DESC:SYSTEM FOR INTEGRATING RENEWABLE ENERGY SOURCES AND ELECTRIC VEHICLES USING A BLOCKCHAIN NETWORK
CROSS REFERENCE TO RELATED APPLICTIONS
The present application claims priority from Indian Provisional Patent Application No. 202421020620 filed on 19/03/2024, the entirety of which is incorporated herein by a reference.
TECHNICAL FIELD
The present disclosure generally relates to energy management systems. Further, the present disclosure particularly relates to a system for integrating renewable energy sources and electric vehicles for peer-to-peer energy trading using a blockchain network.
BACKGROUND
Renewable energy sources have emerged as a viable alternative to conventional fossil fuel-based power generation due to environmental concerns and depleting natural resources. Utilization of renewable energy sources enables reduction in carbon emissions and dependence on centralized power grids. Various methods have been implemented to integrate renewable energy sources into power distribution networks. However, fluctuations in energy generation, dependency on weather conditions, and limitations in real-time energy availability introduce inefficiencies in energy utilization.
Energy trading mechanisms have been developed to facilitate the exchange of surplus energy among producers and consumers. Traditional energy trading relies on centralized entities that manage transactions, validate energy availability, and allocate energy to consumers based on predefined parameters. Such centralized energy trading methods encounter several challenges, including high operational costs, prolonged transaction validation periods, and susceptibility to cyber threats. Furthermore, centralized systems depend on intermediary entities for transaction processing, leading to inefficiencies in real-time energy allocation and increased dependency on grid infrastructure.
Decentralized energy trading frameworks have been introduced to address challenges associated with centralized systems. Peer-to-peer energy trading platforms enable direct transactions between energy producers and consumers without requiring intermediaries. Blockchain-based energy trading has gained attention due to the ability to record energy transactions securely within distributed ledgers. Smart contracts automate transaction validation and execution, assuring transparency and reliability in energy exchange. However, scalability limitations, computational overhead, and security vulnerabilities in encryption methods pose significant challenges in blockchain-based energy trading. Additionally, interoperability among different energy trading platforms remains a concern, restricting integration with existing grid infrastructure.
Energy tokenization has been explored as a method to enable fractional energy transactions and facilitate energy trading. Tokenized energy units represent quantifiable amounts of energy, allowing energy producers and consumers to trade energy efficiently. Tokenization enables differentiation of energy based on source type, providing flexibility in energy trading marketplaces. However, static categorization of tokenized energy limits adaptability to fluctuating energy availability. Challenges in integrating tokenized energy trading platforms with conventional energy distribution systems further hinder widespread adoption.
Security of energy transactions remains a concern due to risks associated with data breaches, unauthorized access, and fraudulent activities. Encryption techniques are employed to secure transaction data and authenticate trading entities. Asymmetric key encryption and cryptographic hashing are commonly utilized to safeguard transaction integrity. However, encryption mechanisms demand substantial computational resources, increasing transaction processing times. Conventional security frameworks lack adaptive mechanisms to optimize encryption levels based on transaction parameters, necessitating advanced security approaches to mitigate evolving cyber threats.
Energy storage has been implemented to address inconsistencies in energy availability and distribution. Stored energy is reallocated based on real-time demand variations to maintain grid stability and prevent energy shortages. However, energy storage mechanisms are constrained by limitations in storage capacity, conversion inefficiencies, and energy losses during retrieval. Dynamic load balancing strategies are required to optimize energy reallocation and minimize wastage. Conventional energy storage techniques often lack adaptive frameworks to accommodate real-time demand fluctuations, resulting in inefficiencies in energy distribution.
In light of the above discussion, there exists an urgent need for solutions that overcome the problems associated with conventional systems and techniques for integrating renewable energy sources with energy trading frameworks while addressing security, scalability, and efficiency challenges.
SUMMARY
The aim of the present disclosure is to provide a system to integrate the renewable energy sources and the electric vehicles for peer-to-peer energy trading using a blockchain network.
The present disclosure relates a system to integrate a renewable energy source and an electric vehicle, comprising an electric vehicle transmitting a transaction request for an energy exchange, wherein the transaction request comprises information related to the energy requirements of the electric vehicle. A renewable energy source provides energy availability information for the energy exchange. A blockchain network is operatively connected to a server, wherein the blockchain network records the transactions and facilitates energy trading. The server is operatively connected to the electric vehicle, the renewable energy source, and the blockchain network. The server receives the transaction request from the electric vehicle for the energy exchange with the renewable energy source and validates the energy exchange by recording the transaction in a distributed ledger within the blockchain network by applying smart contracts. The server tokenizes energy available from the renewable energy source into digital tokens, wherein the digital tokens are associated with the energy allocated for the transaction and enable energy trading within the blockchain network. The server facilitates peer-to-peer energy trading between the electric vehicle and the renewable energy source within the blockchain network using the generated tokens. The server adjusts the charging parameters of the electric vehicle, and the utilization parameters of the renewable energy source based on energy availability, grid conditions, and user-defined preferences. The server applies encryption techniques to secure energy transaction data and maintain confidentiality of user information. An energy trading interface is operatively connected to the server and the blockchain network, wherein the energy trading interface allows a user of the electric vehicle to track transaction details, manage charging preferences, and participate in energy trading activities.
