REALIZING DISTRIBUTED ENERGY TRADING USING 5G EDGE/FOG AND BLOCKCHAIN TECHNOLOGIES

REALIZING DISTRIBUTED ENERGY TRADING USING 5G EDGE/FOG AND BLOCKCHAIN TECHNOLOGIES

In order to effectively transmit, process, and analyze energy big data that grows at an alarming rate, and to coordinate the production and consumption processes in the modern energy system, it is urgent to employ a series of major common key technologies; establishing a new generation of secure and stable smart energy sharing network. Through the international cooperation between Norway as an energy nation and foreign countries, the project will study the common scientific issues in the smart energy sharing network and its applications, open up new opportunities, develop new directions, and promote the social and economic development of the collaborating countries. The proposal will focus on energy management and demand coordination, power grid security and stability control, data security, privacy protection and other major challenges, research and breakthrough key technologies such as 5G, optical network, blockchain, large-scale distributed computing, and tackling key backbones. Key issues such as the integration of power grids with microgrids, distributed energy and smart communities, design a complete architecture solution, using distributed, edge and high-performance computing to handle energy data interaction between the various units of the network, thus facilitating the connection into new energy, truly achieve two-way on-demand transmission of energy and dynamic balance. It is worth to mention that all parties of the project will strictly abide by the relevant laws/regulations of the project partners and also follow their respective cultural and social customs.

Considering the UN Sustainable Development Goals (SDGs), the outcomes of the proposed project can be addressed to SDG7, SDG9, SDG11, and SDG13; achieving a better and more sustainable future for all. The project will result in increased energy efficiency and resilience to environmental issues through enabling effective trade of distributed energy resources while keeping the stakeholders’ data safe and secure. To this aim, the project plans to develop several software packages to be used to implement tasks in several independent work-packages.

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