Modeling and Analysis of Electric Vehicle-Power Grid-Manufacturing Facility (EPM) Energy Sharing System under Time-of-Use Electricity Tariff

Xiaolin Chu, Yuntian Ge, Xue Zhou, Lin Li and Dong Yang
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Xiaolin Chu: School of Financial Technology, Shanghai Lixin University of Accounting and Finance, Shanghai 201209, China
Yuntian Ge: Department of Mechanical and Industrial Engineering, University of Illinois at Chicago, Chicago, IL 60607, USA
Xue Zhou: Department of Mechanical and Industrial Engineering, University of Illinois at Chicago, Chicago, IL 60607, USA
Lin Li: Department of Mechanical and Industrial Engineering, University of Illinois at Chicago, Chicago, IL 60607, USA
Dong Yang: Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China

Sustainability, 2020, vol. 12, issue 12, 1-27

Abstract: Electric vehicles (EVs) have obtained increasing public interest due to the associated economic and environmental benefits. Recently, studies regarding the economic advantages of adopting EVs as energy storages for commercial/residential buildings are emerging. In fact, according to the U.S. Energy Information Administration, the industrial sector consumes more energy than all of the other sectors combined, which is about 54% of the world’s total delivered energy. The energy consumption pattern in manufacturing facilities is based on production schedules and the heat transfer between machines and the ambient surroundings, thus, differs greatly from commercial/residential buildings. However, little research attention has been given to analyse the synergies of integrating EVs and manufacturing facilities to improve energy efficiency. To fill this research gap, in this study, a comprehensive model is established to evaluate the economic and environmental performance of an energy sharing system that consists of the EVs, power grid, and manufacturing facilities (EPM) under Time-of-Use (TOU) electricity tariff. The model is formulated as a mixed integer nonlinear programming format by considering practical production schedules, heat exchange between machines and ambient surroundings, as well as the heating, ventilation, and air conditioning (HVAC) system. The case study results indicate that the presented EPM energy sharing system has great potential to reduce energy cost and CO 2 emissions. In addition, compared to the results from winter scenarios, it is shown that more cost savings can be achieved in summer days.

Keywords: electric vehicles; smart grid; manufacturing facility; time-of-use electricity tariff; cost modelling (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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