Shared Autonomous Electric Vehicles:


Ride Sharing:

The success of modern ride-sharing platforms crucially depends on the profit of the ride-sharing fleet operating companies, and how efficiently the resources are managed. Further, ride-sharing allows sharing costs and, hence, reduces the congestion and emission by making better use of vehicle capacities. The figure alongside depicts the improved performance of proposed strategy, DeepPool, for ride-sharing. The number of customers accepted are higher for same number of vehicles used and ride-sharing improves the costs, travel times, and number of customers served.

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Pricing for Electric Vehicle Charging:

Electric Vehicles (EVs) have several advantages over the traditional gasoline powered vehicles. For example, EVs are more environment friendly and more energy efficient. However, a wide deployment of EVs requires an extensive network of charging stations which can be capable of charging large number of vehicles. Thus, the profitability of the stations becomes important. We proposed a novel menu-based pricing mechanism where a menu for different options of the amount of charge, waiting time in the charging station, and the amount of car battery that can be utilized for Vehicle-to-Grid (V2G) participation is provided to the user (as shown alongside). The pricing mechanism is easy to implement and is preferable as compared to the auction mechanisms in such markets. The optimal price menus for socially welfare and profit maximizing objectives are derived.

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Blockchain for Energy Exchange:

The continuing proliferation of the distributed energy resources (e.g., PV arrays, solar rooftops, energy storage units) have transformed the notion of traditional users of energy. The consumers can now also produce, and reduce the burden of the grid. Other users can buy the energy directly from those intermittent sellers. We denote the consumers with the capability of producing energies as prosumers. The prosumers can exchange necessary energies among themselves. The proliferation of the secure distributed database such as blockchain can facilitate such an exchange. Such local exchange is also useful as the transmission loss will be lower as compared to the scenario where the grid has to serve the users. The figure alongside (taken from indicates the modern change in the energy systems, where the prosumers can share resources in a local market (e.g., blockchain) in addition to the central market with the grid. In such setup, a proper distributed incentive-based mechanisms are essential, which is the focus of our research.