A Multi-Objective Design Approach for PV-Battery Assisted Fast Charging Stations Based on Real Data

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Abstract

This paper presents a multi-objective approach to designing an optimal PV-BES assisted EV fast charging station. The trade-offs between lifetime net present value (NPV), energy independence, and grid power reduction are analyzed using particle swarm optimization and real 50kW fast charging data. Our results show a maximum lifetime profit of close to 4M euro. Furthermore, for only a 8% decrease in profit the we can achieve up to 62% of the maximum energy independence and 46% peak power demand reduction. This show that EV fast charging stations can become more significantly more sustainable and have a less fluctuating demand, for very little reduction in profits.