Community Energy Dynamic Solution with Blockchain (CEDISON)

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Title
Community Energy Dynamic Solution with Blockchain (CEDISON)

CoPED ID
52cdf8f0-61b3-4589-9540-ec4c79350de7

Status
Closed


Value
£2,718,040

Start Date
Nov. 1, 2017

End Date
Oct. 31, 2018

Description

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Within the UK grid infrastructure environment, renewable potential is curtailed, preventing large penetration of Renewable Energy Sources and injection of all available power into the grid. This leads to an opportunity for micro-grids at the community level to be optimised, enabling local balancing and providing extra revenue schemes, i.e. electric transportation charging, or electric heating. In addition, Distributed Ledger Technologies (DLTs) such as blockchain can be used to stipulate and store smart contracts that enforce proportional fairness among participants in low-carbon microgrids. CEDISON will examine the synergy between DLTs, intelligent building monitoring and control at community level, including forecasting based on weather and electricity price and Peer-to-Peer trading to smart energy systems. CEDISON is the first of its kind to define a way to capture the benefits of local balancing markets, at building and district level, enhancing consumer digitalisation, and being able to measure the impact in rural and city district microgrids. CEDISON is disruptive, in a way that allows evaluation of interactions of data trading providing insights to consumers, planners, markets, business and governmental bodies.

Ruth Kerrigan PM_PER

Subjects by relevance
  1. Renewable energy sources
  2. Electrical power networks
  3. Microgrids
  4. Infrastructures
  5. Enterprises
  6. Optimisation
  7. Digitalisation
  8. Distribution of electricity
  9. Smart grids

Extracted key phrases
  1. Community Energy Dynamic Solution
  2. Community level
  3. UK grid infrastructure environment
  4. Renewable Energy source
  5. District level
  6. Intelligent building monitoring
  7. City district microgrid
  8. Electric transportation charging
  9. Renewable potential
  10. Distributed Ledger Technologies
  11. Large penetration
  12. CEDISON
  13. Smart energy system
  14. Peer trading
  15. Blockchain

Related Pages

UKRI project entry

UK Project Locations