Incremental Profitability Evaluation of Vehicle-to-Grid-Enabled Automated Frequency Restoration Reserve Services for Semi-Public Charging Infrastructure: A Case Study in Belgium

Abstract

The current paper defines a framework for the introduction of automated frequency restoration reserve services, enabled by vehicle-to-grid technology, into the business model of an entity owning and operating a network of semi-public Electric Vehicle Supply Equipment. It assesses the profitability of this introduction by performing a case study based on the real-life electric vehicle charging data from the EVSE network located in a hospital parking lot. From the results of the study, it is clearly visible that the introduction of vehicle-to-grid-enabled automated frequency restoration reserve services has a significant positive incremental profitability; however, this is heavily dependent on the plug-in ratio of the charging network, determined by electric vehicle users’ behavior.