UNIIEQ’s Post

I'm delighted to announce that our #article, titled "Singapore Local Energy Market Development Using Blockchain Enabled P2P Trading," has been published in the IEEE Xplore. It introduces a Local Energy Market (#LEM) using peer-to-peer (#p2p) energy trading to optimize distributed energy resources (#DERs). This #blockchain-based platform enables secure and transparent #p2p energy trading within a grid-connected power network. Participants with surplus #renewable energy, such as #solar PV, can trade with those facing energy deficits. In contrast to the business-as-usual (BAU) approach of feeding excess energy back to the grid or curtailing it, P2P trading through solar PV and #battery storage is cost-effective. The LEM aims to prevent power outages, promote rooftop solar PV installation, and encourage investment in DERs. By creating a marketplace for optimizing DERs, the LEM minimizes lost energy, provides financial incentives for renewable energy generation, and enhances savings and profits compared to BAU. Essentially, the LEM offers participants cheaper, greener, and more reliable energy, maximizing the profitability of solar PV investments. These benefits accelerate renewable energy deployment without relying on government incentives, facilitated by a low-energy, high-speed proprietary blockchain and microservice-based architecture for scalability and resilience. I'd like to extend my thanks to the dedicated team members at Powerledger, particularly Dr Jemma Green, Vivek Bhandari, PhD, PE, S.M. Muyeen, ANAND MENON, Sanjeevikumar Padmanaban, FIETE, FIE, FIET, SMIEEE, CEng. Imran Azim, and Jan Peters, for their valuable contributions and support throughout this research. Read the full article: https://lnkd.in/grUahztg https://lnkd.in/gUFt_sih #blockchain #p2p #lem #ders #retailers #network #energytrading #optimisation #powerledger

#Savala and #OuroEnergy, both supporters of DComm ecosystem, help drive the tokenization of real assets on blockchain networks, providing a secure, transparent, and efficient means of conducting transactions. Ouro Energy authenticates solar energy data for a transparent future. It bridges the gap in authenticated processes and technology for storing, verifying, and tracking solar energy data which fosters a more transparent and reliable renewable energy industry. It also offers traceable solar energy data which addresses the need for reliable data and the verification of carbon credits which in return promotes trust and accountability. This sets a benchmark for the industry, encouraging the adoption of #blockchain technology in renewable energy projects. This contributes to a projected increase in sustainable energy production. Savala is a platform that transforms graphite trading with Blockchain. It Integrates blockchain technology to provide unparalleled transparency and security. Savala focuses on sustainable and ethical sourcing of graphite, which is crucial for various high-tech applications, including lithium-ion batteries and renewable energy solutions. It offers a trusted platform for trading graphite, ensuring that investments are secure, transparent, and environmentally responsible. It keeps records of every transaction with impeccable accuracy, providing real-time tracking and assurance of data integrity. Savala enhances the reliability and efficiency of commodity trading, setting a new standard for ethical and transparent practices. It Contributes to a greener future, aligning financial returns with environmental responsibility and setting a precedent for other commodity markets. #RWAs #DComm

🔬 This week's research spotlight: Advancing Blockchain-based Smart Contracts in the Future Smart Grid! 🌐 Project Overview: Renewable, distributed, and micro (RDM) generators are ushering in a new era of clean energy. However, their intermittent and unpredictable power flows, coupled with interactions in real-time with each other and the carbon offsets market, pose challenges to voltage stability in power systems. The solution lies in orchestrating the flow of information, energy, and offsets between various parties in intricate patterns. To do this, a highly scalable IT fabric is essential, and smart contracts, implemented through permissioned blockchains (without the energy demands of Bitcoin), offer a promising foundation. 💻🔗 Investigating the Future: This groundbreaking project led by FES Principal Investigator Dr. Hao Liang delves into the properties of blockchain-based smart contracts for peer-to-peer power delivery. As the world harnesses the potential of smart contracts, Dr. Liang and his team aim to revolutionize the smart grid, enabling a more efficient, sustainable, and resilient energy future. Learn more about the project here: https://lnkd.in/gjgRNM3J #SmartGrid #Blockchain #CleanEnergy #ResearchSpotlight #FutureEnergySystems #FES #Innovation #Sustainability #RenewableEnergy #UofA #UAlberta

Unlocking the Future with the DComm Ecosystem! As blockchain technology evolves, Ouro Energy and Savala are leading innovative changes within the DComm ecosystem. Let's delve into their missions, integration with DComm, and their potential impact on their industries. Ouro Energy: Mission and Objectives Ouro Energy aims to bring transparency, reliability, and trust to the renewable energy sector. By securely storing solar energy data on the blockchain, Ouro Energy ensures accurate data verification, and supports carbon credit trading. Savala: Mission and Objectives Savala revolutionizes real estate through RWA tokenization, enabling fractional ownership and transparent transactions. This democratizes investment, enhances market liquidity, and increases trust in property transactions. #Savala #Blockchain Integration with DComm: Both projects utilize the DComm Blockchain for secure data storage and transaction transparency. Ouro Energy ensures tamper-proof solar data, while Savala provides a clear, auditable trail of real estate ownership and transactions. #DComm 🌍 Impact on Renewable Energy: Ouro Energy promotes efficient, transparent energy markets, fair carbon credit allocation, and investment in top solar farms, accelerating renewable energy adoption. #OuroEnergy #Sustainability Impact on Real Estate: Savala democratizes real estate investment, enhances liquidity, and transforms property transactions, making the market more accessible and efficient. #Savala #RealEstate Together, Ouro Energy and Savala showcase blockchain's transformative potential in renewable energy and real estate, setting a benchmark for innovation. Join us in advancing towards a decentralized, sustainable future! Share your thoughts below. #DComm #Blockchain #Future

