Eniblock Platform

How blockchain enables electric vehicles to balance grid power loads

Blockchain Xdev in conjonction with IRT SystemX have federated renamed actors of the energy industry to build a decentralized energy marketplace using blockchain

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Supported by

Environmental concerns incentive the energy market to transition towards green energy & decentralized production

Consumers equipped with renewable energy production means, such as domestic solar panels, are able to sell their self-produced energy locally.

Renewable energy production and household consumption are variable by nature, and often do not match. With the emergence of new vehicle-to-grid (i.e. V2G) technologies, electric vehicles can help store and re-distribute energy smoothing energy balance on the grid.

Context

Expensive storage of locally produced green energy

Objective

Enable P2P automatic energy trading, to increase efficiency of local generated green energy

Main Challenges

  • Compliance with GDPR regulation
  • Ensure scalability
  • Minimize solution energy consumption

Blockchain benefits

Microtransactions

Reduced costs for micro-transactions, making possible instant settlement.

Automatic invoicing

Eniblock platform allows to automatically invoice transactions.

Secure payment

Blockchain based payment with Eniblock Secure.

Circular economy

Enabling short circuit energy markets to emerge.

This project demonstrates the benefits of blockchain technology in the implementation of a local energy trading solution integrating the electric vehicle

Kei Brousmiche

Head of R&D - Blockchain Xdev

Today’s challenges

P2P energy marketplaces are a first step towards effective re-allocation of energy, yet they have limitations:

  • EV owners can’t sell energy surplus to the power grid
  • Individual power producers have limited possibilities to sell their excess energy production
  • Energy aggregators have the obligation to buy back energy surplus, resulting in negative economic impact

On the road to redistribution

Our solution adds vehicle-to-blockchain capability to a decentralized local energy marketplace. This shifts the energy balance of individual electricity producers because storage capacity is added to the marketplace.

Charge and share

Economic incentives encourage behaviours that are beneficial to all:

  • EV owners are encouraged to store energy when renewable power production is high and later sell the surplus energy back to the grid. Eliminating intermittency of renewal power
  • EV drivers are invited to charge their batteries when demand is low, then give the surplus energy accumulated back to the grid during peak hours at higher prices.

As a result, the boosted power grid benefits to all:

  • EV owners get extra revenues by selling their accumulated energy to the grid;
  • Individual producers can sell their surplus energy to electric car owners, who have different energy needs;
  • Production & consumption balance is smoother, meaning that energy aggregators have less requirements to buy excess production;

Navigating around bumps and potholes

Key tackled challenges

  • V2G and local marketplace promotion​: via a playful demo, we highlighted the benefits of such capabilities for end-users, municipalities and the environment
  • Multi-agent simulation to assess economic viability​: to simulate the community with its households and EVs, we created a simulator based on the multi-agent paradigm, suited to distributed architectures such as Blockchain. The simulation performs an analysis of the economic gain provided by the solution in different scenarios (e.g. the number of EVs, their battery capacity, the number of households, etc.)