Further, the server predicts an energy demand of the electric vehicle and a renewable energy generation from the renewable energy source using real-time contextual data selected from weather conditions and historical usage trends. The server enables optimization of energy trading by analyzing variations in energy availability and consumption trends. Such a prediction mechanism allows proactive energy allocation, reducing grid dependency and improving energy utilization efficiency. The use of real-time data enhances accuracy in energy demand forecasting, enabling the electric vehicle and the renewable energy source to optimize energy transactions dynamically.
Further, a load balancing unit is operatively connected to the server, wherein the load balancing unit staggers charging schedules of multiple electric vehicles to prevent a grid overload. The load balancing unit dynamically manages energy distribution by distributing charging operations over different time intervals to avoid excessive demand spikes. Such a mechanism enables efficient grid utilization and reduces stress on energy infrastructure, thereby promoting stable power distribution.
Further, the blockchain network validates transactions using a zero-knowledge proof technique to enhance privacy and security during energy trading. The zero-knowledge proof mechanism enables verification of transaction authenticity without revealing sensitive user information. Such a validation process protects user data from unauthorized access while maintaining transaction transparency. The use of zero-knowledge proof methods prevents fraudulent activities within energy trading networks.
Further, the server tokenizes surplus energy from the renewable energy source into fractional tokens to enable energy trading in smaller units to accommodate varying energy demands. Fractional tokenization allows energy transactions to be conducted in variable energy units, promoting efficient utilization of available resources. Such an approach affirms that even minor energy surpluses can be effectively traded within the blockchain network. The ability to trade energy in smaller units enables users to optimize energy usage according to consumption patterns while maintaining cost-effectiveness in energy exchange.
Further, the generated digital tokens are categorized based on the type of renewable energy source, with each category enabling differentiated trading in the energy marketplace. Categorization of digital tokens allows users to distinguish between various energy sources, facilitating selective energy trading based on energy generation preferences. Such differentiation promotes transparent energy transactions while enabling targeted trading mechanisms that align with user requirements. Classification of digital tokens improves market dynamics by providing users with energy type-specific trading options.
Further, the blockchain network applies asymmetric key encryption techniques to authenticate transaction requests and secure energy transaction data. Asymmetric encryption assures that only authorized entities can access transaction details, thereby preventing unauthorized data modifications. Such an encryption mechanism safeguards transaction integrity by assuring that energy trading records remain immutable and tamper-proof. Implementation of asymmetric key encryption within the blockchain network improves security and protects transaction records from cyber threats.
Further, surplus energy produced by the renewable energy source and energy obtained from the electric vehicle are stored in an energy storage system for redistribution during periods of high demand. The energy storage system enables optimized utilization of surplus energy by assuring the availability during critical energy demand periods. Such an approach maintains energy balance within the grid and minimizes energy wastage. Stored energy can be dynamically allocated to different consumers based on real-time energy demand conditions.
Further, the energy storage system reallocates stored energy to maintain a continuous energy supply for trading and grid stabilization based on real-time energy demand. Such a reallocation mechanism makes sure that energy trading operations remain uninterrupted by dynamically adjusting energy distribution patterns. Redistribution of stored energy contributes to stabilizing the energy grid, mitigating fluctuations in energy availability, and maintaining supply-demand equilibrium.
In another aspect, the present disclosure provides a method for integrating a renewable energy source and an electric vehicle, comprising receiving a transaction request for energy exchange between the electric vehicle and the renewable energy source through a blockchain network, wherein the transaction request comprises information related to the energy requirements of the electric vehicle and an energy availability from the renewable energy source. The received transaction request is executed by applying smart contracts within the blockchain network to validate energy exchange and record a transaction in a distributed ledger. Digital tokens are generated by tokenizing energy available from the renewable energy source, wherein the digital tokens are associated with the energy allocated for the transaction and enable peer-to-peer energy trading within an energy marketplace. The peer-to-peer energy trading is facilitated between the electric vehicle and the renewable energy source within the energy marketplace based on the generated tokens. The charging parameters of the electric vehicle and the utilization parameters of the renewable energy source are adjusted in response to availability of the energy, grid conditions, and user-defined preferences. Data encryption techniques are applied within the blockchain network to secure energy transaction data associated with peer-to-peer trading and maintain confidentiality of user information.
