A Smart Solution for Fair Value Compensation (FVC) in EV-Batteries Based Mobile Microgrid

Raziq Yaqub, Azaz Tariq, Yu Cao
2012 2012 10th International Conference on Frontiers of Information Technology  
Discharging large scale of Electric Vehicle (EV) batteries when power demand is high, and charging them back when the peak is over, is relatively a new area in smart grid energy management. An Independent System Operator (ISO) will coordinate, control and monitor such operation. Since the battery lifespan is a function of number of cycles the battery is charged or discharged, the EV driver, who agrees to sign up for such a program, will need to learn about the number of cycles his EV battery is
more » ... charged and discharged by the ISO to discover if incentive offered by the ISO is a fair value in contrast to the depreciation of the EV battery so caused. This paper presents a smart solution for FAIR VALUE COMPENSATION (FVC) in EV-batteries based mobile microgrid. The proposed architecture consists of three key functional elements: i.e.: a Cycle Counter; that will count the number of cycles the battery is charged and discharged. A Computation Logic, that will compile and present real time battery depreciation and compute fair value the EV owner deserves, decision parameters intended to help EV driver make educated decision.
doi:10.1109/fit.2012.47 dblp:conf/fit/YaqubTC12 fatcat:qwcla2qpuzbohjvtpr4suznpcy