DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network

Liaqat Ali; M. Imran Azim; Jan Peters; Nabin B. Ojha; M. G. Simoes; S. M. Muyeen

doi:10.1109/AIE61866.2024.10561267

DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network

Liaqat Ali
, M. Imran Azim
, Jan Peters
, Nabin B. Ojha
, M. G. Simoes
, S. M. Muyeen

Electrical and Computer Systems Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

3 Citations (Scopus)

Abstract

This paper discusses the advantages of orchestrating distribution energy resources (DERs) within the distribution network and integrating third generation (Gen3) blockchain technology among a diverse range of customers. The implementation of peer-to-peer (P2P) energy trading aims to optimize local energy utilization, reduce energy costs for participants, and provide insights into profit margins for aggregators and the distribution system operator (DSO). The study focuses on three types of DERs, namely electric vehicles (EVs), photovoltaic (PV) systems, and battery energy storage systems (BESSs), to facilitate transparent and secure P2P energy trading. The results underscore the importance of Gen3 blockchain technology in expediting and enhancing energy trading processes, thereby benefiting a wide range of participants.

Original language	English
Title of host publication	2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024
Editors	Mazaher Karimi
Place of Publication	Piscataway NJ USA
Publisher	IEEE, Institute of Electrical and Electronics Engineers
Number of pages	6
ISBN (Electronic)	9798350364965
ISBN (Print)	9798350364972
DOIs	https://doi.org/10.1109/AIE61866.2024.10561267
Publication status	Published - 2024
Event	International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation 2024 - Vaasa, Finland Duration: 20 May 2024 → 22 May 2024 https://ieeexplore.ieee.org/xpl/conhome/10560474/proceeding (Proceedings) https://sites.uwasa.fi/aieworkshop/ (Website)

Conference

Conference	International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation 2024
Abbreviated title	AIE 2024
Country/Territory	Finland
City	Vaasa
Period	20/05/24 → 22/05/24
Internet address	https://ieeexplore.ieee.org/xpl/conhome/10560474/proceeding (Proceedings) https://sites.uwasa.fi/aieworkshop/ (Website)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

blockchain
Distribution network
distribution system operator
electricity cost reduction
P2P Trading

Access to Document

10.1109/AIE61866.2024.10561267

Cite this

Ali, L., Azim, M. I., Peters, J., Ojha, N. B., Simoes, M. G., & Muyeen, S. M. (2024). DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network. In M. Karimi (Ed.), 2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024 IEEE, Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/AIE61866.2024.10561267

@inproceedings{8a39a84020eb4b31841150fcbc16d9d8,

title = "DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network",

abstract = "This paper discusses the advantages of orchestrating distribution energy resources (DERs) within the distribution network and integrating third generation (Gen3) blockchain technology among a diverse range of customers. The implementation of peer-to-peer (P2P) energy trading aims to optimize local energy utilization, reduce energy costs for participants, and provide insights into profit margins for aggregators and the distribution system operator (DSO). The study focuses on three types of DERs, namely electric vehicles (EVs), photovoltaic (PV) systems, and battery energy storage systems (BESSs), to facilitate transparent and secure P2P energy trading. The results underscore the importance of Gen3 blockchain technology in expediting and enhancing energy trading processes, thereby benefiting a wide range of participants.",

keywords = "blockchain, Distribution network, distribution system operator, electricity cost reduction, P2P Trading",

author = "Liaqat Ali and Azim, \{M. Imran\} and Jan Peters and Ojha, \{Nabin B.\} and Simoes, \{M. G.\} and Muyeen, \{S. M.\}",

note = "Publisher Copyright: {\textcopyright} 2024 IEEE.; International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation 2024, AIE 2024 ; Conference date: 20-05-2024 Through 22-05-2024",

year = "2024",

doi = "10.1109/AIE61866.2024.10561267",

language = "English",

isbn = "9798350364972",

editor = "Mazaher Karimi",

booktitle = "2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024",

publisher = "IEEE, Institute of Electrical and Electronics Engineers",

address = "United States of America",

url = "https://ieeexplore.ieee.org/xpl/conhome/10560474/proceeding, https://sites.uwasa.fi/aieworkshop/",

}

Ali, L, Azim, MI, Peters, J, Ojha, NB, Simoes, MG & Muyeen, SM 2024, DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network. in M Karimi (ed.), 2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024. IEEE, Institute of Electrical and Electronics Engineers, Piscataway NJ USA, International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation 2024, Vaasa, Finland, 20/05/24. https://doi.org/10.1109/AIE61866.2024.10561267

DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network. / Ali, Liaqat; Azim, M. Imran; Peters, Jan et al.
2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024. ed. / Mazaher Karimi. Piscataway NJ USA: IEEE, Institute of Electrical and Electronics Engineers, 2024.

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

TY - GEN

T1 - DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network

AU - Ali, Liaqat

AU - Azim, M. Imran

AU - Peters, Jan

AU - Ojha, Nabin B.

AU - Simoes, M. G.

AU - Muyeen, S. M.

PY - 2024

Y1 - 2024

N2 - This paper discusses the advantages of orchestrating distribution energy resources (DERs) within the distribution network and integrating third generation (Gen3) blockchain technology among a diverse range of customers. The implementation of peer-to-peer (P2P) energy trading aims to optimize local energy utilization, reduce energy costs for participants, and provide insights into profit margins for aggregators and the distribution system operator (DSO). The study focuses on three types of DERs, namely electric vehicles (EVs), photovoltaic (PV) systems, and battery energy storage systems (BESSs), to facilitate transparent and secure P2P energy trading. The results underscore the importance of Gen3 blockchain technology in expediting and enhancing energy trading processes, thereby benefiting a wide range of participants.

AB - This paper discusses the advantages of orchestrating distribution energy resources (DERs) within the distribution network and integrating third generation (Gen3) blockchain technology among a diverse range of customers. The implementation of peer-to-peer (P2P) energy trading aims to optimize local energy utilization, reduce energy costs for participants, and provide insights into profit margins for aggregators and the distribution system operator (DSO). The study focuses on three types of DERs, namely electric vehicles (EVs), photovoltaic (PV) systems, and battery energy storage systems (BESSs), to facilitate transparent and secure P2P energy trading. The results underscore the importance of Gen3 blockchain technology in expediting and enhancing energy trading processes, thereby benefiting a wide range of participants.

KW - blockchain

KW - Distribution network

KW - distribution system operator

KW - electricity cost reduction

KW - P2P Trading

UR - https://www.scopus.com/pages/publications/85197909319

U2 - 10.1109/AIE61866.2024.10561267

DO - 10.1109/AIE61866.2024.10561267

M3 - Conference Paper

AN - SCOPUS:85197909319

SN - 9798350364972

BT - 2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024

A2 - Karimi, Mazaher

PB - IEEE, Institute of Electrical and Electronics Engineers

CY - Piscataway NJ USA

T2 - International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation 2024

Y2 - 20 May 2024 through 22 May 2024

ER -

Ali L, Azim MI, Peters J, Ojha NB, Simoes MG, Muyeen SM. DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network. In Karimi M, editor, 2024 International Workshop on Artificial Intelligence and Machine Learning for Energy Transformation, AIE 2024. Piscataway NJ USA: IEEE, Institute of Electrical and Electronics Engineers. 2024 doi: 10.1109/AIE61866.2024.10561267

DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network

Abstract

Conference

UN SDGs

Keywords

Access to Document

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