Further, the peer-to-peer energy trading is facilitated by forming localized energy clusters, with each cluster established based on geographical proximity and connectivity to the grid. The formation of energy clusters enables regional energy distribution by grouping consumers and producers within defined areas. Such an approach enhances energy exchange efficiency while minimizing transmission losses.
Further, adjustments to charging parameters of the electric vehicle comprise scheduling charging sessions to distribute energy demand between peak and off-peak hours. Such scheduling mechanisms allow efficient energy distribution by preventing excessive loads on power grids during peak consumption periods. The scheduled charging approach enables optimal grid utilization while minimizing energy costs associated with high-demand periods.
Further, a step of prioritizing allocation of energy flow is performed in response to critical grid conditions, including emergency load balancing and periods of peak energy demand. The prioritized allocation mechanism dynamically redirects energy flow based on grid stability requirements. Such an approach prevents system overloads and optimizes energy distribution to essential grid sections. Emergency load balancing mechanisms contribute to reliable energy availability while preventing blackouts and fluctuations in energy supply.
Further, a step of redistributing surplus energy from the renewable energy source to underutilized grid sections is performed to balance load and improve energy efficiency. Redistribution mechanisms dynamically adjust energy allocation based on demand variations, enabling efficient grid utilization. Such an approach allows surplus energy to be directed to low-demand areas, preventing wastage and maintaining energy supply continuity. Adaptive redistribution strategies enable optimal resource utilization, contributing to a more sustainable and balanced energy trading ecosystem.
BRIEF DESCRIPTION OF DRAWINGS
The summary above, as well as the following detailed description of illustrative embodiments, is better understood when read in conjunction with the appended drawings. For the purpose of illustrating the present disclosure, exemplary constructions of the disclosure are shown in the drawings. However, the present disclosure is not limited to specific methods and instrumentalities disclosed herein. Moreover, those in the art will understand that the drawings are not to scale. Wherever possible, like elements have been indicated by identical numbers.
Embodiments of the present disclosure will now be described, by way of example only, with reference to the following diagrams wherein:
FIG. 1 illustrates system 100 to integrate the renewable energy sources and the electric vehicles, in accordance with the embodiments of the present disclosure.
FIG. 2 illustrates a method 200 for integrating the renewable energy source 104 and the electric vehicle, in accordance with the embodiments of the present disclosure.
FIG. 3 illustrates a data flow diagram for integrating the renewable energy source and the electric vehicle, in accordance with the embodiments of the present disclosure.
FIG. 4 illustrates a use case diagram depicting interactions among an electric vehicle user, an energy provider, a server, a blockchain network, and an energy trading interface, in accordance with the embodiments of the present disclosure.
In the accompanying drawings, an underlined number is employed to represent an item over which the underlined number is positioned or an item to which the underlined number is adjacent. A non-underlined number relates to an item identified by a line linking the non-underlined number to the item. When a number is non-underlined and accompanied by an associated arrow, the non-underlined number is used to identify a general item at which the arrow is pointing.
DETAILED DESCRIPTION
The following detailed description illustrates embodiments of the present disclosure and ways in which they can be implemented. Although some modes of carrying out the present disclosure have been disclosed, those skilled in the art would recognise that other embodiments for carrying out or practising the present disclosure are also possible.
The description set forth below in connection with the appended drawings is intended as a description of certain embodiments of system to integrate the renewable energy sources and the electric vehicles and is not intended to represent the only forms that may be developed or utilised. The description sets forth the various structures and/or functions in connection with the illustrated embodiments; however, it is to be understood that the disclosed embodiments are merely exemplary of the disclosure that may be embodied in various and alternative forms. The figures are not necessarily to scale; some features may be exaggerated or minimised to show details of particular components. Therefore, specific structural and functional details disclosed herein are not to be interpreted as limiting, but merely as a representative basis for teaching one skilled in the art to variously employ the present invention.
While the disclosure is susceptible to various modifications and alternative forms, specific embodiment thereof has been shown by way of example in the drawings and will be described in detail below. It should be understood, however, that it is not intended to limit the disclosure to the particular forms disclosed, but on the contrary, the disclosure is to cover all modifications, equivalents, and alternatives falling within the scope of the disclosure.
In the following detailed description of the embodiments of the disclosure, reference is made to the accompanying drawings, and which are shown by way of illustration specific embodiments in which the disclosure may be practiced. These embodiments are described in sufficient detail to enable those skilled in the art to practice the disclosure, and it is to be understood that other embodiments may be utilized and that changes may be made without departing from the scope of the present disclosure. The following description is, therefore, not to be taken in a limiting sense.
The present disclosure will be described herein below with reference to the accompanying drawings. In the following description, well known functions or constructions are not described in detail since they would obscure the description with unnecessary detail.
