Cost-Benefit Analysis of a Novel DC Fast-Charging Station with a Local Battery Storage for EVs

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedings – Annual report year: 2017Researchpeer-review

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Cost-Benefit Analysis of a Novel DC Fast-Charging Station with a Local Battery Storage for EVs. / Gjelaj, Marjan; Træholt, Chresten; Hashemi Toghroljerdi, Seyedmostafa; Andersen, Peter Bach.

Proceedings of 52nd International Universities' Power Engineering Conference. IEEE, 2017.

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedings – Annual report year: 2017Researchpeer-review

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Gjelaj, M, Træholt, C, Hashemi Toghroljerdi, S & Andersen, PB 2017, Cost-Benefit Analysis of a Novel DC Fast-Charging Station with a Local Battery Storage for EVs. in Proceedings of 52nd International Universities' Power Engineering Conference. IEEE, 52nd International Universities' Power Engineering Conference, Heraklion, Greece, 28/08/2017. https://doi.org/10.1109/UPEC.2017.8231973

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@inproceedings{c34b87ddf72c4f069afec0d6b5977160,
title = "Cost-Benefit Analysis of a Novel DC Fast-Charging Station with a Local Battery Storage for EVs",
abstract = "The increasing penetration of Electric Vehicles (EVs) and their charging systems is representing new highpower consumption loads for the distribution system operators (DSOs). To solve the problem of the EV range in terms of driving kilometers, the car manufacturers have invested resources on new EV models by increasing the size of the batteries. To satisfy EV load demand of the new EV models in urban areas the public DC Fast-Charging Station (DCFCS) is indispensable to recharge EVs rapidly. The introduction of the Battery Energy Storage within the DCFCSs is considered in this paper an alternative solution to reduce the operational costs of the charging stations as well as the ability to mitigate negative impacts during the congestion on the power grids. An accurate description of the DCFCS and its design system, which is able to decouple the peak load demand caused by EVs on the main grid and decrease the connection fees. Finally, an economic evaluation is done to evaluate the feasibility and the cost-benefit analysis (CBA) of the DCFCSs. The proposed approach considers various technical and economic issues, such as cost of installation, connection fees and life cycle cost of the batteries. The proposed cost-benefit analysis can be used to verify the effectiveness and applicability of DCFCS in large scale.",
keywords = "Battery energy storage, Cost-benefit analysis, Fast charging station, Electric vehicles, Market design",
author = "Marjan Gjelaj and Chresten Tr{\ae}holt and {Hashemi Toghroljerdi}, Seyedmostafa and Andersen, {Peter Bach}",
year = "2017",
doi = "10.1109/UPEC.2017.8231973",
language = "English",
booktitle = "Proceedings of 52nd International Universities' Power Engineering Conference",
publisher = "IEEE",

}

RIS

TY - GEN

T1 - Cost-Benefit Analysis of a Novel DC Fast-Charging Station with a Local Battery Storage for EVs

AU - Gjelaj, Marjan

AU - Træholt, Chresten

AU - Hashemi Toghroljerdi, Seyedmostafa

AU - Andersen, Peter Bach

PY - 2017

Y1 - 2017

N2 - The increasing penetration of Electric Vehicles (EVs) and their charging systems is representing new highpower consumption loads for the distribution system operators (DSOs). To solve the problem of the EV range in terms of driving kilometers, the car manufacturers have invested resources on new EV models by increasing the size of the batteries. To satisfy EV load demand of the new EV models in urban areas the public DC Fast-Charging Station (DCFCS) is indispensable to recharge EVs rapidly. The introduction of the Battery Energy Storage within the DCFCSs is considered in this paper an alternative solution to reduce the operational costs of the charging stations as well as the ability to mitigate negative impacts during the congestion on the power grids. An accurate description of the DCFCS and its design system, which is able to decouple the peak load demand caused by EVs on the main grid and decrease the connection fees. Finally, an economic evaluation is done to evaluate the feasibility and the cost-benefit analysis (CBA) of the DCFCSs. The proposed approach considers various technical and economic issues, such as cost of installation, connection fees and life cycle cost of the batteries. The proposed cost-benefit analysis can be used to verify the effectiveness and applicability of DCFCS in large scale.

AB - The increasing penetration of Electric Vehicles (EVs) and their charging systems is representing new highpower consumption loads for the distribution system operators (DSOs). To solve the problem of the EV range in terms of driving kilometers, the car manufacturers have invested resources on new EV models by increasing the size of the batteries. To satisfy EV load demand of the new EV models in urban areas the public DC Fast-Charging Station (DCFCS) is indispensable to recharge EVs rapidly. The introduction of the Battery Energy Storage within the DCFCSs is considered in this paper an alternative solution to reduce the operational costs of the charging stations as well as the ability to mitigate negative impacts during the congestion on the power grids. An accurate description of the DCFCS and its design system, which is able to decouple the peak load demand caused by EVs on the main grid and decrease the connection fees. Finally, an economic evaluation is done to evaluate the feasibility and the cost-benefit analysis (CBA) of the DCFCSs. The proposed approach considers various technical and economic issues, such as cost of installation, connection fees and life cycle cost of the batteries. The proposed cost-benefit analysis can be used to verify the effectiveness and applicability of DCFCS in large scale.

KW - Battery energy storage

KW - Cost-benefit analysis

KW - Fast charging station

KW - Electric vehicles

KW - Market design

U2 - 10.1109/UPEC.2017.8231973

DO - 10.1109/UPEC.2017.8231973

M3 - Article in proceedings

BT - Proceedings of 52nd International Universities' Power Engineering Conference

PB - IEEE

ER -