Abstract
This paper proposes an optimization model for the optimal configuration of an grid-connected electric vehicle (EV) extreme fast charging station considering integration of photovoltaic (PV) and energy storage. The proposed model minimizes the annualized net cost (i.e., maximizes the annualized net profit) of the extreme fast charging station, including investment and maintenance cost of charging ports, PV and energy storage, net cost of purchasing energy from utility and selling energy to EV customers, degradation cost of energy storage and demand charge. The decision variables are number of charging ports, capacity of invested PV and the power and energy ratings of invested energy storage. The Erlang-loss system is adopted to model the EV mobility. Results of numerical simulations indicate that investment of PV and energy storage could increase the annualized profit of the extreme fast charging station. In addition, the impacts of various parameters on the optimal solution are investigated by sensitivity analysis.
| Original language | English |
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| Title of host publication | 2021 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2021 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781728188973 |
| DOIs | |
| State | Published - Feb 16 2021 |
| Event | 2021 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2021 - Washington, United States Duration: Feb 16 2021 → Feb 18 2021 |
Publication series
| Name | 2021 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2021 |
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Conference
| Conference | 2021 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2021 |
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| Country/Territory | United States |
| City | Washington |
| Period | 02/16/21 → 02/18/21 |
Funding
This work is sponsored by the Laboratory Directed Research and Develop ment Progra m of Oak Ridge National Laboratory, managed by UT-Battelle, L L C, f or t he U. S. De part me nt of E ner g y. T his w or k als o ma de use of Engineering Research Center Shared Facilities supported by the Engineering Research Center Progra m of the National Science Foundation a n d t he De part me nt of E ner g y u n der N S F A war d N u m ber E E C-1 0 4 1 8 7 7 a n d the CURENTIndustry Partnership Program.
Keywords
- Electric vehicle
- Energy storage sizing
- Optimal number of charging ports
- PV sizing
- Queuing model