scholarly journals Peer-to-Peer Energy Trading in a Micro-grid Using Internet of Things and Blockchain

2021 ◽  
Vol 25 (2) ◽  
pp. 39-49
Author(s):  
Mirza Jabbar Aziz Baig ◽  
◽  
M. Tariq Iqbal ◽  
Mohsin Jamil ◽  
Jahangir Khan ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Internet Of Things ◽  
Low Cost ◽  
Peer To Peer ◽  
Sensor Data ◽  
Current Sensor ◽  
Renewable Energy Resources ◽  
Transfer Energy ◽  
Energy Trading ◽  
Trading Model

With advancements in renewable energy techno­logies, consumers are becoming prosumers, and renewable energy resources are being used in distributed networks. In an isolated distributed system, peer-to-peer (P2P) energy trading is one of the most promising energy management solutions. In this paper, we propose a P2P energy trading method for micro-grids using open resources and technology. The proposed setup comprises an Internet of Things (IoT) server to transfer energy amongst the peers without human intervention, and an Ethereum based private blockchain is suggested for money transfer in the form of cryptocurrency. The IoT server enables the peers to control and monitor self-produced energy. Arduino UNO, ACS 712 hall-effect current sensor, and a relay are the main components used in the hardware setup. The current sensor data is sent in real- time to Arduino for onward communication to the IoT server. A user-friendly interface has been developed on the server to perform various energy trading tasks. Peers have the choice to access the server remotely to perform energy trading tasks. The energy trading events can be shared amongst peers through e-mail notifications. For financial transactions, we utilized Ganache graphical user interface (GUI) a private Ethereum blockchain eliminating the need for financial institutions. The proposed peer-to-peer energy trading model has been successfully tested for energy trading between two peers. This paper provides details of the proposed hardware and software setup and explains how low-cost P2P energy trading can be achieved.

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

scholarly journals Credible Peer-to-Peer Trading with Double-Layer Energy Blockchain Network in Distributed Electricity Markets

Electronics ◽  
2021 ◽  
Vol 10 (15) ◽  
pp. 1815
Author(s):  
Longze Wang ◽  
Yu Xie ◽  
Delong Zhang ◽  
Jinxin Liu ◽  
Siyu Jiang ◽  
...  
Keyword(s):  
Double Layer ◽  
Electricity Markets ◽  
Electricity Market ◽  
Peer To Peer ◽  
Malicious Nodes ◽  
Energy Trading ◽  
Contract Performance ◽  
Trading Model ◽  
Consensus Information ◽  
Available Information

Blockchain-based peer-to-peer (P2P) energy trading is one of the most viable solutions to incentivize prosumers in distributed electricity markets. However, P2P energy trading through an open-end blockchain network is not conducive to mutual credit and the privacy protection of stakeholders. Therefore, improving the credibility of P2P energy trading is an urgent problem for distributed electricity markets. In this paper, a novel double-layer energy blockchain network is proposed that stores private trading data separately from publicly available information. This blockchain network is based on optimized cross-chain interoperability technology and fully considers the special attributes of energy trading. Firstly, an optimized ring mapping encryption algorithm is designed to resist malicious nodes. Secondly, a consensus verification subgroup is built according to contract performance, consensus participation and trading enthusiasm. This subgroup verifies the consensus information through the credit-threshold digital signature. Thirdly, an energy trading model is embedded in the blockchain network, featuring dynamic bidding and credit incentives. Finally, the Erenhot distributed electricity market in China is utilized for example analysis, which demonstrates the proposed method could improve the credibility of P2P trading and realize effective supervision.

scholarly journals Demonstration of Blockchain Based Peer to Peer Energy Trading System with Real-Life Used PHEV and HEMS Charge Control

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7484
Author(s):  
Yuki Matsuda ◽  
Yuto Yamazaki ◽  
Hiromu Oki ◽  
Yasuhiro Takeda ◽  
Daishi Sagawa ◽  
...  
Keyword(s):  
Supply And Demand ◽  
Real Life ◽  
Energy System ◽  
Energy Markets ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Trading System ◽  
Energy Trading ◽  
Demonstration Experiment ◽  
Home Energy Management

To further implement decentralized renewable energy resources, blockchain based peer-to-peer (P2P) energy trading is gaining attention and its architecture has been proposed with virtual demonstrations. In this paper, to further socially implement this concept, a blockchain based peer to peer energy trading system which could coordinate with energy control hardware was constructed, and a demonstration experiment was conducted. Previous work focused on virtually matching energy supply and demand via blockchain P2P energy markets, and our work pushes this forward by demonstrating the possibility of actual energy flow control. In this demonstration, Plug-in Hybrid Electrical Vehicles(PHEVs) and Home Energy Management Systems(HEMS) actually used in daily life were controlled in coordination with the blockchain system. In construction, the need of a multi-tagged continuous market was found and proposed. In the demonstration experiment, the proposed blockchain market and hardware control interface was proven capable of securing and stably transmitting energy within the P2P energy system. Also, by the implementation of multi-tagged energy markets, the number of transactions required to secure the required amount of electricity was reduced.

