Blockchain-based energy trading for EV prosumers

Abstract

With the global energy transition and sustainable development, the electric vehicle market is expanding rapidly. Charging many EVs poses challenges to grid stability, such as load surges. EV prosumers, acting as both energy producers and consumers, can optimize energy usage, trade surplus electricity, and enhance grid stability. Blockchain technology provides support for energy transactions for electric vehicle producers, solving optimization problems and minimizing the peak power of the power grid by establishing the objective function to improve the stability of the power grid. The energy trading system for electric vehicles based on blockchain ensures the transparency and security of energy transactions. The proposed system paves the way for a sustainable and efficient energy ecosystem tailored to the growing demands of EV integration.