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FleetPower: Creating Virtual Power Plants in Sustainable Smart Electricity Markets
TLDR
In this paper, the authors developed a discrete event simulation platform based on real-time locational information (GPS) of 1,100 electric cars from Daimlers carsharing service Car2Go in San Diego, Amsterdam, and Stuttgart.Abstract:
Electric vehicles have the potential to be used as virtual power plants to provide reliable back-up power. This generates additional profits for carsharing rental firms, who rent vehicles by the minute. We show this by developing a discrete event simulation platform based on real-time locational information (GPS) of 1,100 electric cars from Daimlers carsharing service Car2Go in San Diego, Amsterdam, and Stuttgart. We design trading prices (bids and asks) for participating in the respective operating reserve markets, markets for back-up power guaranteeing replacement when a power source fails, to sell the storage from idle electric vehicles. These trading prices are calibrated and tested with operating reserve market data. We investigate the influence of the charging infrastructure density, battery technology, and rental demand for vehicles on the payoff for the carsharing operator. We show that virtual power plants create sustainable revenue streams for electric vehicle carsharing companies without compromising their rental business.read more
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Electric vehicle virtual power plant dilemma: grid balancing versus customer mobility
TL;DR: In this article, the authors study the management of electric vehicle (EV) fleets organized in virtual power plants (VPP) as a way to address the challenges posed by the inflexible energy supply of renewable sources.
Virtual Power Plants of Electric Vehicles in Sustainable Smart Electricity Markets
TL;DR: In this paper, an analytical model that manages carsharing fleets is developed to balance out frequency deviations in the electricity grid, where the batteries of electric vehicles can be used as virtual power plants.
Competitive Benchmarking: An IS Research Approach to Address Wicked Problems with Big Data and Analytics
TL;DR: The experience applying CB to the sustainable energy challenge in the Power Trading Agent Competition (Power TAC) in which more than a dozen research groups from around the world jointly devise, benchmark, and improve IS-based solutions is described.
Journal ArticleDOI
Reinforcement learning for the optimization of electric vehicle virtual power plants
Electric vehicle virtual power plant dilemma: grid balancing versus customer mobility
TL;DR: In this paper, the authors study the management of electric vehicle (EV) fleets organized in virtual power plants (VPP) as a way to address the challenges posed by the inflexible energy supply of renewable sources.
References
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Design science in information systems research
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From sectoral systems of innovation to socio-technical systems: Insights about dynamics and change from sociology and institutional theory
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Positioning and presenting design science research for maximum impact
Shirley Gregor,Alan R. Hevner +1 more
TL;DR: This essay aims to help researchers appreciate the levels of artifact abstractions that may be DSR contributions, identify appropriate ways of consuming and producing knowledge when they are preparing journal articles or other scholarly works, and understand and position the knowledge contributions of their research projects.
Journal Article
How Smart, Connected Products Are Transforming Competition
TL;DR: Porter and Heppelmann as discussed by the authors provide a framework for developing strategy and achieving competitive advantage in a smart, connected world by providing a broad set of new strategic choices for companies about how value is created and captured.
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Using fleets of electric-drive vehicles for grid support
Jasna Tomić,Willett Kempton +1 more
TL;DR: In this article, the economic potential of two utility-owned fleets of battery-electric vehicles to provide power for a specific electricity market, regulation, in four US regional regulation services markets was evaluated.