As used herein, the term "system" refers to an arrangement of interconnected components that work collectively to achieve a specific task related to energy exchange, energy storage, energy management, or energy trading. Such system incorporates various hardware and software elements that interact to facilitate the intended operations. The system may comprise one or more computational units, storage units, communication interfaces, sensors, actuators, or power management units. The system may be implemented in various fields, including industrial automation, smart grid management, electric mobility, decentralized power distribution, or peer-to-peer energy trading. In one example, the system may be an energy management system deployed in a smart grid to balance energy supply and demand dynamically. In another example, the system may be an electric vehicle charging system that optimizes charging schedules based on real-time grid conditions. The system may function as a centralized network-controlled entity or a distributed framework where multiple nodes participate in decision-making and operation execution. The system may be configured to operate autonomously based on pre-defined logic or in a user-assisted manner where human input is required for operation. Various communication technologies such as wired networks, wireless protocols, or hybrid communication infrastructures may be used within the system to facilitate real-time data exchange between the components. Power management strategies, including energy harvesting, energy conversion, and load balancing, may be implemented within the system to assure the effective utilization of available energy resources.
As used herein, the term "electric vehicle" refers to a vehicle that operates using electric energy as the primary power source. Such an electric vehicle may comprise one or more energy storage units, propulsion mechanisms, power electronics, and energy management systems. The electric vehicle may be powered by rechargeable batteries, fuel cells, or supercapacitors. The electric vehicle may comprise various configurations such as battery electric vehicles, plug-in hybrid electric vehicles, fuel-cell electric vehicles, or solar-powered electric vehicles. The propulsion system of the electric vehicle may comprise electric motors, inverters, regenerative braking mechanisms, and energy recovery systems. The electric vehicle may have multiple applications, including personal transport, public transportation, freight movement, or industrial logistics. Various charging methods such as conductive charging, inductive charging, or battery swapping may be used to replenish the energy storage unit of the electric vehicle. The electric vehicle may integrate smart connectivity features, allowing communication with charging stations, energy trading platforms, or fleet management systems. The electric vehicle may incorporate sensors and control units to monitor energy consumption, battery health, and real-time vehicle status. Examples of electric vehicles comprise battery-powered cars, electric motorcycles, electric bicycles, electric buses, and electric trucks.
As used herein, the term "renewable energy source" refers to an energy generation entity that derives power from naturally replenished resources. Such a renewable energy source may comprise solar energy, wind energy, hydro energy, geothermal energy, biomass energy, or ocean energy. The renewable energy source may be deployed in residential, commercial, or industrial settings for power generation. The renewable energy source may be integrated with an energy storage unit or a grid connection to balance variations in power generation. Examples of solar energy sources comprise photovoltaic panels, solar thermal systems, and concentrated solar power plants. Examples of wind energy sources comprise onshore wind farms and offshore wind turbines. Examples of hydro energy sources comprise run-of-the-river hydro plants, pumped-storage hydro plants, and tidal energy systems. The renewable energy source may comprise power conversion mechanisms such as inverters, rectifiers, or transformers to convert generated energy into usable electrical power. The renewable energy source may incorporate energy management techniques such as maximum power point tracking, grid synchronization, or adaptive load balancing to optimize power delivery. The renewable energy source may be part of a microgrid or a decentralized energy network, allowing localized energy generation and consumption.
As used herein, the term "blockchain network" refers to a decentralized or distributed ledger technology that records transactions in a secure and immutable manner. Such a blockchain network may comprise multiple nodes that participate in transaction validation, consensus mechanisms, and data storage. The blockchain network may be categorized as public, private, or consortium-based, depending on access control and participation criteria. The blockchain network may use various consensus mechanisms, including proof-of-work, proof-of-stake, delegated proof-of-stake, Byzantine fault tolerance, or proof-of-authority to validate transactions. The blockchain network may store data in blocks that are cryptographically linked to form a chain of historical records. The blockchain network may be implemented for various applications, including financial transactions, supply chain management, digital identity verification, or decentralized energy trading. The blockchain network may support smart contracts, which are self-executing code segments embedded within the ledger to automate transaction processing. Examples of blockchain networks comprise permissioned blockchains used in enterprise applications, public blockchains facilitating open transactions, and hybrid blockchains combining the benefits of both private and public ledger systems.
As used herein, the term "server" refers to a computational entity that processes requests, manages data, and executes application logic within a networked environment. Such a server may be implemented as a physical hardware unit, a virtualized computing instance, or a cloud-based service. The server may host databases, software applications, security modules, or machine learning algorithms to handle incoming requests and generate responses. The server may communicate with multiple client devices, sensors, or other computing systems over wired or wireless networks. The server may perform various computational tasks such as data processing, resource allocation, encryption, and user authentication. The server may support multiple operating systems, computing frameworks, and programming interfaces to facilitate interoperability. The server may comprise processing units, memory units, storage systems, and network interfaces to execute computing tasks efficiently. The server may be deployed in centralized data centers, edge computing environments, or distributed computing frameworks. Examples of servers comprise web servers handling user requests, application servers running enterprise applications, cloud servers hosting distributed applications, and decentralized servers supporting blockchain-based operations.
