Feasibility Analysis of an Electric Vehicle Charging Station with Solar Energy and Battery Storage

Author:

Buestan-Morales Elvis1,Fajardo-Castillo Steven1,Barragán-Escandón Antonio1ORCID,Zalamea-León Esteban2ORCID,Serrano-Guerrero Xavier1ORCID

Affiliation:

1. Energy Transaction Group (GITE), Universidad Politécnica Salesiana, Calle Vieja 12-30 y Elia Liut, Cuenca 010102, Ecuador

2. Department of Architecture and Urbanism, Universidad de Cuenca, Av. 12 de Abril y Agustín Cueva, Cuenca 010201, Ecuador

Abstract

Ecuador, like every country in the world, urgently requires a conversion of transportation to electric power, both for economic and environmental reasons. This paper focuses on the technical and economic feasibility of a solar-powered electric charging station equipped with battery storage in Cuenca, Ecuador. By reviewing current literature, we assess the environmental impact of electric mobility and its potential to reduce fossil fuel dependence and generate energy savings. The analysis encompasses various factors, including EV energy consumption, solar energy system sizing, energy production, and battery storage capacity. Key findings indicate that integrating solar PV systems with EV charging stations efficiently supports a reliable and sustainable energy supply. Simulation results reveal seasonal variations in solar generation, highlighting the importance of proper system sizing to maintain charging supply reliability and manage surplus generation. The economic analysis of three scenarios underscores the financial viability of implementing PV systems without battery storage, yielding a positive Internal Rate of Return (IRR) and Net Present Value (NPV). However, scenarios with battery storage present negative NPV and long investment return periods, impacting economic viability negatively. These insights underscore the need for a balanced design to ensure sustainability and economic feasibility in the transition to electric mobility.

Funder

Salesian Polythecnic University of Ecuador and the Research Vicerectorate of the Cuenca University (VIUC), Ecuador

Publisher

MDPI AG

Reference55 articles.

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2. Evaluación del Impacto Económico en Diferentes Escenarios de Implementación de Tecnologías Eficientes de Calentamiento de Agua en el Ecuador;Guevara;Rev. Técnica “Energía”,2016

3. Verma, A., and Singh, B. (2018, January 23–27). A Solar PV, BES, Grid and DG Set Based Hybrid Charging Station for Uninterruptible Charging at Minimized Charging Cost. Proceedings of the 2018 IEEE Industry Applications Society Annual Meeting (IAS), Portland, OR, USA.

4. Latinoamérica, M.P. (2024, July 18). China Concentra el 65% de Estaciones de Carga Públicas Para Vehículos Eléctricos en el Mundo. Available online: https://portalmovilidad.com/china-concentra-el-65-de-estaciones-de-carga-publicas-para-vehiculos-electricos-en-el-mundo.

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