Street2Grid - An Electricity Blockchain Platform for P2P Energy Trading

Completed

Other Power and Storage Technologies(Electricity transmission and distribution)
Other Power and Storage Technologies(Energy storage)
Other Cross-Cutting Technologies or Research(Energy Economics)
Other Cross-Cutting Technologies or Research(Environmental, social and economic impacts)

Basic and strategic applied research

ENVIRONMENTAL SCIENCES (Geography and Environmental Studies)
PHYSICAL SCIENCES AND MATHEMATICS (Applied Mathematics)
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering)

Systems Analysis related to energy R&D (Other Systems Analysis)
Sociological economical and environmental impact of energy (Other sociological economical and environmental impact of energy)

Dr J Yang
Sch of Engineering and Applied Science
Aston University

Standard

EPSRC

29 June 2018

14 October 2019

16 months

£569,980

Energy

West Midlands

ISCF - Skills

Dr J Yang, Sch of Engineering and Applied Science, Aston University

Project Contact, La Société des Régies de l'Arc (SOREA), France
Project Contact, State Grid Corporation of China
Project Contact, Ove Arup & Partners Ltd
Project Contact, Nortech Management Limited
Project Contact, Scottish and Southern Energy plc
Project Contact, National Grid plc
Project Contact, University of Birmingham
Project Contact, Evergreen Smart Power
Project Contact, UK Power Networks
Project Contact, Macclesfield College of Further and Higher Education
Project Contact, SP Energy Networks

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"

15/02/19