Economic Storage Size Optimization for Electric Vehicle Extreme-Fast Charging Stations

En-route charging infrastructure for electric vehicles is critical to support transportation needs. These charging stations are likely to have high loads and especially sharp peak loads given fast charging capabilities needed to meet transportation schedules. In order to reduce both strain on distribution grid infrastructure and charging station operational costs, many stations are likely to employ behind the meter storage. This paper demonstrates a behind the meter storage sizing optimization that employs an open-source agent-based vehicle behavior model (BEAM) to determine the best sizing across many scenarios. This optimization and analysis is novel in that it examines how storage size impacts not only charging station cost and peak load, but also vehicle queue times. The optimization is also applied across a wide analysis region with sufficient diversity and numbers to provide novel statistical analysis of optimal sizes.