As an Industrial Equipment manufacturer in the UNIIEQ community, you will gain:  - Exposure to buyers: Enhance product visibility among customers searching for industrial equipment.   - A competitive edge: Leverage metadata and use AI technology to generate leads.   - Product metrics: Access UNIIEQ’s product visibility feature to track your products and analyze performance over time. This will help you draw product insights to identify potential customers.   - Ease of information sharing: Publish equipment metadata details once and easily share among customers.   - Access to DAO governance participation: Utilize UNIIEQ tokens to present proposals and vote on changes to the metadata ecosystem.   - Collaboration opportunities: Foster valuable connections and explore new opportunities with organizations in your industry.  #UNIIEQ #enptechnologies #energy #oilandgas #blockchain #innovation   #industrialequipment #futureofenergy #manufacturing #digitaltransformation #energyinnovation #energytechnology 

What is UNIIEQ?   UNIIEQ was developed as a lasting solution to organize industrial equipment metadata. Its main objective is to streamline industrial equipment metadata, serving as a single source of truth across the entire value chain from manufacturing to logistics, supply, and retail.     UNIIEQ is not just about metadata management, it also unites a community of stakeholders from the energy industry to share knowledge, empowered by an ecosystem that allows for a seamless flow of information.     Visit the UNIIEQ website to learn more!    #UNIIEQ #enptechnologies #energy #oilandgas #blockchain #innovation   #industrialequipment #futureofenergy #manufacturing #digitaltransformation #energyinnovation #energytechnology 

Our paper "An Ethereum Oracle-Based Solution for P2P Energy Trading Market" with Roberto Tonelli, has been accepted to 20th IEEE International Conference on Green Computing and Communication(#GreenCom2024) held on August 19-22, 2024 in Copenhagen. We present an overview of the #P2Penergymarket and then analyzes the potential of #blockchain technology, highlighting how #Ethereum smart contracts and oracles can provide signif- icant support in energy trading and certification processes. By integrating data from smart meters through Ethereum oracles, we propose a basic starting theoretical framework for verifying renewable energy production, make transactions within the P2P market and use renewable energy credits within the real community. Preprint coming soon! #blockchain #energy #trading #certification

What is UNIIEQ?   UNIIEQ was developed as a lasting solution to organize industrial equipment metadata. Its main objective is to streamline industrial equipment metadata, serving as a single source of truth across the entire value chain from manufacturing to logistics, supply, and retail.     UNIIEQ is not just about metadata management, it also unites a community of stakeholders from the energy industry to share knowledge, empowered by an ecosystem that allows for a seamless flow of information.     Visit the UNIIEQ website to learn more!    #UNIIEQ #enptechnologies #energy #oilandgas #blockchain #innovation   #industrialequipment #futureofenergy #manufacturing #digitaltransformation #energyinnovation #energytechnology 

Inviting all Industrial Equipment manufacturers to join UNIIEQ helps industries of all sizes to find industrial equipment metadata & manufacturers. A complete ecosystem for industrial equipment manufacturers and buyers. #industrialequipment #energyinnovation #manufacturingindustries #energytransition #blockchain

Glad to announce that our #article titled "Integrating Forecasting Service and Gen2 Blockchain Into a Local Energy Trading Platform to Promote Sustainability Goals" is published in IEEE Access with DOI: 10.1109/ACCESS.2023.3347432. The paper introduces a novel local energy market (#lem) model utilizing second-generation #blockchain technology to enable peer-to-peer (#p2p) trading among various #participants, including #consumers, #prosumers with #solar PV systems, prosumers with solar PV and #battery energy storage systems (BESSs), and electric vehicles (#EVs). The LEM platform involves #forecasting, #bidding, #matchmaking, and execution steps, with blockchain storing #trading data for transparency. The simulation focuses on reducing energy #costs, improving #margins, and mitigating #grid #congestion through BESSs. Results indicate LEM benefits, including reduced #co2emissions, increased self-sufficiency, and improved financial outcomes. The study underscores the #secure and #costeffective nature of the proposed LEM platform in the distribution market. Thanks for the contributions and support of all co-authors and Powerledger team members, especially Dr Jemma Green, ANAND MENON, Vivek Bhandari, PhD, PE, S.M. Muyeen, Imran Azim, Nabin Babu Ojha, and Jan Peters. Read the full article: https://lnkd.in/gvCwVsNE #blockchain #p2p #lem #ders #retailers #network #energytrading #optimisation #casestudy #powerledger #battery #ev #emissionsreduction #secure #costeffective #co2emissions #forecasting #bidding #matchmaking #gen2