This project,
published in ACM's e-Energy conference 2023 available here, explores the concept of vehicle-to-grid (V2G) technology. V2G technology allows electric vehicles (EVs) to serve as battery packs, enabling users to sell stored excess battery back to the grid when energy demand peaks.
The project presents a unique approach to incentivize private EV owners to participate in V2G using contract theory from economics, thus creating a Virtual Power Plant (VPP) by aggregating numerous batteries. The project also simulates results over a year's worth of data on EV charging sessions and electricity market prices, revealing a profitability increase of over 12% compared to the baseline.
Video of the conference talk ·
PDF ·
Code