A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint

Monish Mukherjee; D. Jonathan Sebastian-Cardenas; Sivasathya Pradha Balamurugan; Grant Johnson; Sri Nikhil Gupta Gourisetti; Sydni Credle; Dylan Cutler; Bishnu Bhattarai; Beverly Johnson

A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint

Monish Mukherjee, D. Jonathan Sebastian-Cardenas, Sivasathya Pradha Balamurugan, Grant Johnson, Sri Nikhil Gupta Gourisetti, Sydni Credle, Dylan Cutler, Bishnu Bhattarai, Beverly Johnson

Energy Security and Resilience Center

Research output: Contribution to conference › Paper

Abstract

As the number of distributed energy resources (DERs) continue to increase across energy-delivery systems, there remains a need for integrating their capabilities into traditional grid operations. In this paper, a blockchain-based solution is proposed to facilitate FERC's Order No. 2222 implementations. The presented use-case enables small-scale DERs to participate in wholesale market operations through DER aggregators, while also enabling local distribution system operators to enforce distribution system constraints in a secure and traceable manner. The presented use case is built around the Unified Testing Platform (UTP) being developed as a part of the Blockchain for Optimized Security and Energy Management (BLOSEM) project. This is a multi-lab effort intended to simplify the deployment of blockchain-powered grid solutions by enabling the integration of simulation tools, and blockchain technologies through the use of system-agnostic interfaces that provide a modular, interoperable, and reusable connectivity layer.

Original language	American English
Number of pages	8
State	Published - 2022
Event	2022 IEEE Power & Energy Society General Meeting - Denver, Colorado Duration: 17 Jul 2022 → 21 Jul 2022

Conference

Conference	2022 IEEE Power & Energy Society General Meeting
City	Denver, Colorado
Period	17/07/22 → 21/07/22

Bibliographical note

See NREL/CP-5R00-84973 for paper as published in proceedings

NREL Publication Number

NREL/CP-5R00-81410

Keywords

blockchain testing
co-simulation
market

Access to Document

https://www.nrel.gov/docs/fy22osti/81410.pdf

Cite this

Mukherjee, M., Sebastian-Cardenas, D. J., Balamurugan, S. P., Johnson, G., Gourisetti, S. N. G., Credle, S., Cutler, D., Bhattarai, B., & Johnson, B. (2022). A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint. Paper presented at 2022 IEEE Power & Energy Society General Meeting, Denver, Colorado. https://www.nrel.gov/docs/fy22osti/81410.pdf

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title = "A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint",

abstract = "As the number of distributed energy resources (DERs) continue to increase across energy-delivery systems, there remains a need for integrating their capabilities into traditional grid operations. In this paper, a blockchain-based solution is proposed to facilitate FERC's Order No. 2222 implementations. The presented use-case enables small-scale DERs to participate in wholesale market operations through DER aggregators, while also enabling local distribution system operators to enforce distribution system constraints in a secure and traceable manner. The presented use case is built around the Unified Testing Platform (UTP) being developed as a part of the Blockchain for Optimized Security and Energy Management (BLOSEM) project. This is a multi-lab effort intended to simplify the deployment of blockchain-powered grid solutions by enabling the integration of simulation tools, and blockchain technologies through the use of system-agnostic interfaces that provide a modular, interoperable, and reusable connectivity layer.",

keywords = "blockchain testing, co-simulation, market",

author = "Monish Mukherjee and Sebastian-Cardenas, {D. Jonathan} and Balamurugan, {Sivasathya Pradha} and Grant Johnson and Gourisetti, {Sri Nikhil Gupta} and Sydni Credle and Dylan Cutler and Bishnu Bhattarai and Beverly Johnson",

note = "See NREL/CP-5R00-84973 for paper as published in proceedings; 2022 IEEE Power & Energy Society General Meeting ; Conference date: 17-07-2022 Through 21-07-2022",

year = "2022",

language = "American English",

}

Mukherjee, M, Sebastian-Cardenas, DJ, Balamurugan, SP, Johnson, G, Gourisetti, SNG, Credle, S, Cutler, D, Bhattarai, B & Johnson, B 2022, 'A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint', Paper presented at 2022 IEEE Power & Energy Society General Meeting, Denver, Colorado, 17/07/22 - 21/07/22. <https://www.nrel.gov/docs/fy22osti/81410.pdf>

TY - CONF

T1 - A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint

AU - Mukherjee, Monish

AU - Sebastian-Cardenas, D. Jonathan

AU - Balamurugan, Sivasathya Pradha

AU - Johnson, Grant

AU - Gourisetti, Sri Nikhil Gupta

AU - Credle, Sydni

AU - Cutler, Dylan

AU - Bhattarai, Bishnu

AU - Johnson, Beverly

N1 - See NREL/CP-5R00-84973 for paper as published in proceedings

PY - 2022

Y1 - 2022

N2 - As the number of distributed energy resources (DERs) continue to increase across energy-delivery systems, there remains a need for integrating their capabilities into traditional grid operations. In this paper, a blockchain-based solution is proposed to facilitate FERC's Order No. 2222 implementations. The presented use-case enables small-scale DERs to participate in wholesale market operations through DER aggregators, while also enabling local distribution system operators to enforce distribution system constraints in a secure and traceable manner. The presented use case is built around the Unified Testing Platform (UTP) being developed as a part of the Blockchain for Optimized Security and Energy Management (BLOSEM) project. This is a multi-lab effort intended to simplify the deployment of blockchain-powered grid solutions by enabling the integration of simulation tools, and blockchain technologies through the use of system-agnostic interfaces that provide a modular, interoperable, and reusable connectivity layer.

AB - As the number of distributed energy resources (DERs) continue to increase across energy-delivery systems, there remains a need for integrating their capabilities into traditional grid operations. In this paper, a blockchain-based solution is proposed to facilitate FERC's Order No. 2222 implementations. The presented use-case enables small-scale DERs to participate in wholesale market operations through DER aggregators, while also enabling local distribution system operators to enforce distribution system constraints in a secure and traceable manner. The presented use case is built around the Unified Testing Platform (UTP) being developed as a part of the Blockchain for Optimized Security and Energy Management (BLOSEM) project. This is a multi-lab effort intended to simplify the deployment of blockchain-powered grid solutions by enabling the integration of simulation tools, and blockchain technologies through the use of system-agnostic interfaces that provide a modular, interoperable, and reusable connectivity layer.

KW - blockchain testing

KW - co-simulation

KW - market

M3 - Paper

T2 - 2022 IEEE Power & Energy Society General Meeting

Y2 - 17 July 2022 through 21 July 2022

ER -

A Blockchain Based Co-Simulation Framework for Integrating DERs to Wholesale Electricity Markets: Preprint

Abstract

Conference

Bibliographical note

NREL Publication Number

Keywords

Access to Document

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Cite this