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

Abstract

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 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 micro grid. 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.