Electric vehicle smart charging business case - outcomes and prospects for electric vehicle aggregators

This paper presents the major outcomes and prospects of the ELVIS research project which aims to deliver a fully integrated market-based smart charging services platform to Electric Vehicle Aggregators. The platform includes three innovative components for use in real-world cases: an online profiling and forecasting tool for plug-in electric vehicle fleets, a series of innovative mathematical models for optimal bidding in electricity markets and a platform that integrates all the essential operational procedures for smart charging operation. The main challenges for the technical applicability of smart charging, and the key parameters that determines the viability of the smart charging business and its potential value for EV users are identified and discussed. Finally, the prospects of smart charging on minimizing the charging cost, creating profits for the Electric Vehicle Aggregators, and reducing the impact of massive uncontrolled charging on the reliable operation of the electricity networks, are also identified and discussed.