TY - GEN
T1 - Optimal sizing of PV and energy storage in an electric vehicle extreme fast charging station
AU - Liu, Guodong
AU - Xue, Yaosuo
AU - Chinthavali, Madhu S.
AU - Tomsovic, Kevin
N1 - Publisher Copyright:
© 2020 IEEE.
PY - 2020/2
Y1 - 2020/2
N2 - This paper proposes an optimization model for the optimal sizing of photovoltaic (PV) and energy storage in an electric vehicle extreme fast charging station considering the coordinated charging strategy of the electric vehicles. The proposed model minimizes the annualized cost of the extreme fast charging station, including investment and maintenance cost of PV and energy storage, cost of purchasing energy from utility and demand charge. The decision variables are capacity of invested PV and the power and energy ratings of invested energy storage. To further reduce the annualized cost of the extreme fast charging station, the charging strategy of electric vehicles are integrated into the optimization model and coordinated with the power output of PV and charging/discharging of energy storage. Results of numerical simulations indicate that investment of PV and energy storage could help reduce the annualized cost of the extreme fast charging station significantly. Meanwhile, the impacts of various parameters on the optimal solution are investigated by sensitivity analysis.
AB - This paper proposes an optimization model for the optimal sizing of photovoltaic (PV) and energy storage in an electric vehicle extreme fast charging station considering the coordinated charging strategy of the electric vehicles. The proposed model minimizes the annualized cost of the extreme fast charging station, including investment and maintenance cost of PV and energy storage, cost of purchasing energy from utility and demand charge. The decision variables are capacity of invested PV and the power and energy ratings of invested energy storage. To further reduce the annualized cost of the extreme fast charging station, the charging strategy of electric vehicles are integrated into the optimization model and coordinated with the power output of PV and charging/discharging of energy storage. Results of numerical simulations indicate that investment of PV and energy storage could help reduce the annualized cost of the extreme fast charging station significantly. Meanwhile, the impacts of various parameters on the optimal solution are investigated by sensitivity analysis.
KW - Charging station
KW - Coordinated charging strategy
KW - Electric vehicle
KW - Energy storage sizing
KW - PV sizing
UR - http://www.scopus.com/inward/record.url?scp=85086270103&partnerID=8YFLogxK
U2 - 10.1109/ISGT45199.2020.9087792
DO - 10.1109/ISGT45199.2020.9087792
M3 - Conference contribution
AN - SCOPUS:85086270103
T3 - 2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020
BT - 2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020
Y2 - 17 February 2020 through 20 February 2020
ER -