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Economic Value Assessment of Vehicle-to-Home (V2H) Operation under Various Environmental Conditions

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  • Kwanghun Chung

    (College of Business Administration, Hongik University, 94 Wausan-ro, Mapo-Gu, Seoul 04066, Republic of Korea)

  • Jong-Hyun Ryu

    (College of Business Management, Hongik University, 2639 Sejong-ro, Jochiwon-eup, Sejong 30016, Republic of Korea)

Abstract

The rise of electric vehicles (EVs) has initiated a significant transformation in both the transportation and energy sectors. With the increasing adoption of EVs, their interaction with the power grid is becoming more critical. A notable and innovative concept emerging in this context is Vehicle-to-Home (V2H) operations, which utilize the battery storage capabilities of EVs to meet residential energy demands. Our research provides a way of economically evaluating V2H operations under various environmental conditions including pricing, seasonal differences, and EV operations. The proposed model aids in understanding the optimal operation of V2H and identifying the factors that encourage its adoption. Furthermore, optimizing V2H use can promote renewable energy utilization, providing an additional solution to address its intermittent nature. The findings highlight the potential of V2H operations to contribute to more economically efficient energy systems, provided that supportive policies and adaptive technologies are in place.

Suggested Citation

  • Kwanghun Chung & Jong-Hyun Ryu, 2024. "Economic Value Assessment of Vehicle-to-Home (V2H) Operation under Various Environmental Conditions," Energies, MDPI, vol. 17(15), pages 1-16, August.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:15:p:3828-:d:1449018
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    References listed on IDEAS

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    1. Anna Auza & Ehsan Asadi & Behrang Chenari & Manuel Gameiro da Silva, 2023. "A Systematic Review of Uncertainty Handling Approaches for Electric Grids Considering Electrical Vehicles," Energies, MDPI, vol. 16(13), pages 1-25, June.
    2. Singh, Kamini & Singh, Anoop, 2022. "Behavioural modelling for personal and societal benefits of V2G/V2H integration on EV adoption," Applied Energy, Elsevier, vol. 319(C).
    3. Xinjia Gao & Ran Li & Siqi Chen & Yalun Li, 2023. "Potential Analysis and Optimal Management of Winter Electric Heating in Rural China Based on V2H Technology," Sustainability, MDPI, vol. 15(15), pages 1-21, July.
    4. Shi, Ruifeng & Li, Shaopeng & Zhang, Penghui & Lee, Kwang Y., 2020. "Integration of renewable energy sources and electric vehicles in V2G network with adjustable robust optimization," Renewable Energy, Elsevier, vol. 153(C), pages 1067-1080.
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    1. Yujiro Hirano & Yukiko Yoshida & Takahiro Yoshida & Yoshiki Yamagata & Suguru Mizutani & Ji Xuan, 2025. "Evaluation of CO 2 Emissions Reduction in the Japanese Residential Sector Through Energy-Saving Scenarios Based on Large-Scale Survey Data," Energies, MDPI, vol. 18(8), pages 1-21, April.

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