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Managing Energy Microgrids using Decentralized Structured Databases | Hedera18
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YouTube Video https://youtu.be/7-kLJxujBY0 Speaker Jiro Occolt | Director | Guard Global LTD Abstract Guard Global Ltd has developed a system to manage renewable energy microgrids by harnessing the power of Hedera Hashgraph DLT. The core of the system is a decentralised structured database to manage trustless interactions among interconnected members, across multiple microgrid mesh-networks. We have shown how the gossip protocol is able to handle the high speeds and volumes of transactions to cater for the demands of prosumers and consumers of renewable energy. Our aim is to extend the microgrid network across borders, thus accurate reporting and governance is a key factor in our success. Our approach is to leverage our structured data reporting capabilities to seamlessly report to various regulators and compliance agencies, as well as the microgrid stakeholders. Peer-to-peer energy trading among members will be possible via cryptocurrencies and/or fiat currency gateways.
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Managing Energy Microgrids using Decentralized Structured Databases | Hedera18
- OCT 2018 Decentralised Structured Database technology to manage energy microgrids Jiro Olcott Director, Guard Global Ltd Power Transition
- OCT 2018 Decentralised Structured Database technology to manage energy microgrids Jiro Olcott Director, Guard Global Ltd Power Transition
- US: Average energy per capita (kWh per person per year) • 12,071 kWh per person per year = 33 kWh per day (Wikipedia) o 33 cycles of your washing machine o Using a desktop computer for 132 hours o Using TV for 99 hours o Using your kettle 330 times Developed nations: Electricity, an unquenchable thirst! • 16 percent of the world's population (1.2 billion people) have no electricity o Trapped in poverty Crisis? What Crisis?
- • 2018, Hurricane Florence power outages top 890,000 households (USA Today) • 2011, Tohoku Earthquake (Fukushima disaster): 4.4 million homes without electricity (Science Direct) • 2017, 36.7 million people in U.S. affected by 3,526 reported power outages (Eaton Study) Vulnerability, Instability, Risks
- o Exposure to vulnerable infrastructure o Difficult to manage fluctuations in demand § Inefficient retrofits to national grids to cope o Tenuous procurement of energy from foreign sources o High running costs & prices rising Source: Statista 2018 Unidirectional Electricity Flow from Powerplants to End Consumer = High Risk, Unstable, Expensive, Polluting Average U.S. retail prices 1998 - 2017 by sector (in cents per kilowatt hour) Centralised Power Production = Inefficiency
- o Energy stability – Virtual Powerplants o Risk mitigation o Individual and community empowerment o Energy Cost Reduction – hardware costs falling o New investment grade business opportunities o Help nations achieve Sustainable Development Goals o Set pathway to inclusion o Democratisation of Energy Omnidirectional Electricity Generation, Storage and Consumption = Robust, Cheap, Safe Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 2 Prosumer/ Consumer Structured Data DB Node 3 Prosumer/ Consumer Structured Data DB Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data DB Node 6 We are Developing: Renewable Energy Microgrids
- High Performance Accurate, customisable reporting: Ø Financial Ø Non-Financial Ø Security Ø Governance Ø Stability Prerequisites of a successful DLT based renewable energy microgrid system
- Use Hedera Hashgraph DLT for Energy Microgrids: Ø Transactions Ø Payments Ø Reporting Implementation of Hedera Hashgraph DLT to manage energy microgrids
- Energy Producers Energy Consumers Layer 1 Transactions Payments £ Layer 3: Reporting Layer 2 Financial Settlements £ Payments 3 distinct layers of information management
- 1) 100% decentralised database architecture where each node manages all information simultaneously via consensus Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 2 Prosumer/ Consumer Structured Data DB Node 3 Prosumer/ Consumer Structured Data DB Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data DB Node 6 Prosumer/ Consumer Structured Data Node 1 Prosumer/ Consumer Structured Data Node 1 Prosumer/ Consumer Structured Data Node 2 Prosumer/ Consumer Structured Data Node 3 Prosumer/ Consumer Structured Data Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data Node 6 2) Interactions with central database occurs only after consensus among participants is reached, according to set of pre-determined rules. These Rules can be edited and evolved. 2 tiers of DLT Database Architectures 2 tiers of database architecture to suit operational needs
- 3 interactive/integrated layers: Energy Producers GridMetering Energy Consumers Metering Battery Storage Stakeholder Feedback Loop Mwh Tokenization Regulatory Triple Bottom Line API / Dapp Financial Non-Financial Smart Contracts API / Dapp Governance Community Stakeholders Cryptocurrency Fiat Gateway £ Cryptocurrency Wallets and/or Fiat Currency Gateway Peer-to-Peer Trading & Exchange Data Flow Structured Data Cryptocurrency/Fiat Counterparty Settlement Layer Accounts Natural Capitals solidity Cryptocurrency Fiat Gateway £ Transactions Financial Settlements Reporting High-level view of architectural stack for renewable energy microgrid
- Open Integration Bus AEROS controls software suite Management Dashboard : • IoT Ecosystem • Peer-2-Peer Trading Hedera Hashgraph DLT Passive House (Zero Carbon Footprint) Integration with Telecom Providers ØType 2 Metering ØIOT Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 2 Prosumer/ Consumer Structured Data DB Node 3 Prosumer/ Consumer Structured Data DB Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data DB Node 6 Collaboration at IoT level
- PowerOS Open Integration Bus AEROS controlssoftware suite Dashboard : • Virtual Power Plant management & control Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 2 Prosumer/ Consumer Structured Data DB Node 3 Prosumer/ Consumer Structured Data DB Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data DB Node 6 Telecom Providers Battery Storage Geothermal Wind HydroelectricSolar Hedera Hashgraph DLT PowerOS: Virtual Powerplants
- Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 1 Prosumer/ Consumer Structured Data DB Node 2 Prosumer/ Consumer Structured Data DB Node 3 Prosumer/ Consumer Structured Data DB Node 4 Prosumer/ Consumer Structured Data DB Node 5 Prosumer/ Consumer Structured Data DB Node 6 HEP & Geothermal Battery Storage (Virtual Powerplants) IoT SMART Homes & Communities Solar & Wind Telecom Peer-2-Peer Energy Trading PowerOS PowerTransition & Global Mesh-Network
- • Decentralised database • Node configurations and performance • User account creation • Energy production and consumption reporting • Analytics Live demos: Amazon AWS 12 x t2.mediums in mesh-network config
- Many Thanks! Jiro Olcott Director, Guard Global Ltd jiro.olcott@guardglobal.org
- Q&A Many Thanks! Jiro Olcott Director, Guard Global Ltd jiro.olcott@guardglobal.org
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