What is the project about?

In light of the green transition and an increasing number of nation-state attacks on the Danish energy infrastructure, a more (cyber) resilient energy grid is needed.

The project partners will contribute to this by using IoT and web3 (blockchain) for microgrids to create a framework for transactive IoT where sensors, actuators, and edge devices engage securely and privately in automated energy management in a microgrid.

Moreover, emerging economic models, like regenerative finance, incentivize creating new tradeable green (carbon-offset) assets on a blockchain. In this way, smart grids and distributed microgrids promote distributed energy resources and enhance energy system resilience and efficiency. The project will address the limitations of IoT controlling electricity flows in the microgrid in terms of transaction validation latency, transaction throughput, and scalability.

The groundbreaking potential includes:

• Increased (cyber) resilience of the energy grid
• Novel, secure and private, protocols to incentivize and integrate smart homes in local energy management of the smart grid
• An increasing uptake of renewables
• A 4% reduction of power grid losses
• Adding smart homes to the ReFi economy
• Increased (cyber) resilience of the energy grid

The project is partly an application of work done in the project "Decentralized Carbon Market". The research is exploratory building up to a larger funding application with more consortia partners.

Project activities:

• Network Meetings with project stakeholders
• Technical Report on System Design in open access/open source

‍Host Institution(s):​

Aarhus University

Principal Investigator:​

Bas Spitters, Associate Professor

Partners:​

TBC

Grant:​

360.000 DKR

Project Period

19.3.24-31.12.24