Abstract

EV batteries, an increasingly prominent type of energy resources, are largely underutilized. In this talk, we will discuss a new business model that monetizes underutilized EV batteries to significantly reduce the demand charge portion of many commercial and industrial electricity users’ electricity bills. This business requires minimal hardware to enable discharging batteries of electric vehicles and a sharing platform that matches EVs to commercial electricity users in real time. Using real meter data, we establish the financial viability of the business by studying the temporal distribution of user requests. We then discuss user-side and platform-side challenges for implementing this business.

Bio

Junjie Qin is an Assistant Professor in the School of Electrical and Computer Engineering at Purdue University. Before joining Purdue, he was a postdoctoral researcher at UC Berkeley, working with Prof. Kameshwar Poolla and Prof. Pravin Varaiya. Junjie obtained a Ph.D. degree in Computational and Mathematical Engineering (2018) from Stanford University, where he also received an M.S. degree in Civil and Environmental Engineering (2011) and an M.S. degree in Statistics (2017). His research interests include electric energy systems and transportation networks. He has received the 2022 Google Research Scholar Award, the 2020 O. Hugo Schuck Best Paper Award by the American Automatic Control Council, the Best Student Paper Award at the 23rd IEEE International Conference on Intelligent Transportation Systems, the Best Student Paper Finalist at the 55th IEEE Conference on Decision and Control, and the Satre family fellowship on energy and sustainability.