DocumentCode :
3760462
Title :
Economic analysis of applying the used EV battery to commercial electricity customer
Author :
Kuan Zheng;Zhanghua Zheng;Haiyun Jiang;Jie Ren
Author_Institution :
State Grid Energy Research Institute Beijing, China
fYear :
2015
Firstpage :
2100
Lastpage :
2103
Abstract :
Electric vehicles have indeed contributed a lot to the energy savings and environment protections, while it leaves a worldwide problem that is how to recycle its core component-the battery. A specific economic analysis of applying the used EV battery to the commercial electricity customers is carried out based on actual data of the real-time load curves and the electricity prices collected from the State Grid Beijing Electric Power Company. Obtained results show that the secondary utilization of the EV battery as a storage technology is justified in load shifting application and its cost effectiveness is decided mainly by the volatility of electricity prices. Furthermore is reasonable for commercial application and the benefits can be improved with capital cost being lower and lifetime being longer. In addition, its benefits include not only the monetary savings from the load shifting, but also the improvement of network congestion by reducing the peak demand. Subsidy to storage technology market is also reasonable if savings from network congestion improvement is significant.
Keywords :
"Batteries","Economics","Companies","Bicycles","Power grids","Electric potential"
Publisher :
ieee
Conference_Titel :
Electric Utility Deregulation and Restructuring and Power Technologies (DRPT), 2015 5th International Conference on
Type :
conf
DOI :
10.1109/DRPT.2015.7432593
Filename :
7432593
Link To Document :
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