As used herein, the term "transaction request" refers to a digital or electronic communication transmitted between entities to initiate an operation. Such a transaction request may comprise parameters, metadata, or authentication details associated with the requested operation. The transaction request may be generated by an automated system, a user interface, or a machine-to-machine communication channel. The transaction request may be formatted using protocols such as JSON, XML, or binary-encoded formats. The transaction request may be validated using cryptographic techniques, authentication mechanisms, or rule-based logic before processing. The transaction request may be used in various domains, including financial transactions, data exchanges, energy trading, or access control. Examples of transaction requests comprise API requests sent to web services, energy trading requests submitted to blockchain networks, and sensor data submission requests transmitted to cloud analytics platforms.
As used herein, the term "energy trading interface" refers to a communication and interaction platform that enables entities to participate in energy-related transactions. Such an energy trading interface may provide functionalities for monitoring, managing, and executing energy trades in real-time. The energy trading interface may be implemented as a web-based platform, a mobile application, an embedded software system, or an interactive control panel. The energy trading interface may display real-time data, transaction histories, pricing information, or market trends to assist users in making informed decisions. The energy trading interface may integrate authentication mechanisms, security protocols, and data encryption to enable secure interactions between participants. The energy trading interface may support various transaction models, including bilateral trading, auction-based trading, or peer-to-peer trading. The energy trading interface may be customized based on user roles, regulatory compliance requirements, and market dynamics. Examples of energy trading interfaces comprise decentralized energy trading platforms, demand-response management systems, and smart grid monitoring dashboards.
FIG. 1 illustrates system 100 to integrate the renewable energy sources and the electric vehicles, in accordance with the embodiments of the present disclosure. The system 100 integrates an electric vehicle 102 with a renewable energy source 104 to facilitate energy exchange. The electric vehicle 102 transmits a transaction request for an energy exchange, wherein the transaction request comprises information related to the energy requirements of the electric vehicle 102. The electric vehicle 102 may be any electrically powered transportation device, including but not limited to a battery electric vehicle, a plug-in hybrid electric vehicle, a fuel-cell electric vehicle, or any mobility system that utilizes electric energy for propulsion. The electric vehicle 102 comprises an energy storage unit, a power distribution unit, a charging interface, a vehicle control unit, and a communication interface. The energy storage unit comprises rechargeable batteries, supercapacitors, or fuel cells, enabling energy storage and utilization for vehicle operation. The power distribution unit manages the allocation of stored energy to the electric motor based on real-time vehicle performance requirements. The charging interface enables the electric vehicle 102 to receive energy from external sources such as charging stations, power grids, or the renewable energy source 104. The vehicle control unit processes energy data, user inputs, and system parameters to optimize energy consumption. The communication interface establishes connectivity with external systems, including energy trading platforms, charging infrastructure, and grid management systems, through wired or wireless communication technologies such as Wi-Fi, Bluetooth, cellular networks, or vehicle-to-grid communication. The electric vehicle 102 generates the transaction request based on real-time battery status, anticipated driving range, user-defined charging preferences, and available energy exchange parameters. The transaction request comprises metadata such as battery charge level, required energy quantity, preferred energy source type, and time constraints for energy replenishment. The transaction request is transmitted through the communication interface to an external server 108 or energy trading platform for validation and processing. The electric vehicle 102 continuously monitors energy parameters and updates the transaction request dynamically based on real-time energy consumption patterns and grid conditions.
In an embodiment, the renewable energy source 104 provides energy availability information for the energy exchange. The renewable energy source 104 comprises an energy generation unit, an energy storage unit, a power conversion unit, and a communication interface. The energy generation unit produces electrical energy from renewable sources such as solar power, wind power, hydroelectric power, biomass energy, or geothermal energy. The solar power generation unit comprises photovoltaic cells that convert sunlight into electrical energy. The wind power generation unit consists of wind turbines that generate electricity through mechanical energy conversion. The hydroelectric power generation unit utilizes water flow to drive turbines connected to electrical generators. The biomass energy generation unit converts organic material into electrical energy through combustion or biochemical processes. The geothermal energy generation unit extracts heat from the subsurface of Earth and converts the extracted heat into electricity. The energy storage unit stores surplus energy generated by the renewable energy source 104 for later use. The energy storage unit comprises rechargeable battery banks, pumped hydro storage, compressed air energy storage, or thermal energy storage systems. The power conversion unit regulates the electrical characteristics of the generated energy to match the requirements of connected systems, including the electric vehicle 102, power grids, and distributed energy networks. The power conversion unit comprises inverters, rectifiers, transformers, and voltage regulation circuits to assure energy compatibility with end-use applications. The communication interface transmits real-time energy availability data, including generated energy capacity, stored energy levels, and energy distribution parameters, to external systems such as grid management platforms, energy trading networks, and electric vehicle 102 charging stations. The renewable energy source 104 dynamically adjusts energy supply parameters based on real-time demand, weather conditions, and system load profiles.
