Smart Grid Optimization through V2G System and Blockchain Transactions
Eletrocap 2024Electrical and Computer Engineering, Instituto Superior Técnico, Lisboa
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Problem:
The current challenge in the electrical system lies in
efficiently integrating renewable energies due to
their intermittent nature. The transition faces
hurdles in the lack of efficient storage solutions,
with Electric Vehicles emerging as a potential answer.
Networks with diverse sources lack robust algorithms,
limiting their effectiveness. The rise in electric
vehicles without a comprehensive charging strategy
poses challenges to the grid. Additionally, the lack
of transparency in traditional energy transactions
often leads to high costs.
Current solutions:
Current solutions involve various stakeholders such as
citizens, businesses, energy consumers, electric
vehicle owners, energy producers, and grid operators
who rely on the power grid and participate in the
energy market.
Technologies:
Machine learning algorithms, load forecasting models,
optimization programming, control software, real-time
data analysis, scalable technology, Blockchain.
Area:
Energy Management, Grid Opimization and Market
Transactions
The ElectroCap pitch deck is a final presentation by the team, containing essential information about the project and the results achieved.
Welcome to our project documentation. Here you will find a detailed explanation of the code we have used in our project, making it easier to understand the project.
Part A - Machine Learning and Statistics
The focus of this section is in the analysis of data
and the creation of Machine Learning models to predict
energy and market dynamics, and determine optimal
transaction time.
Part B - Blockchain Transactions
This section is about creating conditions for secure
and verifiable transactions.
Part C - Mock-Up Construction
This part deals with creating a mock-up to visually
present our project. It will also include an interface
that allows the user to input their requirements and
simulate their energy usage and monetary gain.
Part D - Website and Marketing
Creation of the Website, promotional video and
updating the blog
Electrocap Demo Video
About Us
As third-year students pursuing Bachelor's degrees in Electrical and Computer Engineering at the esteemed Instituto Superior Técnico, we were tasked with developing an innovative project as part of our academic evaluation. This assignment marked the beginning of a challenging experience, motivated by the pursuit of innovative solutions to real-world challenges.
Diogo Faneco
Main Department - B & C
Duarte Santos
Main Department - A
Gonçalo Teixeira
Main Department - D
José Correia
Main Department - B & C
Rafael Rodrigues
Main Department - A
Samuel Figueiredo
Main Department - A