The Internet of Things (IoT) technology has immense potential for application in improvement and development of Smart Grid. The rising number of distributed generation, aging of present grid infrastructure and appeal for the transformation of networks have sparked the interest in smart grid. The need for energy storage system primarily the electrical energy storage systems is growing as the prospects for their usage is becoming more compelling. Dynamic electrical energy storage system viz., Electric Vehicles (EVs) are relatively standard due to their excellent electrical properties and flexibility but the possibility of damage to their batteries is there in case of overcharging or deep discharging and their mass penetration profoundly impacts the grid. To circumvent the possibility of damage, EVs' batteries need a precise state of charge estimation to increase their lifespan and to protect the equipment they power. Based on ease of implementation and less overall complexity, this paper proposes a real-time Battery Monitoring System (BMS) using coulomb counting method for SoC estimation and messaging based MQTT as the communication protocol. The proposed BMS is implemented on hardware platform using appropriate sensing technology, central processor, interfacing devices and the Node-RED environment. An optimization model aimed at maximizing the trade revenue for EVs' aggregator is presented aimed at enabling the smart charging.
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