Research Project
eDREAM: energy is in balance
A research project for blockchain-based demand management to better coordinate energy demand and supply from heterogeneous and renewable third-party sources.
Where: international
Where: international
Challenge
Considering electric power distribution process, particularly if it comes from renewable sources, the management and balancing of energy peaks in supply and demand is of fundamental importance, to ensure balanced and continuous provisioning, regardless of sources intermittence.
Approach
A smart and automated Demand Response (DR) solution can provide electricity Distribution System Operators (DSOs), in a cost-effective way, the necessary flexibility for integrating larger shares of intermittent Renewable Energy Sources, while not compromising the security of supply and network reliability and avoiding additional reinforcements of the existing grid.
However, Demand Response potential has been exploited to a very limited extent due to various technological, regulatory, economic barriers.
Digital Ecosystem
Solution
Digital Ecosystem
The solution is eDREAM, a research project coordinated by Engineering, aimed at creating an innovative framework, which will allow the managers of the electricity distribution systems (DSO) to employ different balanced external energy sources. The key is to use a scalable, secure, optimized and blockchain-based demand response software. In detail:
- The Demand Response software includes early detection of flexibility potential through the combination of aerial, LIDAR and thermal imaging from drones, it profiles and segments end-users using Big Data analysis and visualization.
- The Distributed Ledger Technology ensures safe data handling, market-based microgrid control and near real time Demand Response verification, improving the traceability of fair transactions. The project will be validated in Greece, in UK and Italy.
Financing Framework
Results
More reliable and secure electric power distribution
Safe and optimal management of Big Data
Impacts
Technologies
Blockchain
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W"hat it is and how to leverage it for business.
Internet Of Things
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From the Internet of Things to the Internet of Me: the key to data connection.
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