In an embodiment, the blockchain network 106 is operatively connected to the server 108, wherein the blockchain network 106 records the transactions and facilitates energy trading. The blockchain network 106 comprises a decentralized data ledger, validation nodes, smart contract execution units, and cryptographic security mechanisms. The decentralized data ledger stores transaction records in a distributed manner across multiple network nodes to prevent data tampering and unauthorized modifications. The validation nodes verify transaction authenticity and consensus within the network. The smart contract execution units process automated agreements for energy transactions based on predefined rules and parameters. The cryptographic security mechanisms comprise encryption, hashing, and digital signature verification to maintain transaction integrity and prevent fraudulent activities. The blockchain network 106 operates on a consensus mechanism such as proof-of-work, proof-of-stake, or delegated proof-of-stake to validate transactions. The blockchain network 106 enables peer-to-peer energy trading between entities such as the electric vehicle 102, the renewable energy source 104, grid operators, and decentralized power distribution networks. The blockchain network 106 records transaction details including energy quantity, transaction timestamp, source entity, destination entity, and applicable energy tariffs. The blockchain network 106 synchronizes with external data sources to integrate real-time energy availability, pricing information, and regulatory compliance parameters into transaction processing workflows. The blockchain network 106 supports interoperability with multiple energy trading platforms, allowing integration with existing grid infrastructures and decentralized energy exchange networks.
In an embodiment, the server 108 is operatively connected to the electric vehicle 102, the renewable energy source 104, and the blockchain network 106. The server 108 receives the transaction request from the electric vehicle 102 for the energy exchange with the renewable energy source 104. The server 108 validates the energy exchange and records the transaction in a distributed ledger within the blockchain network 106 by applying smart contracts. The server 108 tokenizes energy available from the renewable energy source 104 into digital tokens, wherein the digital tokens are associated with the energy allocated for the transaction and enable energy trading within the blockchain network 106. The server 108 facilitates peer-to-peer energy trading between the electric vehicle 102 and the renewable energy source 104 within the blockchain network 106 using the generated tokens. The server 108 adjusts the charging parameters of the electric vehicle 102 and the utilization parameters of the renewable energy source 104 based on energy availability, grid conditions, and user-defined preferences. The server 108 applies encryption techniques to secure energy transaction data and maintain confidentiality of user information. The server 108 comprises data processing units, transaction validation modules, security enforcement mechanisms, and network communication interfaces. The data processing units execute computational tasks related to energy demand prediction, load balancing, and dynamic energy pricing calculations. The transaction validation modules cross-verify transaction authenticity, energy source legitimacy, and compliance with predefined energy trading policies. The security enforcement mechanisms comprise authentication controls, access management protocols, and anomaly detection algorithms to prevent unauthorized access and fraudulent energy transactions. The network communication interfaces establish connectivity between the server 108, the electric vehicle 102, the renewable energy source 104, the blockchain network 106, and external regulatory authorities. The server 108 dynamically updates transaction records, energy trading policies, and system configurations based on evolving grid conditions, energy market trends, and policy regulations.
In an embodiment, the energy trading interface 110 is operatively connected to the server 108 and the blockchain network 106, wherein the energy trading interface 110 allows a user of the electric vehicle 102 to track transaction details, manage charging preferences, and participate in energy trading activities. The energy trading interface 110 comprises a graphical user interface, a transaction management system, a charging preference configuration panel, and a trading execution framework. The graphical user interface displays real-time transaction details, energy pricing trends, and market participation status. The transaction management system processes energy buy and sell orders submitted by users, grid operators, and decentralized energy exchange participants. The charging preference configuration panel allows users to set charging preferences based on cost optimization strategies, renewable energy utilization targets, and charging schedule constraints. The trading execution framework automates energy trading operations based on user-defined parameters, blockchain network 106 validation, and real-time grid conditions. The energy trading interface 110 supports multiple interaction modes, including web-based platforms, mobile applications, embedded vehicle dashboard interfaces, and voice-activated control systems. The energy trading interface 110 synchronizes with external regulatory compliance frameworks to enable adherence to market rules, tariff, and grid stability policies. The energy trading interface 110 dynamically updates transaction records, user preferences, and trading execution strategies based on market fluctuations, energy supply-demand dynamics, and user-defined automation rules.
