Optimal power dispatch for EV fast charging microgrid on highways: a storage analysis

This paper presents theoretical background and mathematical modeling of an intelligent management system for a microgrid composed of a fast charging station for electric vehicles, local renewable generation (wind and solar) with battery storage. An algorithm is designed to optimize the charging and discharging processes of a battery storage system, treated here together as dis/charging. Tariff signals are considered to determine the optimal power dispatch between battery and grid to reduce operational costs and maximize the utilization of local renewable generation. The overall goal is to use observations regarding the behavior of this system to formulate general principles and then use these same principles to predict future results.