Peer to Peer Solar Energy Trading Demonstrator Blockchain-enabled

By combining distributed generation, battery storage, and smart meters, microgrid performance can be enhanced. As a result, distributed energy resources (DER) can be intelligently controlled via online platforms. Through integration, prosumers that use decentralized resources like wind power have replaced conventional power customers. Due to the growth and digitalization of the power distribution infrastructure, a new method of exchanging electricity in community microgrids called peer-to-peer (P2P) intratrading has emerged. Blockchain technology is used because it is transparent, secure, and completes transactions quickly. Prosumers, consumers, and owners of renewable energy sources may now trade energy more easily amongst one another. This study develops the P2P paradigm to create a self-sufficient community microgrid system for trading energy. Incorporating peer-to-peer energy trades and a battery backup system, the suggested technique uses blockchain to simulate a decentralized microgrid energy market. The microgrid P2P market's clearing price is established by taking into account customers' expected reactions to price changes, incentivizing consumers and prosumers to alter their patterns of energy usage. A cryptocurrency called Cosmos that is mined and distributed using blockchain technology is also included in the P2P market idea. The results show how automated P2P commerce and adjustable energy storage enable end users to save energy and become more independent. This paper provides a sustainable microgrid energy market model and suggests an approach to improve security by incorporating blockchain technology into current energy management systems. In summary, the paper offers a design paradigm for an independent microgrid system that makes use of distributed energy sources. It demonstrates how end users may gain from energy efficiency and independence while highlighting the possibilities of P2P energy trade and storage variety offered by blockchain. This thorough method provides information on creating a sustainable microgrid energy market and illustrates how blockchain technology can be used to increase the safety of energy management systems.