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Vehicle-to-Grid Power Challenges and Opportunities

Published by: Research Reports International

Published: Oct. 1, 2008 - 38 Pages


Table of Contents


Acronyms and Abbreviations

Introduction

Summary

Overview of V2G Power

What is V2G?

Types of EDVs

Basic Requirements for V2G

Functions that V2G can Provide

Factors Limiting V2G Power Capacity

V2G Business Opportunities

Major Services V2G Power can Provide

Business Models for V2G Power

The Economics of V2G

CARB/CEPA/LADWP Study

IIASA Study

University of Delaware Study

Using V2G to Support the Expansion of Wind Power

Making V2G a Reality

V2G Deployment Issues

Bringing V2G to Market

Key V2G Trials and Demonstrations

Austin Energy

EPRI

eTec

Germany

MAGIC Consortium

Pacific Gas & Electric

Southern California Edison

University of Michigan

Xcel Energy

Glossary

Abstract

The objective in creating Vehicle-to-Grid Power: Challenges and Opportunities is to provide electric industry participants with the knowledge they need to begin preparing for the introduction of vehicle-to-grid (V2G) technology. High gas prices, carbon constraints, fuel economy standards, and the desire for energy independence are driving the development of electric drive vehicles (EDVs). Rather than being a burden to the industry, millions of EDVs could be a blessing by providing important ancillary services, peaking power, and even energy storage for wind power plants. In order to be prepared to take advantage of V2G power, this report seeks to provide readers with an understanding of the potential amount of capacity and energy V2G can provide the grid, the options the industry can use to harness these capabilities, and the decisions that need to be made now to encourage V2G development and ensure that the potential of V2G is maximized. The report aims to provide the reader with a thorough understanding of V2G and its potential for positively impacting electricity markets. It also aims to provide an understanding of the technology behind V2G, as well as the issues that need to be resolved for V2G to become a commercial reality. Finally, by evaluating a number of studies, the report aims to provide readers with insight into the economics of V2G and the revenue potential of different services.

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