2020/12/21 by Bharadwaj Satchidanandan, Satchidanandan, Bharadwaj, Munther A. Dahleh +1 · 1 citation
Engineering · #Electric Vehicles and Infrastructure #FOS: Electrical engineering #Smart Grid Energy Management #Systems and Control (eess.SY) #Transportation and Mobility Innovations #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.2012.11540
openalex publication_date 2020/12/21 · openalex created_date 2022/07/25 · openalex updated_date 2026/07/28
A key obstacle to increasing renewable energy penetration in the power grid\nis the lack of utility-scale storage capacity. Transportation electrification\nhas the potential to overcome this obstacle since Electric Vehicles (EVs) that\nare not in transit can provide battery storage as a service to the grid. This\nis referred to as EV-Power grid integration, and could potentially be a key\nmilestone in the pathway to decarbonize the electricity and the transportation\nsectors. We first show that if EV-Power grid integration is not done carefully,\nthen contrary to improving the cost efficiency of operating the grid, it could\nin fact be counterproductive to it. This fundamentally occurs due to two\nphenomena operating in tandem - the randomness of EV usage patterns and the\npossibility of strategic behavior by EV operators. We present a market-based\nsolution to address this issue. Specifically, we develop a mechanism for energy\nstorage markets using which the system operator can efficiently integrate a\nfleet of strategic EVs with random usage patterns into the grid, utilize them\nfor storage, and satisfy the demand at minimum possible cost.\n