Using electric vehicle fleets as sustainable Virtual Power Plants: Evidence from a real-world setting
We design, implement, and evaluate the decision support system FleetPower, which controls a carsharing eet of electric vehicles (EV) for a Virtual Power Plant (VPP). VPPs balance volatile renewable energy sources. These energy sources pose a challenge to the grids stability and increase the chances of blackouts. The system makes real-time decisions on how many EVs should be made available for rental, used for vehicle-to-grid, or charged when the grid has excess capacity. Using an example of 500 EVs, we find that balancing market redesign is necessary to tap into the potential of storage. Especially charging the car with excess capacity is beneficial for a eet operator increasing gross profits by 7%. Increasing balancing needs and decreasing battery cost will make vehicle-to-grid economically viable by 2022.
|24th Annual Workshop on Information Technologies and Systems: Value Creation from Innovative Technologies, WITS 2014|
|Organisation||Rotterdam School of Management (RSM), Erasmus University|
Kahlen, M.T, & Ketter, W. (2014). Using electric vehicle fleets as sustainable Virtual Power Plants: Evidence from a real-world setting. Presented at the 24th Annual Workshop on Information Technologies and Systems: Value Creation from Innovative Technologies, WITS 2014. Retrieved from http://hdl.handle.net/1765/89038