Optimizing Grid Performance in Trinidad and Tobago: The Role of Vehicle-to-Grid (V2G) Technology

Abstract

This study investigates the impact of integrating 10,000 battery electric vehicles (BEVs) into the electrical grid of Trinidad and Tobago through three charging scenarios: non-incentivized charging, charging at work, and a Vehicle-to-Grid (V2G) program. The results reveal that non-incentivized charging exacerbates peak demand and grid strain, while workplace charging provides only modest peak demand mitigation. In contrast, the V2G scenario significantly reduces peak load impacts and enhances grid stability by leveraging BEVs as dynamic energy storage units that contribute to grid services during high-demand periods. The study proposes a V2G tariff scheme that includes compensation for battery degradation, aiming to incentivize participation and offset potential costs. Economic analysis shows that while V2G involves higher per-MWh costs than conventional storage technologies, it avoids the need for substantial capital investment in static energy infrastructure, presenting a cost-effective solution for energy management in island nations. The findings highlight the potential of V2G technology to facilitate sustainable energy transitions, emphasizing its role in enhancing grid resilience, optimizing renewable energy usage, and reducing carbon emissions. This research underscores the transformative potential of V2G systems as critical enablers of sustainable energy strategies in regions facing similar challenges to Trinidad and Tobago.