV charging infrastructure and grid stabilization services. The project aims to demonstrate the viability of V2G technology in a real-world urban environment, potentially paving the way for wider adoption and integration of EVs into the energy grid. While the financial details of the project remain undisclosed, the partnership between a global leader like Veolia and a prominent local authority like Westminster City Council underscores the significance of this development. The 'world-first' designation suggests a pioneering approach, potentially setting a benchmark for future V2G implementations. This project could serve as a model for other municipalities seeking to enhance their sustainability efforts and optimize energy usage through innovative EV charging solutions.

Veolia is leveraging existing local authority contracts to expand into EV charging.
The project is a 'world-first' V2G implementation, suggesting innovation.
Partnership between a global leader (Veolia) and a major local authority (Westminster City Council).
Focus on integrating EVs into the energy grid for grid stabilization.

Market Context: The EV charging sector is experiencing rapid growth, driven by increasing EV adoption and government initiatives to promote sustainable transportation. V2G technology represents a potentially disruptive innovation within this sector, offering the ability to use EVs as distributed energy resources to support grid stability and reduce reliance on traditional power sources. The UK market is particularly active in this space, with various pilot projects and investments aimed at developing advanced charging infrastructure.

Source Intelligence

KEY DETAILS

Veolia Group reported full-year 2025 revenue of £38.7 billion (€44.4 billion). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased from £5.9 billion (€6.8 billion) in 2024 to £6.1 billion (€7.05 billion) in 2025, representing 6.3% growth. Quote: Veolia Group has reported full-year 2025 revenue of £38.7 billion (€44.4 billion). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased from £5.9 billion (€6.8 billion) in 2024 to £6.1 billion (€7.05 billion) in 2025, representing 6.3% growth.

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Deal Size

Veolia secured £1bn in UK council contracts in 2025

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Location

Veolia secured £1bn in UK council contracts in 2025

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Announcement

February 26, 2026

PARTIES MENTIONED IN SOURCE

V

Veolia developer

"Veolia is also developing electrification services linked to its local authority contracts, including a world-first vehicle-to-grid (V2G) project delivered with Westminster City Council."

W

Westminster City Council counterparty

"Veolia is also developing electrification services linked to its local authority contracts, including a world-first vehicle-to-grid (V2G) project delivered with Westminster City Council."

L

London Borough of Bromley counterparty

"A long-term integrated waste management contract with the London Borough of Bromley"

S

Sutton Council counterparty