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Unification of Edge Energy Grids for Empowering Small Energy Producers

Author

Listed:
  • Evangelos K. Markakis

    (Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece)

  • Yannis Nikoloudakis

    (Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece)

  • Kalliopi Lapidaki

    (Adrestia Research and Development PPC, GR-71202 Heraklion, Greece)

  • Konstantinos Fiorentzis

    (Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece)

  • Emmanuel Karapidakis

    (Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece)

Abstract

The current energy landscape is largely comprised of big stakeholders, who are often the monopolistic drivers of their local market. This fact does not leave any room for smaller players to participate in this procedure by contributing their part in the energy pool. Moreover, the dynamic demand for power along with the current power production rate are not corelated, rendering the power distribution grid, a best effort network, prone to power failures, due to the inevitable irregularities in demand. This paper introduces a novel concept that allows small energy producers, such as solar panel grids, to offer their production excess through an intelligent energy brokerage blockchain-based framework. The proposed framework ingests the vast amounts of bigdata stemming from the distributed smart energy grids smart metering and allows for automatic commercial transactions of power between the participants of a dedicated marketplace. Values dynamically fluctuate depending on the real-time offer and demand and the grid’s state. Thus, all partaking stakeholders are able to take the most out of their product by leveraging the intelligence provided by the energy marketplace, and contribute to the overall stabilization of the energy grid.

Suggested Citation

  • Evangelos K. Markakis & Yannis Nikoloudakis & Kalliopi Lapidaki & Konstantinos Fiorentzis & Emmanuel Karapidakis, 2021. "Unification of Edge Energy Grids for Empowering Small Energy Producers," Sustainability, MDPI, vol. 13(15), pages 1-9, July.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:15:p:8487-:d:604220
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    Citations

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    Cited by:

    1. Dušan B. Gajić & Veljko B. Petrović & Nebojša Horvat & Dinu Dragan & Aleksandar Stanisavljević & Vladimir Katić & Jelena Popović, 2022. "A Distributed Ledger-Based Automated Marketplace for the Decentralized Trading of Renewable Energy in Smart Grids," Energies, MDPI, vol. 15(6), pages 1-26, March.
    2. Joanna Henzel & Łukasz Wróbel & Marcin Fice & Marek Sikora, 2022. "Energy Consumption Forecasting for the Digital-Twin Model of the Building," Energies, MDPI, vol. 15(12), pages 1-21, June.
    3. Quy Nguyen Minh & Van-Hau Nguyen & Vu Khanh Quy & Le Anh Ngoc & Abdellah Chehri & Gwanggil Jeon, 2022. "Edge Computing for IoT-Enabled Smart Grid: The Future of Energy," Energies, MDPI, vol. 15(17), pages 1-16, August.
    4. Luigi Scarcello & Andrea Giordano & Carlo Mastroianni, 2022. "Edge Computing Parallel Approach for Efficient Energy Sharing in a Prosumer Community," Energies, MDPI, vol. 15(13), pages 1-24, June.
    5. Md Masud Rana & Akhlaqur Rahman & Moslem Uddin & Md Rasel Sarkar & SK. A. Shezan & C M F S Reza & Md. Fatin Ishraque & Mohammad Belayet Hossain, 2022. "Efficient Energy Distribution for Smart Household Applications," Energies, MDPI, vol. 15(6), pages 1-19, March.

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