Profitability Evaluation of Vehicle-to-Grid-Enabled Frequency Containment Reserve Services into the Business Models of the Core Participants of Electric Vehicle Charging Business Ecosystem

The current paper defines a framework for the introduction of frequency containment reserve (FCR) services, enabled by vehicle-to-grid (V2G) technology, into the business model of an entity owning and operating electric vehicle (EV) charging infrastructure. Moreover, the defined framework can also be extrapolated, with minor adjustments, to the business models of different core participants of the EV charging business ecosystem. This study also investigates the financial factors impacted by this introduction, eventually evaluating its financial profitability under given assumptions and comparing it to the profitability of the traditional business model of an entity owning and operating a unidirectional EV charging infrastructure. The current research shows that offering additional V2G-enabled FCR services can be potentially more profitable than the existing unidirectional approach if the V2G technology reaches its maturity phase with mass market adoption and economies of scale.