Navigant Research Report Finds Plug-In Electric Vehicles Are Emerging as a Viable Enabling Technology for Microgrids and Virtual Power Plants within the Next Five Years

Plug-in electric vehicles can offer grid services under new
business model platforms when aggregated and optimized with smart
controls

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/DER?src=hash" target="_blank"gt;#DERlt;/agt;–A new report from Navigant
Research discusses how to develop a strategy to best extract grid
services embedded in plug-in electric vehicle (PEV) batteries, charging
loads, and charging infrastructure to help support microgrid and virtual
power plant (VPP) deployments.

The projected growth in PEVs offers both challenges and opportunities to
distribution utilities. If not managed in an intelligent way, PEVs can
pose a threat to overall grid reliability. Yet, if aggregated and
optimized with smart controls, they can offer grid services under new
business model platforms such as microgrids and VPPs. Click
to tweet: According to a new report from @NavigantRSRCH,
PEVs are emerging as a viable enabling technology for microgrids and
VPPs within the next 5 years.

“While the primary purposes of these platforms differ—resiliency versus
bidirectional value exchanges—they share the common goal of extracting
value from distributed energy resources (DER) portfolios,” says Peter
Asmus, research director with Navigant Research.

To succeed in the market, according to the report, PEV ecosystem
stakeholders should support the development of communication standards,
shape regulations on frequency regulation services, and explore new
energy as a service (EaaS) business models. Meanwhile, microgrid
ecosystem stakeholders should focus on how PEVs provide value internally
to the microgrid during emergency islanding and pair PEV fleets with
stationary storage devices. VPP ecosystem stakeholders should use
advances in artificial intelligence, advocate for market reforms, and
seek opportunity in the distributed energy resource management system
(DERMS) market.

The report, Implementing
EV-Based Grid Services for Microgrids and VPPs, discusses how to
develop a strategy to best extract grid services embedded in PEV
batteries, charging loads, and charging infrastructure to help support
microgrid and VPP deployments. The study defines the grid services
possible from PEVs, showcases global deployments that tap PEVs as DER
for microgrids and VPPs, and identifies lessons learned from deployments
that point to market opportunities. Actionable recommendations for PEV,
microgrid, and VPP stakeholders when implementing PEV-based applications
within the next 5 years are also provided. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Implementing EV-Based Grid Services for Microgrids and VPPs, is
a summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com