In this paper, an integrated blockchain-based energy management platform is proposed that optimizes energy flows in a microgrid whilst implementing a bilateral trading mechanism. Physical constraints in the microgrid are respected by formulating an Optimal Power Flow (OPF) problem, which is combined with a bilateral trading mechanism in a single optimization problem. The Alternating Direction Method of Multipliers (ADMM) is used to decompose the problem to enable distributed optimization and a smart contract is used as a virtual aggregator.
Elsevier, Energy and Buildings, Volume 116, 15 March 2016
The smart grid's components
The smart grids are modern electric power grid infrastructure for enhanced efficiency and reliability through automated control, high-power converters, modern communications infrastructure, sensing and metering technologies, and modern energy management techniques based on the optimization of demand, energy and network availability. The role of buildings in this framework is very crucial. This paper addresses critical issues on smart grid technologies and the integration of buildings in this new power grid framework.