Fundamental Studies of Smart Distributed Energy Resources along with Energy Blockchain

Abstract

This article studies the broad methodology and major application of smart distributed energy resources (DER) in terms of energy generation, consumption, transaction, and power scheduling. This article simplifies a general DER system into a generic type of integrated DER model. This model is used to investigate a smart DER system that transforms three input parameters, (3I parameters) into three critical output functions(3O functions); hence, the model is also called the 3I3O model. The power at a common connection joint can be enabled by a computer that makes computerized decisions to utilize smart DER. Therefore, the computer algorithm collects various data fed into a computer for deep learning and artificial intelligence (AI) decision making. The authors demonstrate important results and the best solutions to meet power demand, offer an economic advantage and have a low carbon footprint for consumers. Moreover, several network blockchain options are discussed. EBC and DER represent an ideal combination with advantages in managing exergy through so-called intelligent power technology. This technology is discussed in detail and includes special hardware, software, and a broad set of computerized intelligence. Finally, the exergy that can possibly be achieved for smart DER systems is discussed.