Sell Your Projects | My Account | Careers | This email address is being protected from spambots. You need JavaScript enabled to view it. | Call: +91 9573777164

Optimal Combined Bidding of Vehicle-to-Grid Ancillary Services

1 1 1 1 1 Rating 4.89 (45 Votes)

PROJECT TITLE :

Optimal Combined Bidding of Vehicle-to-Grid Ancillary Services

ABSTRACT:

Vehicle-to-grid (V2G) has the potential of reducing the cost of owning and operating electric vehicles (EVs) while increasing utility system flexibility. Unidirectional V2G is a logical first step because it can be implemented on standard J1772 chargers and it does not degrade EV batteries from cycling. In this work an optimal combined bidding formulation for regulation and spinning reserves is developed to be used by aggregators. This formulation takes into account unplanned departures by EV owners during contract periods and compensates accordingly. Optional load level and price constraints are also developed. These algorithms maximize profits to the aggregator while increasing the benefits the customers and utility. Simulations over a three month period on the ERCOT system show that implementation of these algorithms can provide significant benefits to customers, utilities, and aggregators. Comparisons with bidirectional V2G show that while the benefits of unidirectional V2G are significantly lower, so are the risks.


Did you like this research project?

To get this research project Guidelines, Training and Code... Click Here


Optimal Combined Bidding of Vehicle-to-Grid Ancillary Services - 4.9 out of 5 based on 45 votes

Project EnquiryLatest Ready Available Academic Live Projects in affordable prices

Included complete project review wise documentation with project explanation videos and Much More...