Plug-in electric vehicles are emerging as a viable enabling technology for microgrids and virtual power plants within the next five years, according to Navigant Research.
The research firm states that plug-in electric vehicles can offer grid services under new business model platforms when aggregated and optimised with smart controls
However, if not managed in an intelligent way, can pose a threat to overall grid reliability.
Peter Asmus, research director with Navigant Research, said: “While the primary purposes of these platforms differ—resiliency versus bidirectional value exchanges—they share the common goal of extracting value from distributed energy resources (DER) portfolios.”
To succeed in the market, the research firm urges market players to:
- Support the development of communication standards
- Shape regulations on frequency regulation services
- Explore new energy as a service business models
- Microgrid stakeholders to focus on how PEVs provide value internally to the microgrid during emergency islanding and pair PEV fleets with stationary storage devices
- VPP ecosystem stakeholders should use advances in artificial intelligence, advocate for market reforms, and seek opportunity in the distributed energy resource management system market.
The research firm:
- Discusses how to develop a strategy to best extract grid services embedded in PEV batteries, charging loads, and charging infrastructure to help support microgrid and VPP deployments
- Showcases global deployments that tap PEVs as DER for microgrids and VPPs
- Identifies lessons learned from deployments that point to market opportunities
For more information about the report, visit Implementing EV-Based Grid Services for Microgrids and VPPs.