Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis
Electrification of the transportation segment has long been seen as a promising solution to reduce oil dependency and its environmental impacts. Electric Vehicles (EVs) can also be used as distributed energy resources providing ancillary services to the grid through Vehicle-to-grid (V2G). Incent...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Conference Paper |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/82360 http://hdl.handle.net/10220/39954 |
| _version_ | 1826110904878497792 |
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| author | Lav, Agarwal Wang, Peng Lalit, Goel |
| author2 | School of Electrical and Electronic Engineering |
| author_facet | School of Electrical and Electronic Engineering Lav, Agarwal Wang, Peng Lalit, Goel |
| author_sort | Lav, Agarwal |
| collection | NTU |
| description | Electrification of the transportation segment has
long been seen as a promising solution to reduce oil dependency
and its environmental impacts. Electric Vehicles (EVs) can also
be used as distributed energy resources providing ancillary
services to the grid through Vehicle-to-grid (V2G). Incentives
through V2G can lead to reduced EV ownership cost, thus
increasing their acceptance and overall penetration. However,
with high current battery prices and increased battery wear due
to more frequent charging and discharging during V2G
operations, it becomes economically challenging in realizing a
profitable business model. This paper presents an economic
analysis of various V2G offerings in consideration of market
prices and battery wear cost. Aggregate Power Capacity, from a
fleet of EVs is realized by modeling their driving pattern using
trip chaining based on data from survey conducted, employment
pattern and vehicular statistics. Battery life cycle is analyzed, for
achievable cycle counts and net energy transferrable, operating
to various depths of discharge (DoD) values. Economic analysis is
performed using Singapore data. |
| first_indexed | 2024-10-01T02:42:08Z |
| format | Conference Paper |
| id | ntu-10356/82360 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:42:08Z |
| publishDate | 2016 |
| record_format | dspace |
| spelling | ntu-10356/823602020-03-07T13:24:44Z Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis Lav, Agarwal Wang, Peng Lalit, Goel School of Electrical and Electronic Engineering 2014 IEEE Innovative Smart Grid Technologies - Asia (ISGT ASIA) Electric Vehicle (EV); Vehicle-to-Grid (V2G); Driving pattern; Battery wear; ancillary services Electrification of the transportation segment has long been seen as a promising solution to reduce oil dependency and its environmental impacts. Electric Vehicles (EVs) can also be used as distributed energy resources providing ancillary services to the grid through Vehicle-to-grid (V2G). Incentives through V2G can lead to reduced EV ownership cost, thus increasing their acceptance and overall penetration. However, with high current battery prices and increased battery wear due to more frequent charging and discharging during V2G operations, it becomes economically challenging in realizing a profitable business model. This paper presents an economic analysis of various V2G offerings in consideration of market prices and battery wear cost. Aggregate Power Capacity, from a fleet of EVs is realized by modeling their driving pattern using trip chaining based on data from survey conducted, employment pattern and vehicular statistics. Battery life cycle is analyzed, for achievable cycle counts and net energy transferrable, operating to various depths of discharge (DoD) values. Economic analysis is performed using Singapore data. Accepted version 2016-02-11T03:34:12Z 2019-12-06T14:54:05Z 2016-02-11T03:34:12Z 2019-12-06T14:54:05Z 2014 Conference Paper Lav, A., Wang, P., & Lalit, G. (2014). Using EV battery packs for vehicle-to-grid applications: An economic analysis. 2014 IEEE Innovative Smart Grid Technologies - Asia (ISGT ASIA), 663-668. https://hdl.handle.net/10356/82360 http://hdl.handle.net/10220/39954 10.1109/ISGT-Asia.2014.6873871 en © 2014 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. The published version is available at: [http://dx.doi.org/10.1109/ISGT-Asia.2014.6873871]. application/pdf |
| spellingShingle | Electric Vehicle (EV); Vehicle-to-Grid (V2G); Driving pattern; Battery wear; ancillary services Lav, Agarwal Wang, Peng Lalit, Goel Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title | Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title_full | Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title_fullStr | Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title_full_unstemmed | Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title_short | Using EV Battery Packs for Vehicle-to-Grid Applications: An Economic Analysis |
| title_sort | using ev battery packs for vehicle to grid applications an economic analysis |
| topic | Electric Vehicle (EV); Vehicle-to-Grid (V2G); Driving pattern; Battery wear; ancillary services |
| url | https://hdl.handle.net/10356/82360 http://hdl.handle.net/10220/39954 |
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