Designing and Implementing a Blockchain-based Platform for the Exchange of Peerto-Peer Energy Trading and Modelling Vehicle-to-Grid(V2G) Residential Community

Debrah, Philip; Saraee, Mo

Abstract

The expansion of renewable energy on the national grid has been a struggle throughout the past decade. Rooftop solar photovoltaics (PV) and electric vehicle to Grid (V2G) can function as either load or distributed energy sources. Consequently, presumers can join in a Transactive energy network featuring peer-to-peer (P2P) exchange of excess electricity to enhance the grid load balancing and harmonic filtering performance. The key challenge is keeping track of these transactions and compensating supposing parties. The distributed and unchangeable characteristics of blockchain technology could be utilised to accelerate the ongoing transition to more decentralised and digital energy systems and alleviate some of the challenges the energy sector is now facing. This report presents an experimental design and implementation of a Peer-to-peer blockchain network to exchange electricity energy among participants based on the Ethereum open-source application called Solar Chain App. This demonstration project simulates the P2P Network of the electricity distribution network. A project consists of a primary network and user nodes (user nodes have homeowners and EVs). 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 main purpose is to design a p2p platform that maximize renewable energy Usage and minimize the daily cost of household electricity consumption.

Citation

Debrah, P., & Saraee, M. (2023). Designing and Implementing a Blockchain-based Platform for the Exchange of Peerto-Peer Energy Trading and Modelling Vehicle-to-Grid(V2G) Residential Community. #Journal not on list, 6(1), 68

• Journal Article Type: Extended Abstract
• Acceptance Date: Feb 9, 2023
• Online Publication Date: May 1, 2023
• Publication Date: May 1, 2023
• Deposit Date: Nov 19, 2023
• Publicly Available Date: Nov 21, 2023
• Journal: The Journal of The British Blockchain Association
• Peer Reviewed: Peer Reviewed
• Volume: 6
• Issue: 1
• Pages: 68
• Series ISSN: 2516-3949
• Publisher URL: https://jbba.scholasticahq.com/article/84265-full-text-pdf-of-the-jbba-11th-issue-may-2023