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A deep reinforcement learning approach for power management of battery-assisted fast-charging EV hubs participating in day-ahead and real-time electricity markets

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  • Paudel, Diwas
  • Das, Tapas K.

Abstract

Publicly available electric vehicle charging hubs are expected to grow, to meet the increasing charging demand of EVs. A dominant class of these will be fast-charging hubs where the EVs will arrive for charging at all hours of the day, get the requested charge, and leave promptly. The profitability of these fast-charging hubs will be highly dependent on the variation of the day-ahead prices of electricity, volatility of the real-time power market, and the randomness of EV charging demand. The hubs can hedge against these uncertainties by committing power purchases in the day-ahead electricity market and by adopting dynamic real-time power management strategies. We develop a novel two-step methodology. The first step entails a mixed integer linear program (MILP) that assists the hubs in their day-ahead power commitment. The second step employs a Markov decision process (MDP) model that derives the real-time power management control actions. The MILP is solved using a commercial solver and the MDP is solved using a deep reinforcement learning algorithm. We demonstrate the effectiveness of our methodology for a fast-charging hub, housing 150 charging stations and a battery storage system, that operates in the Pennsylvania-New Jersey- Maryland interconnection (PJM) power grid.

Suggested Citation

  • Paudel, Diwas & Das, Tapas K., 2023. "A deep reinforcement learning approach for power management of battery-assisted fast-charging EV hubs participating in day-ahead and real-time electricity markets," Energy, Elsevier, vol. 283(C).
    • Handle: RePEc:eee:energy:v:283:y:2023:i:c:s036054422302491x
    DOI: 10.1016/j.energy.2023.129097
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    References listed on IDEAS

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