June 29, 2023
On June 15th, 2022, Dr. Jonas Schlund, Lead Data Scientist at Ampcontrol, presented his research on how to use electric vehicle smart charging to provide frequency containment reserve (FCR) power, at EVS35 in Oslo.
"After running an extensive simulation model using real data, our results show that in 2030 electric vehicles have the potential to serve the whole FCR power market in Germany. Average private cars can provide the service without any notable additional battery degradation and achieve significant yearly earnings depending on the volatile market prices" says Dr. Jonas Schlund.
Read the full study by clicking the button bellow:
Besides the integration of renewable energies, electric vehicles pose an additional challenge to the power grid. However, they can also be a flexibility source and contribute to the power system stability. In this paper, we analyze how vast amounts of coordinated charging processes can be used to provide frequency containment reserve power. Therefore, we use an extensive simulation model that considers not just technical components but also stochastic behavior based on real data. Our results show that in 2030 electric vehicles have the potential to serve the whole frequency containment reserve power market in Germany. We differentiate between using unidirectional and bidirectional chargers and conclude that using a mix can combine the advantages of both worlds. Thereby, average private cars can provide the service without any notable additional battery degradation and achieve yearly earnings between 200€ and 500€, depending on the volatile market prices. Commercial vehicles have an even higher potential as the results increase with vehicle utilization and consumption.
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Ampcontrol, a leading AI-powered software solution for fleet operators, announces $10M in Series A financing to enable its next stage of growth. The round was led by The Westly Group with participation from existing investors AngelPad and Lorimer Ventures.