Battery Swapping Station Service in a Smart Microgrid: A Multi-Method Simulation Performance Analysis

Abstract

The integration of Battery Swapping Stations (BSSs) into smart microgrids presents an opportunity to optimize energy generation, storage, and consumption. However, there exists a gap in the literature regarding the detailed analysis of the profitability of integrating a BSS within a smart microgrid, particularly utilizing second-life batteries for storage and renewable energy sources for generation. This study aims to address this gap by employing a multi-method simulation approach to thoroughly investigate the economic viability of such integration. The simulation model developed for this study is a digital twin of the microgrid, incorporating components such as the BSS, renewable energy sources (wind and photovoltaic), second-life battery storage, and utilities. By optimizing energy flows within this model, considering the cost-effectiveness of diverse generation sources and prioritizing the utilization of renewable energy, we aim to provide a comprehensive assessment of the economic benefits. Furthermore, the simulation takes into account crucial factors including battery swapping operations, warehouse management, and battery charging scheduling. The profitability analysis undertaken in this study is grounded in the objective of minimizing total costs while effectively meeting the energy demands of residential loads. Ultimately, the integration of the BSS into the smart microgrid not only targets economic efficiency but also strives to maximize the utilization of second-life batteries, contributing to the concept of a circular economy.