Blockchain technology enabled transactive control framework for AI-based hierarchical energy management system (Hi-EMS)

• Main Author: Tan, De Zhou
• Other Authors: Gooi Hoay Beng
• Format: Final Year Project
• Language: English
• Published: Nanyang Technological University 2023
• Subjects: Engineering::Electrical and electronic engineering
• Online Access: https://hdl.handle.net/10356/167248
• Institution: Nanyang Technological University

New energy policies of the 21st century have paved the way for grid-edge assets such as renewable distributed energy resources, prosumers, and electric mobility systems to participate in retail and bulk energy markets. In the open power energy market, there is a need to develop local markets that leverage both the peer-to-peer (P2P) and peer-to-market transactive exchanges, ensuring the electricity infrastructure's secure, reliable, and economic operation. Thus, the Transactive Energy System and Distributed Ledger Technology have emerged as potential mechanisms to help with the management of energy as well as provide economic value in emerging smart grids. This project aims to develop a blockchain-enabled transactive energy control framework utilizing market-clearing pricing mechanisms and considering the participation of DER aggregators, virtual power plants (VPPs), prosumers, and electric mobility owners in a distribution grid market. A mobile application is developed for P2P energy transactions and is tested for P2P transactions in the 0.4-kV microgrid setup at Clean Energy Research Lab. With the use of mobile application developing software, the peers who participate in trading can download the mobile application which facilitates the ease of trading for the users.