PoW Blockchain infrastructure as a novel approach to power system balancing

With the introduction of distributed generation, the power system faces new challenges related to the stability that may result in potential power outages and blackouts. New infrastructures, such as Blockchain Infrastructure (BCI), amplifies the impact on the power system stability by introducing si...

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Bibliographic Details
Published in2022 45th Jubilee International Convention on Information, Communication and Electronic Technology (MIPRO) pp. 77 - 82
Main Authors Ostheimer, I., Horvat, G., Vukobratovic, M., Bijelic, B., Balkic, Z.
Format Conference Proceeding
LanguageEnglish
Published Croatian Society MIPRO 23.05.2022
Subjects
Blockchain infrastructure
Blockchains
frequency restoration reserve
Hardware
modelling
Parameter estimation
Power demand
power system balancing
Power system stability
proof of work
Stability analysis
Technical requirements
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Summary:With the introduction of distributed generation, the power system faces new challenges related to the stability that may result in potential power outages and blackouts. New infrastructures, such as Blockchain Infrastructure (BCI), amplifies the impact on the power system stability by introducing significant power demand. Power system balancing techniques often include power reductions targeted at the customer side, presenting an unwanted effect for end users. Accordingly, this paper proposes a novel approach to providing power system balancing services by utilising a manageable BCI. To validate the balancing principle of BCI, research presented by this paper models BCI hardware by means of parameter identification, model proposal and scale-up to verify technical requirements for providing balancing services in the power system. By scale-up simulation and comparison with technical requirements, BCI fulfils fundamental requirements for providing balancing services. With integration of a control mechanism, a secondary, automatic frequency restoration reserve can be provided, improving power system stability and mitigating potential adverse effects of BCI's high energy usage.
ISSN:2623-8764
DOI:10.23919/MIPRO55190.2022.9803439