Fast Charging Station Planning Framework with Battery Swapping Facilities: a Techno-Economic Approach

EasyChair Preprint 15768

Abstract

Fast charging infrastructure is widely accredited as obligatory for the market success of plug-in electric vehicles (PEVs). However, fast charging station (FCS) necessitates capital intensive infrastructure and network connections, although fast charging infrastructure might be profitable in long term multistage planning. In addition, the demand for fast charging of EVs varies significantly and the maximum power required for charging stations may only be for a short duration of time in a day. Therefore, the profitability of stationary energy storages and the demand for fast charging have gained broad attention. This paper aim is to provide a framework for FCS planning to considering distenergy storage system. It has been analysed that the FCS is equipped with a battery bank of suitable capacity enhances profit of the FCS considering dynamic price signal of electricity. A definite portion of battery bank is utilised to facilitate battery swapping to EV drivers. A highly simplified algorithm is proposed to coordinate charging/discharging of battery bank (BB) and battery swapping (BS) considering concurrent EV traffic and dynamic price signal to optimize technoeconomic advantages. The simulation results on a benchmark test distribution system highlights the importance of proposed method considering financial benefits to FCS owners, lesser waiting time to EV drivers, and techno-economic advantages to the utilities. The technical studies are carried out on the 33-standard bus distribution system.

Keyphrases: Battery swapping, FCS planning, Net Present Value, Plug in EVs, waiting time

@booklet{EasyChair:15768,
  author    = {Shakti Vashisth and Praveen Kumar Agrawal and Nikhil Gupta and Bhuvan Sharma and Anil Swarnkar and Khaleequr Niazi},
  title     = {Fast Charging Station Planning Framework with Battery Swapping Facilities: a Techno-Economic Approach},
  howpublished = {EasyChair Preprint 15768},
  year      = {EasyChair, 2025}}