Energy internet, the future electricity system : overview, concept, model structure, and mechanism

Energy Internet, a futuristic evolution of electricity system, is conceptualized as an energy sharing network. Its features, such as plug-and-play mechanism, real-time bidirectional flow of energy, information, and money can lead to significant benefits and innovation in electricity production and u...

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Main Authors: Joseph, Akhil, Balachandra, Patil
Other Authors: Experimental Power Grid Centre
Format: Journal Article
Language:English
Published: 2021
Subjects:
Online Access:https://hdl.handle.net/10356/146282
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author Joseph, Akhil
Balachandra, Patil
author2 Experimental Power Grid Centre
author_facet Experimental Power Grid Centre
Joseph, Akhil
Balachandra, Patil
author_sort Joseph, Akhil
collection NTU
description Energy Internet, a futuristic evolution of electricity system, is conceptualized as an energy sharing network. Its features, such as plug-and-play mechanism, real-time bidirectional flow of energy, information, and money can lead to significant benefits and innovation in electricity production and utilization. Energy Internet integrates small-scale renewable energy systems, electric loads, storage devices, and electric vehicles for effective transaction of power backed by emerging technologies such as Internet of Things, vehicle-to-grid, and blockchain. At present, there is no scaled-up working model of Energy Internet, and literature is scarce, which makes the research in this domain significant, novel, and timely. Given this, an attempt is made to develop the conceptual model of an Energy Internet, elaborate its structure and components, and discuss its operational principles. First, a comprehensive overview of Energy Internet is presented along with its aptness as a future evolution of electricity system. Second, concepts, architectures, and features that underpin Energy Internet are outlined. Third, concept of ‘Energy Intranet’ is introduced to denote the scaled-down version of Energy Internet, which embodies energy prosumers and local energy markets to form a local energy cluster. Finally, discussion is presented on the network structure of Energy Internet, relevance of emerging technologies and innovative operational mechanisms.
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spelling ntu-10356/1462822021-02-06T20:11:07Z Energy internet, the future electricity system : overview, concept, model structure, and mechanism Joseph, Akhil Balachandra, Patil Experimental Power Grid Centre Energy Research Institute @ NTU (ERI@N) Engineering::Electrical and electronic engineering Smart Grid Energy Internet Energy Internet, a futuristic evolution of electricity system, is conceptualized as an energy sharing network. Its features, such as plug-and-play mechanism, real-time bidirectional flow of energy, information, and money can lead to significant benefits and innovation in electricity production and utilization. Energy Internet integrates small-scale renewable energy systems, electric loads, storage devices, and electric vehicles for effective transaction of power backed by emerging technologies such as Internet of Things, vehicle-to-grid, and blockchain. At present, there is no scaled-up working model of Energy Internet, and literature is scarce, which makes the research in this domain significant, novel, and timely. Given this, an attempt is made to develop the conceptual model of an Energy Internet, elaborate its structure and components, and discuss its operational principles. First, a comprehensive overview of Energy Internet is presented along with its aptness as a future evolution of electricity system. Second, concepts, architectures, and features that underpin Energy Internet are outlined. Third, concept of ‘Energy Intranet’ is introduced to denote the scaled-down version of Energy Internet, which embodies energy prosumers and local energy markets to form a local energy cluster. Finally, discussion is presented on the network structure of Energy Internet, relevance of emerging technologies and innovative operational mechanisms. Nanyang Technological University Published version The authors would like to thank Experimental Power Grid Centre (EPGC), Energy ResearchInstitute @ NTU, Singapore, for the financial support 2021-02-05T01:56:57Z 2021-02-05T01:56:57Z 2020 Journal Article Joseph, A., & Balachandra, P. (2020). Energy Internet, the Future Electricity System: Overview, Concept, Model Structure, and Mechanism. Energies, 13(16), 4242-. doi:10.3390/en13164242 1996-1073 https://hdl.handle.net/10356/146282 10.3390/en13164242 2-s2.0-85090506730 6 13 en Energies © 2020 The Authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution(CC BY) license (http://creativecommons.org/licenses/by/4.0/). application/pdf
spellingShingle Engineering::Electrical and electronic engineering
Smart Grid
Energy Internet
Joseph, Akhil
Balachandra, Patil
Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title_full Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title_fullStr Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title_full_unstemmed Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title_short Energy internet, the future electricity system : overview, concept, model structure, and mechanism
title_sort energy internet the future electricity system overview concept model structure and mechanism
topic Engineering::Electrical and electronic engineering
Smart Grid
Energy Internet
url https://hdl.handle.net/10356/146282
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