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Details of Grant 

EPSRC Reference: EP/S001778/1
Title: Street2Grid - An Electricity Blockchain Platform for P2P Energy Trading
Principal Investigator: Yang, Dr J
Other Investigators:
Researcher Co-Investigators:
Project Partners:
Arup Group Ltd Evergreen Smart Power National Grid
Nortech Management Ltd Scottish and Southern Energy (SSE) Scottish Power
SOREA State Grid Corporation of China UK Power Networks
University of Birmingham
Department: Sch of Engineering and Applied Science
Organisation: Aston University
Scheme: EPSRC Fellowship - NHFP
Starts: 29 June 2018 Ends: 28 June 2021 Value (£): 569,980
EPSRC Research Topic Classifications:
Energy Efficiency Sustainable Energy Networks
EPSRC Industrial Sector Classifications:
Energy
Related Grants:
Panel History:
Panel DatePanel NameOutcome
10 May 2018 EPSRC UKRI CL Innovation Fellowship Interview Panel 7 - 10 and 11 May 2018 Announced
Summary on Grant Application Form
The objective of the Fellowship is to create a new platform to identify millions of streams of power flows in the large-scope distribution network to enable the ambitious blockchain technology for the power industry, which is seen as a future trend with a growing number of distributed energy resources. I believe that the eventual peer-to-peer (P2P) electricity market can only be realised when individual transactions can be physically traced to enhance the transparency and reflect the actual usage of the network for correct billing.

This Fellowship questions the overlook of the present blockchain concept on the power grid infrastructure and proposes to analytically uncouple transactions from the usage of the physical medium for electricity transport. This Fellowship pushes the complex power systems (particularly distribution networks) analytics to its new limits by i) exploiting geographical information system with new distribution power flow tracing techniques with newly defined trait; ii) taking into account the mobility of distributed energy resources, e.g. electric vehicles, battery energy storage to flexible electricity trading from the physical constraint of the infrastructure; iii) using analytical, signal processing and chromatics methodology with smart metering data to improve power flow tracing performance especially for highly complicated distribution networks with microgrids and millions of nodes to represent all market participants; iv) developing a new tool as a fundamental layer of application programming interface to the future blockchain platform.

The outcome of this Fellowship will not only shed light on the fundamental barriers on the energy P2P sharing economy but will also lead to the rollout of blockchain in the energy sector by enabling substantial public engagement to realise "Decarbonisation, Deregulation, Decentralisation" via "Transactions, Transparency, Traceability, Time-stamped, Trust".
Key Findings
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Summary
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Organisation Website: http://www.aston.ac.uk