Research Area:  Blockchain Technology

Abstract:

   Integration of solar micro-generation capabilities in domestic contexts is on the rise, leading to the creation of prosumer communities who generate part of the energy they consume. Prosumer communities require a decentralized, transparent and immutable transaction system in order to extract value from their surplus energy generation and usage flexibility. The aim of this study is to develop frameworks and methods to create such a prosumer transaction system with self enforcing smart contracts to facilitate trading of energy assets such as electricity units, energy flexibility incentives and storage credits.
   Blockchain is a transparent, distributed ledger for consensus based transaction processing maintained by a network of peer nodes. Hyper-ledger Fabric is a blockchain platform that offers the added benefits of lower operating cost, faster transaction processing, user authentication based access control and support for self enforcing smart contracts.
   This thesis investigates the applicability of Hyper ledger Fabric to tokenize and transact energy assets in a unified transaction system.Data driven approaches to implement an incentive based energy flexibility system for peak mitigation on the blockchain are also investigated.

Name of the Researcher:  Nikita Karandikar

Name of the Supervisor(s):  Antorweep Chakravorty

Year of Completion:  2021

University:  University of Stavanger

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