How the Brooklyn Microgrid and TransActive Grid are paving the way to next-gen energy markets

Orsini, Lawrence; Kessler, Scott; Wei, Julianna; Field, Heather M.

doi:10.1016/b978-0-08-102207-8.00010-2

Cited by 27 publications

(13 citation statements)

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“…Grace et al analyze the role that cognitive radio could play in more power-efficient and generally "greener" communications [17]. Orsini et al describe a case study, in which a P2P energy market, backed by Blockchain technology, is driving the growth of community microgrids, which present benefits in terms of resilience, robustness and renewable energy utilization, compared to the traditional utility grid infrastructure [18].…”

Section: Communication Technologiesmentioning

confidence: 99%

Information and Communication Technology Solutions for the Circular Economy

2020

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The concept of circular economy (CE) is becoming progressively popular with academia, industry, and policymakers, as a potential path towards a more sustainable economic system. Information and communication technology (ICT) systems have influenced every aspect of modern life and the CE is no exception. Cutting-edge technologies, such as big data, cloud computing, cyber-physical systems, internet of things, virtual and augmented reality, and blockchain, can play an integral role in the embracing of CE concepts and the rollout of CE programs by governments, organizations, and society as a whole. The current paper conducts an extensive academic literature review on prominent ICT solutions paving the way towards a CE. For the categorization of the solutions, a novel two-fold approach is introduced, focusing on both the technological aspect of the solutions (e.g., communications, computing, data analysis, etc.), and the main CE concept(s) employed (i.e., reduce, reuse, recycle and restore) that each solution is the most relevant to. The role of each solution in the transition to CE is highlighted. Results suggest that ICT solutions related to data collection and data analysis, and in particular to the internet of things, blockchain, digital platforms, artificial intelligence algorithms, and software tools, are amongst the most popular solutions proposed by academic researchers. Results also suggest that greater emphasis is placed on the “reduce” component of the CE, although ICT solutions for the other “R” components, as well as holistic ICT-based solutions, do exist as well. Specific important challenges impeding the adoption of ICT solutions for the CE are also identified and reviewed, with consumer and business attitude, economic costs, possible environmental impacts, lack of education around the CE, and lack of familiarization with modern technologies being found among the most prominent ones.

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Section: Communication Technologiesmentioning

confidence: 99%

Information and Communication Technology Solutions for the Circular Economy

2020

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“…The first use of the peer-to-peer trade in the energy space occurred in 2016, when the New York microgrid allowed a resident to trade with a neighbour [52]. As the use of renewable energy grows and the distributed network develops, it is believed that peer-topeer energy trading will also develop allowing for the monitoring of not only the power network, but the use consumption as well [30].…”

Section: P2p In Energy Tradingmentioning

confidence: 99%

P2P, CSC and TE: A Survey on Hardware, Software and Data

et al. 2021

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Peer-to-Peer (P2P), Transactive Energy (TE) and Community Self-Consumption (CSC) are exciting energy generation and use models, offering several opportunities for prosumers, micro-grids and services to the grid; however, they require numerous components to function efficiently. Various hardware devices are required to transmit data and control the generation and consumption equipment, whereas software is needed to use the gathered information to monitor and manage the hardware and energy trading. Data can be gathered from a variety of origins from within the grid and external sources; however, these data must be well-structured and consistent to be useful. This paper sets out to gather information regarding the hardware, software and data from the several archetypes available, focusing on existing projects and trials in these areas to see what the most-common hardware, software and data components are. The result presents a concise overview of the hardware, software and data-related topics and structures within the P2P, TE and CSC energy generation and use models.

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“…However, the results have not yet been published. Similarly, the next phase of the LO3 project in Brooklyn [51] is working on extending the blockchain-based energy market. However, to the best of our knowledge, their focus has primarily been using blockchain as the resilient information store, and they are not using the decentralized architecture to implement a market.…”

Section: Related Workmentioning

confidence: 99%

Safe and Private Forward-trading Platform for Transactive Microgrids

Eisele

Eghtesad

Campanelli

et al. 2020

ACM Trans. Cyber-Phys. Syst.

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Power grids are evolving at an unprecedented pace due to the rapid growth of distributed energy resources (DER) in communities. These resources are very different from traditional power sources, as they are located closer to loads and thus can significantly reduce transmission losses and carbon emissions. However, their intermittent and variable nature often results in spikes in the overall demand on distribution system operators (DSO). To manage these challenges, there has been a surge of interest in building decentralized control schemes, where a pool of DERs combined with energy storage devices can exchange energy locally to smooth fluctuations in net demand. Building a decentralized market for transactive microgrids is challenging, because even though a decentralized system provides resilience, it also must satisfy requirements such as privacy, efficiency, safety, and security, which are often in conflict with each other. As such, existing implementations of decentralized markets often focus on resilience and safety but compromise on privacy. In this article, we describe our platform, called TRANSAX, which enables participants to trade in an energy futures market, which improves efficiency by finding feasible matches for energy trades, enabling DSOs to plan their energy needs better. TRANSAX provides privacy to participants by anonymizing their trading activity using a distributed mixing service, while also enforcing constraints that limit trading activity based on safety requirements, such as keeping planned energy flow below line capacity. We show that TRANSAX can satisfy the seemingly conflicting requirements of efficiency, safety, and privacy. We also provide an analysis of how much trading efficiency is lost. Trading efficiency is improved through the problem formulation, which accounts for temporal flexibility, and system efficiency is improved using a hybrid-solver architecture. Finally, we describe a testbed to run experiments and demonstrate its performance using simulation results.

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How the Brooklyn Microgrid and TransActive Grid are paving the way to next-gen energy markets

Abstract: Capacity data are reported in watts of alternating current (AC) unless indicated otherwise. The primary data represented and synthesized in the 2015 Renewable Energy Data Book come from the publicly available data sources identified on page 122.

Cited by 27 publications

References 0 publications

Information and Communication Technology Solutions for the Circular Economy

Information and Communication Technology Solutions for the Circular Economy

P2P, CSC and TE: A Survey on Hardware, Software and Data

Safe and Private Forward-trading Platform for Transactive Microgrids

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