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Title: | Flexible Energy Contracts - FLECS - Smart contracts for Smart Grid 2.0 |
Author: | Torrens Marin, Guillem |
Tutor: | Crespo García, David |
Abstract: | There is an increasing number of end-users that are moving from just consumers of electricity in their households to participate in other type of consumption, such as Electrical Vehicles ("EV"), and to produce electricity, on their roofs for example, even the EV chargers can inject electricity to the grid. That is the evolution of the consumers to prosumers: production + consumption. This document will only focus on one type of energy, electricity. However, most of the applications should be thought for any other type of energy. Such platform would generate transactions in real-time allowing individual and aggregate transactions to be made by users, generating new business opportunities. These transactions could be between end-users and the grid, in any direction, thus generating millions of transactions in many directions. To handle that, this document proposes a distributed platform that uses smart contracts that can be trustworthy, scalable, and flexible to allow the users to share energy with others and make secure transactions. The platform would generate instantly and locally without the need of a centralized server, with the use of the blockchain technology. For billing purposes, transactions can be grouped and aggregated on monthly basis. It is a requirement to ensure communication of all participating users. In the power market nowadays, these users do not perform any operations in their metering equipment, but simply read, record, and serve information. It will be necessary to ensure that they can offer that capacity in the desired granularity. The inclusion of machine learning to the system will provide the capability of analyzing the enormous amount of data that will be generated and exchanges every minute. Smart contracts and distributed ledgers technologies offer a solution for these challenges providing security to the transactions at a lower cost than a centralized system. In a distributed platform the necessary investment is smaller. |
Keywords: | blockchain secure energy transactions machine learning smart energy scalable power market |
Document type: | info:eu-repo/semantics/masterThesis |
Issue Date: | 8-Jan-2023 |
Publication license: | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
Appears in Collections: | Bachelor thesis, research projects, etc. |
Files in This Item:
File | Description | Size | Format | |
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20230108 Flexible Energy Contracts - FLECS - Smart Grid 2.0 - Guillem Torrens.pdf | TFM Report | 1,19 MB | Adobe PDF | View/Open |
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