scholarly journals IOTFlood: hardware and software platform using internet of things to monitor floods in real time

2021 ◽  
Vol 16 (4) ◽  
pp. 1
Author(s):  
Francisco Vital Da Silva Júnior ◽  
Mônica Ximenes Carneiro Da Cunha ◽  
Marcílio Ferreira De Souza Júnior
Keyword(s):  
Internet Of Things ◽  
Real Time ◽  
Monitoring System ◽  
Research Design ◽  
Open Source Software ◽  
Low Cost ◽  
Sensor Data ◽  
Software Platform ◽  
Web Interface ◽  
Iot Platform

Floods are responsible for a high number of human and material losses every year. Monitoring of river levels is usually performed with radar and pre-configured sensors. However, a major flood can occur quickly. This justifies the implementation of a real-time monitoring system. This work presents a hardware and software platform that uses Internet of Things (IoTFlood) to generate flood alerts to agencies responsible for monitoring by sending automatic messages about the situation of rivers. Research design involved laboratory and field scenarios, simulating floods using mockups, and later tested on the Mundaú River, state of Alagoas, Brazil, where flooding episodes have already occurred. As a result, a low-cost, modular and scalable IoT platform was achieved, where sensor data can be accessed through a web interface or smartphone, without the need for existing infrastructure at the site where the IOTFlood solution was installed using affordable hardware, open source software and free online services for the viewing of collected data.

scholarly journals A peer-to-peer energy trading model for SMEs

2021 ◽  
Vol 7 (2) ◽  
pp. 27-35
Author(s):  
George SUCIU ◽  
◽  
Cristian BECEANU ◽  
Andreea BADICU ◽  
◽  
...  
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Trading Model

Review on Dye-Sensitized Solar Cells (DSSCs)

2018 ◽  
pp. 29-34
Author(s):  
Anteneh Andualem ◽  
Solomon Demiss
Keyword(s):  
Renewable Energy ◽  
Solar Cells ◽  
Organic Solar Cells ◽  
Low Cost ◽  
Dye Sensitized Solar Cells ◽  
Renewable Energy Resources ◽  
Dye Sensitized ◽  
Current Century ◽  
High Conversion Rate ◽  
Sensitized Solar Cells

Our planet’s community largely depends on a snug energy supply, and non-renewable energy such as fossil fuel has been serving as the most trustworthy energy source from its discovery time of 1673 till to the current century. However, non-renewable energy resources are rapidly decreased per year due to increasing the energy consumption rate. To address this issue, renewable energy chiefly photovoltaic energy has attracted much though, because it directly converts solar energy into electrical without environment pollution. For the past several years, different photovoltaic devices like inorganic organic, and hybrid solar cells are invented for different application purposes. Regardless of its high conversion rate of silicon based solar cells, the high module cost and complicated production process restricted their application. Research has been focused on alternative organic solar cells for their inherent low module cost and easy fabrication processes. From all organic solar cells, Dye-Sensitized Solar Cells (DSSCs) are the most efficient, low cost and easily implemented technology. This review paper focus on clarifying the technological meaning of DSSCs, Types of DSSCs materials, working principle, advantages, power full applications area of DSSCs, the efficiency and challenges for R&D of DSSCs to upgrade the current efficiency.

scholarly journals Application of blockchain in integrated energy system transactions

2020 ◽  
Vol 165 ◽  
pp. 01014
Author(s):  
Jianhua Liu ◽  
Shengbo Sun ◽  
Zheng Chang ◽  
Bo Zhou ◽  
Yongli Wang ◽  
...  
Keyword(s):  
Energy Systems ◽  
Energy System ◽  
Peer To Peer ◽  
Energy Trading ◽  
Integrated Energy Systems ◽  
Blockchain Technology ◽  
Centralized Management ◽  
Trading Model ◽  
Integrated Energy System ◽  
Management Method

Blockchain technology is the underlying technology of Bitcoin, which is fair, transparent and decentralized. The integrated energy system has the characteristics of open interconnection, user-centered and distributed peer-to-peer sharing, and its energy trading model will also be developed centrally to distributed. The characteristics of blockchain technology make it naturally applicable to energy transactions in integrated energy systems. This article first analyzes the characteristics of the integrated energy system market and summarizes the participants in the market. Then, based on the existing research and analysis, a blockchain-based energy transaction architecture is designed, and a weakly centralized management method is introduced. finally, the problems and challenges faced by the application of blockchain in energy transactions are analyzed.

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