Blockchain-based energy trading in electric vehicle enabled microgrids

Ifiok A. Umoren, Syeda S. A. Jaffary, Muhammad Z. Shakir, Konstantinos Katzis, Hamed Ahmadi

Research output: Contribution to journalArticle

4 Downloads (Pure)

Abstract

This article presents a blockchain-based scheme for energy trading between electric vehicles (prosumers) and critical load (consumer) in a microgrid. Unlike traditional wholesale energy markets where retailers sell energy to consumers, our proposed model directly connects prosumers with consumers to exchange energy. We exploit blockchain technology to establish a trusted energy trading ecosystem. The article provides an overview of the blockchain enabled architecture that facilitates peer-to-peer energy trade in a logical network, using the building blocks provided by 5G network. An energy trading prototype is developed to remotely monitor energy trading activities between prosumers and consumer, using graphical user interface. Experimental results based on a real map of Paisley illustrate that the energy trading system is effective in finding, associating and routing prosumers to consumers, while protecting privacy of entities. Numerical results show a favorable performance of our optimization model in comparison to traditional frameworks.
Original languageEnglish
Number of pages7
JournalIEEE Consumer Electronics Magazine
Early online date11 May 2020
DOIs
Publication statusE-pub ahead of print - 11 May 2020

Keywords

  • peer-to-peer computing
  • prototypes
  • optimization
  • consumer electronics
  • microgrids

Fingerprint Dive into the research topics of 'Blockchain-based energy trading in electric vehicle enabled microgrids'. Together they form a unique fingerprint.

  • Cite this