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Reference Number EP/S001778/2
Title Street2Grid - An Electricity Blockchain Platform for P2P Energy Trading
Status Started
Energy Categories OTHER POWER and STORAGE TECHNOLOGIES(Electricity transmission and distribution) 25%;
OTHER POWER and STORAGE TECHNOLOGIES(Energy storage) 25%;
OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Environmental, social and economic impacts) 25%;
OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Energy Economics) 25%;
Research Types Basic and strategic applied research 100%
Science and Technology Fields ENVIRONMENTAL SCIENCES (Geography and Environmental Studies) 20%;
PHYSICAL SCIENCES AND MATHEMATICS (Applied Mathematics) 30%;
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 50%;
UKERC Cross Cutting Characterisation Systems Analysis related to energy R&D (Other Systems Analysis) 75%;
Sociological economical and environmental impact of energy (Other sociological economical and environmental impact of energy) 25%;
Principal Investigator Dr J Yang
No email address given
Sch of Engineering and Applied Science
Aston University
Award Type Standard
Funding Source EPSRC
Start Date 15 October 2019
End Date 14 March 2022
Duration 29 months
Total Grant Value £387,670
Industrial Sectors Energy
Region West Midlands
Programme ISCF - Skills
 
Investigators Principal Investigator Dr J Yang , Sch of Engineering and Applied Science, Aston University (100.000%)
  Industrial Collaborator Project Contact , University of Birmingham (0.000%)
Project Contact , Ove Arup & Partners Ltd (0.000%)
Project Contact , National Grid plc (0.000%)
Project Contact , Scottish and Southern Energy plc (0.000%)
Project Contact , SP Energy Networks (0.000%)
Project Contact , UK Power Networks (0.000%)
Project Contact , Nortech Management Limited (0.000%)
Project Contact , State Grid Corporation of China (0.000%)
Project Contact , Evergreen Smart Power (0.000%)
Project Contact , La Société des Régies de l'Arc (SOREA), France (0.000%)
Web Site
Objectives
Abstract The objective of the Fellowship is to create a new platform to identify millions of streams of power flows in the large-scope distribution network to enable the ambitious blockchain technology for the power industry, which is seen as a future trend with a growing number of distributed energy resources. I believe that the eventual peer-to-peer (P2P) electricity market can only be realised when individual transactions can be physically traced to enhance the transparency and reflect the actual usage of the network for correct billing.This Fellowship questions the overlook of the present blockchain concept on the power grid infrastructure and proposes to analytically uncouple transactions from the usage of the physical medium for electricity transport. This Fellowship pushes the complex power systems (particularly distribution networks) analytics to its new limits by i) exploiting geographical information system with new distribution power flow tracing techniques with newly defined trait; ii) taking into account the mobility of distributed energy resources, e.g. electric vehicles, battery energy storage to flexible electricity trading from the physical constraint of the infrastructure; iii) using analytical, signal processing and chromatics methodology with smart metering data to improve power flow tracing performance especially for highly complicated distribution networks with microgrids and millions of nodes to represent all market participants; iv) developing a new tool as a fundamental layer of application programming interface to the future blockchain platform. The outcome of this Fellowship will not only shed light on the fundamental barriers on the energy P2P sharing economy but will also lead to the rollout of blockchain in the energy sector by enabling substantial public engagement to realise "Decarbonisation, Deregulation, Decentralisation" via "Transactions, Transparency, Traceability, Time-stamped, Trust"
Publications (none)
Final Report (none)
Added to Database 18/08/21