Distribution utilities face opportunities and challenges with the growth in Plug-In Electric Vehicles (PEVs). While posing an overall threat to grid reliability if managed poorly, the technology also holds potential for grid services with new business models for micro-grids and Virtual Power Plants (VPPs). Navigant Research released a report detailing how to make the most of this growing technology to help support these new deployments.
Titled, “Implementing EV-Based Grid Services for Microgrids and VPPs,” the report finds the PEVs becoming viable enabling technologies within the next five years. For maximum success in the market, stakeholders in the PEV ecosystem need to support communication standard developments, while micro-grid stakeholders should understand the value PEVs provide to micro-grids during emergency islanding.
Those focused on VPP ecosystems can leverage AI advances, advocate for market reforms, and find opportunities in the distributed energy resource management system (DERMS) market. As Peter Asmus, a research director at Navigant Research, said, “While the primary purposes of these platforms differ—resiliency versus bidirectional value exchanges—they share the common goal of extracting value from distributed energy resources (DER) portfolios.”
Navigant’s report defines which grid services PEVs make possible, identifies lessons already learned from deployments that show market opportunities, and showcases Global deployments tapping PEVs as DER for micro-grids and VPPs. Also included are actionable recommendations covering the next five years for PEV, micro-grid, and VPP stakeholders for the production of PEV-based applications.