Blockchain mediated virtual power plant: From concept to demonstration

Mnatsakanyan, Ashot; Albeshr, Hamad; Almarzooqi, Ali; Iraklis, Christos; Bilbao, Endika

doi:10.1049/tje2.12158

Cited by 8 publications

(4 citation statements)

References 37 publications

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“…Ref. [35] is pivotal in illustrating how blockchain technology facilitates this aggregation and reshapes market structures beyond energy trading and management. It explores how blockchain can automate and digitalize the control of DERs.…”

Section: Market Dynamics Of Dersmentioning

confidence: 99%

Digitalization Processes in Distribution Grids: A Comprehensive Review of Strategies and Challenges

Aghahadi,

Bosisio,

Merlo

et al. 2024

Applied Sciences

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This systematic review meticulously explores the transformative impact of digital technologies on the grid planning, grid operations, and energy market dynamics of power distribution grids. Utilizing a robust methodological framework, over 54,000 scholarly articles were analyzed to investigate the integration and effects of artificial intelligence, machine learning, optimization, the Internet of Things, and advanced metering infrastructure within these key subsections. The literature was categorized to show how these technologies contribute specifically to grid planning, operation, and market mechanisms. It was found that digitalization significantly enhances grid planning through improved forecasting accuracy and robust infrastructure design. In operations, these technologies enable real-time management and advanced fault detection, thereby enhancing reliability and operational efficiency. Moreover, in the market domain, they support more efficient energy trading and help in achieving regulatory compliance, thus fostering transparent and competitive markets. However, challenges such as data complexity and system integration are identified as critical hurdles that must be overcome to fully harness the potential of smart grid technologies. This review not only highlights the comprehensive benefits but also maps out the interdependencies among the planning, operation, and market strategies, underlining the critical role of digital technologies in advancing sustainable and resilient energy systems.

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Section: Market Dynamics Of Dersmentioning

confidence: 99%

Digitalization Processes in Distribution Grids: A Comprehensive Review of Strategies and Challenges

Aghahadi,

Bosisio,

Merlo

et al. 2024

Applied Sciences

View full text Add to dashboard Cite

show abstract

“…The integration of DERs, including a microgrid, utility-scale batteries and solar panels, was proposed, by means of smart contracts, allowing to adjust the desired output for each DER in response to grid needs, and establishing criteria for each participant and compensating them, using a token reflecting the quantity of energy generated, the type of energy resource, and the sort of ancillary service [20].…”

Section: Related Workmentioning

confidence: 99%

“…In addition, while the blockchain has the potential to reduce disagreements due to its transparency feature, current approaches lack specific procedures for addressing and resolving disputes that may arise between a DER and the Aggregator [11][12][13][14][15]. Moreover, many approaches use the blockchain essentially to handle financial and energy balances [16][17][18][19][20], and, due to the large amount of interactions and data typical in the energy market, possibly incur in excessive cost for the use of blockchain computing and storage resources.…”

Section: Introductionmentioning

confidence: 99%

Proof of Flow: A Design Pattern for the Green Energy Market

Mandarino,

Pappalardo,

Tramontana

2023

Future Internet

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The increased penetration of Distributed Energy Resources (DERs) in electricity markets has given rise to a new category of energy players, called Aggregators, whose role is to ensure fair remuneration for energy supplied by DERs, and support the smooth feeding of the intermittent energy produced into the distribution network. This paper presents a software solution, described as a design pattern, that governs the interaction between an Aggregator and DERs, leveraging blockchain technology to achieve a higher degree of decentralization, data integrity and security, through a properly designed, blockchain-based, smart contract. Thus, the proposed solution reduces the reliance on intermediaries acting as authorities, while affording transparency, efficiency and trust to the energy exchange process. Thanks to the underlying blockchain properties, generated events are easily observable and cannot be forged or altered. However, blockchain technology has inherent drawbacks, i.e., mainly the cost of storage and execution, hence our solution provides additional strategies for limiting blockchain usage, without undermining its strengths. Moreover, the design of our smart contract takes care of orchestrating the players, and copes with their potential mutual disagreements, which could arise from different measures of energy, providing an automatic decision process to resolve such disputes. The overall approach results in lower fees for running smart contacts supporting energy players and in a greater degree of fairness assurance.

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“…Gough et al [31] develop a transactive energy model to optimize the power schedule of the DERs within VPP, and record the transaction process with blockchain. Luo et al [32] leverage the blockchain smart contract to automize the power dispatching of multiple DERs. Mnatsakanyan et al [33] design a blockchain-mediated VPP model that manages the DERs in a trusted manner.…”

mentioning

confidence: 99%

Blockchain-assisted virtual power plant framework for providing operating reserve with various distributed energy resources

Hui

Zhang

2023

iEnergy

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The paradigm shift from a coal-based power system to a renewable-energy-based power system brings more challenges to the supply-demand balance of the grid. Distributed energy resources (DERs), which can provide operating reserve to the grid, are regarded as a promising solution to compensate for the power fluctuation of the renewable energy resources. Small-scale DERs can be aggregated as a virtual power plant (VPP), which is eligible to bid in the operating reserve market. Since the DERs usually belong to different entities, it is important to investigate the VPP operation framework that coordinates the DERs in a trusted manner. In this paper, we propose a blockchain-assisted operating reserve framework for VPPs that aggregates various DERs. Considering the heterogeneity of various DERs, we propose a unified reserve capacity evaluation method to facilitate the aggregation of DERs. By considering the mismatch between actual available reserve capacity and the estimated value, the performance of VPP in the operating reserve market is improved. A hardware-based experimental system is developed, and numerical results are presented to demonstrate the effectiveness of the proposed framework.

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Blockchain mediated virtual power plant: From concept to demonstration

Cited by 8 publications

References 37 publications

Digitalization Processes in Distribution Grids: A Comprehensive Review of Strategies and Challenges

Digitalization Processes in Distribution Grids: A Comprehensive Review of Strategies and Challenges

Proof of Flow: A Design Pattern for the Green Energy Market

Blockchain-assisted virtual power plant framework for providing operating reserve with various distributed energy resources

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