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New Findings from University of Michigan Update Understanding of Electrochemical Research (The Value of Vehicle-to-grid In a Decarbonizing California Grid)

  • Dec 3, 2021
  • 80 views
Source: 
Energy Daily News

2021 DEC 02 (NewsRx) -- By a News Reporter-Staff News Editor at Energy Daily News -- Data detailed on Electrochemical Research have been presented. According to news reporting out of Ann Arbor, Michigan, by NewsRx editors, research stated, “Vehicle-to-grid (V2G) technology could increase electric vehicle (EV) revenues and grid flexibility. Prior analyses have quantified potential V2G revenues, but each has ignored at least one of four factors that could drive future V2G revenues: future grid changes, large EV numbers, V2G interactions with electricity prices, and V2G operational responses to shifts in electricity prices.”

Financial support for this research came from University of Michigan’s School for Environment and Sustainability.

Our news journalists obtained a quote from the research from the University of Michigan, “Our innovation is the capture of all four factors to quantify net revenues of a fleet of V2G-enabled EVs in California through 2030 by co-simulating optimization models for V2G and power system operations. We find V2G-enabled EVs generate an average of $32-$48 more annual net revenues than smart-charging EVs. Declining electricity prices through 2030 due to decarbonization and V2G participation decreases V2G revenues, and ignoring fleet-wide V2G participation significantly overestimates V2G annual net revenues.”

According to the news editors, the research concluded: “Overall, these results indicate V2G revenues could be modest and decrease in the future, underscoring the value of our co-optimization framework.”

This research has been peer-reviewed.

For more information on this research see: The Value of Vehicle-to-grid In a Decarbonizing California Grid. Journal of Power Sources, 2021;513. Journal of Power Sources can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Journal of Power Sources - http://www.journals.elsevier.com/journal-of-power-sources/)

Our news journalists report that additional information may be obtained by contacting Michael T. Craig, University of Michigan, School of Environment and Sustainability, Ann Arbor, MI 48109, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.jpowsour.2021.230472. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

 

(Our reports deliver fact-based news of research and discoveries from around the world.)

 

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