From being central generation to decentralized power generation, the energy systems are undergoing a rapid transition nationally and internationally. With the proliferation of rooftop solar system, electric vehicles and energy storage, grid based electricity is slowly becoming a backup supply. Further this decentralized approach has opened up numerous opportunities of trading and transfer of electricity between sources of distributed generation, load points and grid companies. Regulatory provisions such as net metering and open access are instrumental in facilitating such transactions through proper accounting and settlement mechanism. The proposed segregation of wire and supply of electricity will change the way electricity sector functions bringing in much needed competition and choice for buyers. However peer to peer trading will also lead to challenge of handling a very large volume of trades every minute. This challenge can be addressed using block chain technology, which is an open and decentralized ledger that allows users to get into instant contracts, track fulfilment and process settlements instantly. With increasing penetration of distributed power sources, the grid is being transformed like never before.
Develop and demonstrate a block-chain based peer to peer energy sharing and trading platform that enables consumers to manage their home or industrial energy needs and take control of their energy sourcing, while achieving higher energy security, enhancing renewable energy share and increasing commercial viability through enhanced energy efficiency measures.
Project Inception Meeting
Aug 2018
Steering Committee Meeting
Aug 2018
Blockchain Training
Nov 2018
DST Update Meeting
Dec 2018
Steering Committee Meeting
Feb 2019
DST Review Meeting
May 2019
DST TS IIMA
Jul 2019
Brainstorming IIMA
Jul 2019
Steering Committee Meeting
Dec 2019
DST Review Meeting
March 2020
Project Inception meeting and 1st Steering Team Meeting were held on 30th & 31st August respectively.All the academic and industry consortia partners participated in the inception meeting. All the partners deliberated and agreed on the scope of work.
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Suggested to organize Blockchain training for the core project team. Consulted industry participants and refined key project deliverables. Sought commitment from industry for setting up test beds and field demonstrations.
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Organized a 5 day training cum workshop on blockchain for enhancing knowledge of core project team.
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IIMA, MSRIT and IIT Gandhinagar participated in the update meeting.Update was given to the project review committee of DST.
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Decision was taken to accelerate the development by using solutions available to the industry. Use cases for POC were finalized taking into consideration the feedback from industry partners. Selection criteria to be used for product development agencies defined.
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Project progress was reviewed and found to be satisfactory Expert committee recommended to include system operator level use cases in consultation with POSOCO
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DST convened a meeting between IIM Ahmedabad and Govt. of Telangana, to encourage collaboration for developing and demonstration of Peer to Peer (P2P) Energy Trading use cases, and highlighting the benefits of Blockchain, IoT & AI technologies for Energy sector.
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The use cases for “Prosumer Driven Integrated Smart Grid” project are being developed in consultation with industry and academic partners. A brainstorming session was held at IIM Ahmedabad on 21st & 22nd July to develop the core architecture for the P2P Energy Trading and Flexibility Aggregator use cases.
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Project progress was reviewed by the Steering Committee. This is the third meeting of the Steering Committee. The committee reviewed the P2P Energy Trading product development and the preparations for field testing / POC demonstrations.
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Project progress was reviewed by the expert committee and found to be satisfactory. The Expert committee recommended to include a Blockchain demonstration at system operator level in consultation with POSOCO
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