In an embodiment, the server 108 may predict an energy demand of the electric vehicle 102 and a renewable energy generation from the renewable energy source 104 using real-time contextual data selected from weather conditions and historical usage trends. The server 108 collects and processes weather data, including temperature, humidity, wind speed, solar radiation, and precipitation, to assess the impact of environmental factors on renewable energy generation. The server 108 retrieves historical data on energy consumption patterns of the electric vehicle 102, including charging behavior, travel routes, and usage frequency, to estimate future energy demand. The server 108 accesses meteorological databases, on-site weather sensors, and third-party weather forecasting services to obtain accurate weather predictions. The server 108 correlates past energy consumption trends with forecasted weather conditions to dynamically adjust energy demand projections. The server 108 applies real-time energy consumption telemetry from the electric vehicle 102 to refine predictive models. The server 108 continuously updates energy demand forecasts based on new data inputs and changing environmental conditions. The server 108 generates an optimized energy allocation strategy to balance supply from the renewable energy source 104 with anticipated energy consumption of the electric vehicle 102. The server 108 synchronizes energy predictions with grid operators, energy markets, and charging infrastructure to facilitate proactive energy distribution planning. The server 108 adjusts energy dispatch schedules for the renewable energy source 104 based on variations in predicted generation capacity.
In an embodiment, the system 100 may further comprise a load balancing unit operatively connected to the server 108, wherein the load balancing unit staggers the charging schedules of multiple electric vehicles 102 to prevent a grid overload. The load balancing unit monitors real-time grid conditions, charging station availability, and cumulative charging demand of multiple electric vehicles 102. The load balancing unit assigns time slots for charging based on priority parameters such as battery charge level, required energy quantity, and user-defined scheduling preferences. The load balancing unit allocates available charging capacity in a distributed manner to prevent simultaneous high-power demand spikes. The load balancing unit dynamically adjusts charging schedules based on fluctuations in grid load, renewable energy availability, and peak demand periods. The load balancing unit coordinates with the server 108 to retrieve forecasted grid conditions and anticipated energy requirements of electric vehicles 102. The load balancing unit communicates with charging stations to regulate charging power output in response to real-time grid constraints. The load balancing unit applies grid congestion control measures by deferring low priority charging sessions during peak hours. The load balancing unit enables priority-based charging where emergency service vehicles or high-usage electric vehicles 102 receive prioritized energy allocation. The load balancing unit interacts with demand-response mechanisms to align electric vehicle 102 charging with off-peak energy availability.
In an embodiment, the blockchain network 106 may validate the transactions using a zero-knowledge proof technique to enhance privacy and security during energy trading. The blockchain network 106 applies cryptographic verification mechanisms to confirm transaction authenticity without disclosing sensitive user data. The blockchain network 106 generates cryptographic proofs that validate transaction correctness while preserving confidentiality of energy trading participants. The blockchain network 106 verifies energy trading transactions through mathematical proofs that confirm the validity of data without exposing specific transaction details. The blockchain network 106 utilizes zero-knowledge proofs to prevent unauthorized access to transaction metadata, including identities of the energy provider and recipient. The blockchain network 106 implements decentralized validation processes to prevent single points of failure and unauthorized data manipulation. The blockchain network 106 prevents double spending of digital tokens representing traded energy by verifying unique transaction identifiers within the distributed ledger. The blockchain network 106 enables secure peer-to-peer energy trading by making sure that energy allocation transactions are verified while maintaining privacy of market participants. The blockchain network 106 prevents fraudulent transactions by verifying the authenticity of digital token exchanges without revealing user-specific transaction data. The blockchain network 106 interacts with smart contract execution frameworks to automate validation processes using zero-knowledge proofs. The blockchain network 106 periodically updates cryptographic proof to maintain security compliance with evolving privacy standards.
In an embodiment, the server 108 may tokenize surplus energy from the renewable energy source 104 into fractional tokens to enable energy trading in smaller units to accommodate varying energy demands. The server 108 divides available energy into digital token units that correspond to predefined energy quantities. The server 108 assigns unique identifiers to each fractional token to enable traceability and accountability in energy trading. The server 108 distributes fractional energy tokens to market participants based on real-time energy demand and trading preferences. The server 108 allows partial energy transactions where users can trade fractional energy amounts instead of whole-unit transactions. The server 108 dynamically adjusts token allocation to match supply-demand conditions within the energy trading network. The server 108 enables users to accumulate or redeem fractional tokens based on energy consumption requirements. The server 108 records token transactions within the blockchain network 106 to establish a verifiable and tamper-resistant energy trading ledger. The server 108 synchronizes tokenized energy transactions with energy storage parameters to regulate distribution of stored renewable energy. The server 108 issues fractional energy tokens to electric vehicles 102 in response to requested energy transactions. The server 108 enables token redemption through smart contracts executed on the blockchain network 106. The server 108 assigns expiration parameters to fractional tokens to enable fair distribution of available renewable energy resources.
