1
© 2024 The MathWorks, Inc.
Techno-Economic Analysis and Optimization
of Microgrids with EV Charging
Graham Dudgeon
Consultant Product Manager for
Electrical Technology
MathWorks
Chris Lee
Senior Product Manager for Optimization
MathWorks
2
Agenda
 Key takeaways
 Support for all stages of electrical technology
development
 Case study: Microgrid with EV charging
 Summary
3
Key Takeaways
 Every energy system is unique, and therefore requires a
flexible computational environment to answer unique
engineering questions.
 Optimization Toolbox supports efficient and scalable problem
formulation and execution.
 The extended MathWorks ecosystem provides additional
analysis and design capability that support overall energy
system technology development.
4
Support for all stages of electrical technology development
 Every successful technological system
begins with an idea and ends in proven
in-service operation.
 Computational software is an invaluable
aid in supporting technology
development.
 The true value of software comes when
it reduces the ‘cognitive load’ of
performing individual engineering tasks
and supports the transfer of rigorous
and defensible engineering information
throughout the development cycle.
Demonstrate
Feasibility
Fundamental Idea
and Investigation
System Test and
Qualification
Technology
Development
System Deployment
and Operation
Early-stage feasibility
In-service operation
5
Renewable Energy Microgrid with EV Charging
6
Renewable Energy Microgrid with EV Charging
Scenario 1
Load supplied from
utility grid,
renewable energy
and energy storage.
EV fleet supplied
from renewable
energy.
7
Renewable Energy Microgrid with EV Charging
Scenario 1
Energy storage
charged only from
renewable energy.
8
Renewable Energy Microgrid with EV Charging
Scenario 1
EV charging
supplied only from
renewable energy
and energy storage.
9
Renewable Energy Microgrid with EV Charging
Scenario 2
Load and EV fleet
supplied from utility
grid, renewable
energy and energy
storage.
10
Optimization Objectives
• Determine power rating
for wind, solar and
storage.
• Determine energy
rating for storage.
• Meet EV charging
demand from.
appropriate sources for
each scenario.
• Minimize overall cost
over a 20-year period at
one-hour time-steps
(assume basic cost
model).
11
 Conduct early-stage techno-economic feasibility and planning
studies for power systems involving renewable resources with
MATLAB.
 Leverage the MATLAB platform to:
– Determine optimal system component sizes using optimization
solvers.
– Tailor the model and results analysis for your specific
requirements.
– Analyze result sensitivities to uncertain data.
Summary

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Techno-Economic Analysis and Optimization of Microgrids with EV Charging

  • 1. 1 © 2024 The MathWorks, Inc. Techno-Economic Analysis and Optimization of Microgrids with EV Charging Graham Dudgeon Consultant Product Manager for Electrical Technology MathWorks Chris Lee Senior Product Manager for Optimization MathWorks
  • 2. 2 Agenda  Key takeaways  Support for all stages of electrical technology development  Case study: Microgrid with EV charging  Summary
  • 3. 3 Key Takeaways  Every energy system is unique, and therefore requires a flexible computational environment to answer unique engineering questions.  Optimization Toolbox supports efficient and scalable problem formulation and execution.  The extended MathWorks ecosystem provides additional analysis and design capability that support overall energy system technology development.
  • 4. 4 Support for all stages of electrical technology development  Every successful technological system begins with an idea and ends in proven in-service operation.  Computational software is an invaluable aid in supporting technology development.  The true value of software comes when it reduces the ‘cognitive load’ of performing individual engineering tasks and supports the transfer of rigorous and defensible engineering information throughout the development cycle. Demonstrate Feasibility Fundamental Idea and Investigation System Test and Qualification Technology Development System Deployment and Operation Early-stage feasibility In-service operation
  • 5. 5 Renewable Energy Microgrid with EV Charging
  • 6. 6 Renewable Energy Microgrid with EV Charging Scenario 1 Load supplied from utility grid, renewable energy and energy storage. EV fleet supplied from renewable energy.
  • 7. 7 Renewable Energy Microgrid with EV Charging Scenario 1 Energy storage charged only from renewable energy.
  • 8. 8 Renewable Energy Microgrid with EV Charging Scenario 1 EV charging supplied only from renewable energy and energy storage.
  • 9. 9 Renewable Energy Microgrid with EV Charging Scenario 2 Load and EV fleet supplied from utility grid, renewable energy and energy storage.
  • 10. 10 Optimization Objectives • Determine power rating for wind, solar and storage. • Determine energy rating for storage. • Meet EV charging demand from. appropriate sources for each scenario. • Minimize overall cost over a 20-year period at one-hour time-steps (assume basic cost model).
  • 11. 11  Conduct early-stage techno-economic feasibility and planning studies for power systems involving renewable resources with MATLAB.  Leverage the MATLAB platform to: – Determine optimal system component sizes using optimization solvers. – Tailor the model and results analysis for your specific requirements. – Analyze result sensitivities to uncertain data. Summary