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Project title: Blockchain-based Platform for P2P Energy Trading and EVs cars
Posted by: External project from PeoplePerHour
Started: 07-Sep-2022 09:23 GMT
Description: I need some one who can help work on the Analysis and Conclusion.
Abstracts
Renewable energy is a powerhouse of blockchain activity, and the number of potential applications is growing. Blockchain technology's distributed, and immutable nature could be used to speed up the ongoing transition to more decentralised and digitalized energy systems and address some of the difficulties the industry is now encountering. Blockchain technology is distributed. However, blockchain is still in its infancy; many incumbents view it as a critical uncertainty because of the unknown problems and opportunities. As a result, a shortage of information and decision-making resources can help us better grasp why, when, and how new technologies can be valuable.
Electric vehicles (EVs) rapidly enter the consumer market and remain viable to fossil-fuel automobiles. However, integrating a large fleet of electric cars into the current grid infrastructure is difficult and costly. EVs, on the other hand, offer a way to combat the emissions and rising renewable energy penetration by allowing millions of underutilised EV battery capacity to be used to shift loads to manage intermittency and peer-to-peer (P2P) energy trading services. Therefore, this thesis proposes a new permissioned blockchain-based EV charging infrastructure based on peer-to-peer energy trading services. Also, smart contracts are developed inside this framework to establish proof-of-concept for decentralised P2P EV charging networks.
This report presents an experimental implementation of a demo blockchain network to exchange electricity energy among participants based on the Ethereum open-source application. This demo project simulates the P2P Network of the power supply network. A project consists of a primary network and user nodes (user nodes have homeowners and EV). Homeowners with solar and electric vehicles Participants, assets, and transactions required to establish the blockchain-based network for tracking Buyer and seller output exchanges are described, and the smart contract, use cases, and implementation. The implementation included the following features: 1. Smart Grids for dynamic pricing for automatic balancing of total supply and total demand within a microgrid, 2. Setting interval period/ Close interval, Token price and total supply, 3. automated and autonomous operation, 4. Market clearing price (MCP), 5. experiment on a testbed (Node.js and web3.js API to access Ethereum Virtual Machine), and 6. Frontend user simulation (virtual consumers and prosumers generated from benchmark).
Project ID: 3280983
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