Practical Model for Optimal Carbon Control With Distributed Energy Resources

Abstract

The generation, consumption, and transmission of distributed energy produced by a microgrid are becoming increasingly important topics in scientific research. As a power source that partly relies on renewable energy, microgrids play a vital role in the global energy network. In this study, the underlying principles and management techniques of microgrids are introduced. Microgrids can reduce the carbon footprint of the energy production process. This study also provides insight into how decision-makers can confidently mitigate the uncertainties inherent in this kind of renewable energy system by proposing an optimization algorithm for microgrid energy management. By investigating several commercial microgrid cases, a mathematical model that allows the user to arrive at the optimal trade-off between energy generation and carbon production in a given scenario is created. Careful analysis of energy transactions and distributed energy sources indicates that energy blockchain technology is a valuable asset for expanding the use of clean energies, reducing carbon emissions in power and optimizing microgrid power management. Finally, the challenges of microgrid energy management and potential transaction models for the energy blockchain are discussed.

Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

“…Studies have also been performed on power enterprise management (for example, Refs. [30,46] and suggestions for improving the efficiency of power management), electricity carbon market (for example, Refs. [30,47], which also mention the linkage trading scheme of the carbon market), virtual power plant, new energy storage, new two-way interaction of load, etc.…”

“…[30,46] and suggestions for improving the efficiency of power management), electricity carbon market (for example, Refs. [30,47], which also mention the linkage trading scheme of the carbon market), virtual power plant, new energy storage, new two-way interaction of load, etc. In the future, it will also play an important role in the field of ecological energy, cross-chain transparent power systems, power market trust mechanisms, and so on.…”

“…The application shows that the system could effectively improve the utilization rate of the local microgrid and reduce the transmission load of the distribution network. Su et al [30] proposed an optimized algorithm of microgrid energy management and applied it to microgrid energy management scenarios to verify the scheme. This method can reduce the inherent uncertainties in renewable energy systems by using and expanding clean energy, reducing power carbon emissions, and optimizing microgrid power management by using the energy blockchain technology.…”

A review of energy internet research considering interactive energy: The blockchain perspective

“…After the analysis of energy trading and distributed energy, the Ref. (Su et al, 2021) showed that energy blockchain technology is a valuable asset for expanding the use of clean energy, reducing carbon emissions in power, and optimizing power management in a microgrid.…”

Theoretical Model and Computer Simulation of Power Utility Matrix for the Integrated Distributed Energy Resources

“…et,CD is the carbon emission derived from both the DER and the power utility. Follow up on these formulae, one may derive the value dependency law [35]. In the microgrid economics and carbon emission calculation model, the first row of the matrix indicates that the power demand of the load the power demand of the load in a microgrid must be met in total by the current level of energy production, available stored energy, and energy provided by an external power grid.…”