Optimization of Power Flow Through Electric Vehicle Charging

In order for charging companies to make the most profit from electric vehicle charging, costs and profits must be optimized. One way of doing so is by optimizing the power flow. For a charging station, power is either flowing in or out. Thus, power is being purchased or sold. The objective of this research is to optimize the profits made from this process. To do so, the average power demanded on a given day over time intervals is necessary in this research. Then each assumed electric vehicle is assigned a charging level and a state of charge using proper probability distributions. Once finding and calculating all necessary values, the optimization function is solved under proper constraints, allowing the retrieval of an optimized power flow. The result will depict an optimum power flow over a twenty-four hour time span.