Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/157891
Title: Blockchain-based battery energy storage systems for mitigating solar intermittency
Authors: Teo, Jing
Keywords: Engineering::Electrical and electronic engineering::Power electronics
Issue Date: 2022
Publisher: Nanyang Technological University
Source: Teo, J. (2022). Blockchain-based battery energy storage systems for mitigating solar intermittency. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/157891
Abstract: As one of the widely used distributed generation energy sources in Singapore, solar photovoltaic is an important aspect of the increased use of renewable energy. However, the power generation profile of solar photovoltaic is vulnerable to the effects of Singapore’s weather conditions which causes intermittencies to occur during power generation. One solution is the use of a battery energy storage system to reduce intermittency. With the storage of excess energy, consumers could trade their excess energy with each other within the microgrid. Recently, the soaring popularity of Blockchain technology has led to its development and maturity. The smart contract mechanism of Blockchain technology could be used to conduct peer-to-peer energy trading between consumers in the microgrid due to its convenience, efficiency and relative safety. The pricing scheme of energy trading will be written using a smart contract to be executed automatically.
URI: https://hdl.handle.net/10356/157891
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:EEE Student Reports (FYP/IA/PA/PI)

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