Electric Vehicles; The Driving Power for Energy Transition
Blockchain-based Decentralised Energy Trading
S. Hijgenaar (TU Delft - Civil Engineering & Geosciences)
Alexander Verbraeck – Mentor (TU Delft - Policy Analysis)
Z Erkin – Mentor (TU Delft - Cyber Security)
T. Keviczky – Mentor (TU Delft - Team Tamas Keviczky)
Jos Siemons – Mentor (CGI Nederland B.V)
Ralph Bisschops – Mentor (CGI Nederland B.V)
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Abstract
The widespread introduction of (hybrid) electric vehicles has caused dynamic, local energy demand peaks. While, decentral energy generation, often using sustainable methods, creates local over-supply. Following the trends of the previous decade, the central balancing party (TenneT) will soon be no longer able to keep up. Blockchain offers an outcome by ruling out the third party and enabling direct sales from supply to demand. The technology offers a safe and transparent transaction platform. In collaboration with CGI Nederland a proof-of-concept is developed that proves the usefulness of the technology for a decentral, distributed, peer-to-peer energy trading system. In my thesis research I developed an algorithm that enables electricity trading between households and electric vehicles, benefiting both systems from an operator's perspective, as well as the individual system users.