In an embodiment, the generated digital tokens may be categorized based on the type of renewable energy source 104, with each category enabling differentiated trading in the energy marketplace. The server 108 assigns classification attributes to digital tokens to specify the energy source from which the tokens originate. The server 108 differentiates digital tokens based on renewable energy categories including solar, wind, hydroelectric, geothermal, and biomass energy. The server 108 enables users to selectively trade energy tokens based on energy source preferences. The server 108 applies unique token attributes to facilitate regulatory compliance by distinguishing renewable energy categories within trading transactions. The server 108 enables grid operators and energy consumers to verify the origin of tokenized energy assets. The server 108 stores categorized digital token data within the blockchain network 106 to maintain a verifiable record of renewable energy transactions. The server 108 allows market participants to prioritize energy trading based on environmental impact, energy source reliability, or cost considerations. The server 108 integrates categorized token transactions with renewable energy certification frameworks to authenticate the origin of traded energy. The server 108 assigns price differentiation to categorized digital tokens based on energy market demand for specific renewable energy sources. The server 108 allows energy consumers to select energy supply sources based on categorized digital token specifications. The server 108 dynamically updates categorized token attributes based on renewable energy production trends and availability.
In an embodiment, the system 100 may apply asymmetric key encryption techniques within the blockchain network 106 to authenticate the transaction request and secure energy transaction data. The asymmetric key encryption techniques comprise a pair of cryptographic keys comprising a public key and a private key. The public key is shared with authorized entities for encrypting the transaction request, while the private key is retained by the intended recipient for decryption. The encryption process converts plaintext transaction data into ciphertext, preventing unauthorized access during transmission. The blockchain network 106 verifies the authenticity of each transaction request by cross-referencing the cryptographic signatures associated with the encrypted data. The authentication process involves validating digital certificates issued by a trusted certificate authority or a decentralized identity management system. The blockchain network 106 stores transaction records with cryptographic hash values, allowing verification of data integrity without exposing sensitive information. The asymmetric encryption process supports multiple cryptographic algorithms such as RSA, ECC, and ElGamal, depending on computational requirements and security constraints. The system 100 applies key management techniques such as key generation, distribution, rotation, and revocation to maintain the security of transaction requests. The system 100 integrates access control mechanisms, assuring that only authorized entities can decrypt and process transaction data. The system 100 implements encryption standards that align with industry security guidelines, safeguarding energy transaction records against unauthorized modifications or tampering. The system 100 dynamically updates encryption keys to mitigate risks associated with key exposure and unauthorized duplication.
In an embodiment, the system 100 may store surplus energy produced by the renewable energy source 104 and the energy obtained from the electric vehicle 102 in the energy storage system for redistribution during the periods of high demand. The energy storage system comprises various energy storage technologies such as lithium-ion batteries, flow batteries, compressed air energy storage, and flywheel energy storage. The system 100 dynamically allocates surplus energy to the energy storage system based on real-time generation levels and consumption patterns. The energy storage system captures excess electrical energy that would otherwise be unutilized. The energy storage system supports bidirectional energy flow, allowing energy retrieval when demand exceeds supply. The system 100 incorporates charge and discharge control mechanisms to regulate energy flow within the energy storage system. The system 100 monitors voltage levels, state of charge, and depth of discharge to prevent overcharging and premature degradation of storage units. The energy storage system interacts with the server 108 and the blockchain network 106 to record stored energy transactions and allocate energy based on predefined trading agreements. The energy storage system provides frequency regulation and peak shaving capabilities, balancing grid demand fluctuations. The system 100 implements energy management strategies to determine optimal charging and discharging schedules based on grid conditions, renewable energy availability, and user-defined constraints. The energy storage system communicates with external energy distribution networks, enabling decentralized energy trading and distribution.
In an embodiment, the system 100 may reallocate energy stored in the energy storage system to maintain continuous energy supply for the trading and grid stabilization based on a real-time energy demand. The system 100 continuously monitors grid demand fluctuations and determines the appropriate energy reallocation strategy to optimize energy distribution. The energy storage system supplies stored energy to connected loads, preventing energy shortages during peak consumption periods. The system 100 dynamically adjusts energy discharge rates to match demand variations, enabling stable grid operation. The energy storage system communicates with the server 108 to determine priority loads and allocate energy accordingly. The system 100 applies energy dispatch techniques such as load shifting, peak demand response, and real-time demand forecasting to optimize stored energy utilization. The blockchain network 106 records energy reallocation transactions, affirming transparency and accountability in energy distribution. The system 100 supports multi-tier energy allocation, prioritizing critical loads while distributing excess energy to less demanding applications. The system 100 synchronizes energy reallocation schedules with real-time weather forecasts and renewable energy production estimates, balancing energy supply across multiple sources. The system 100 integrates adaptive control strategies to modify energy reallocation rates based on market conditions, grid congestion levels, and contractual agreements. The energy storage system maintains energy reserves to compensate for sudden demand spikes and supply disruptions. The system 100 transmits energy availability data to participating entities, facilitating decentralized energy trading and cooperative grid stabilization efforts.
FIG. 2 illustrates a method 200 for integrating the renewable energy source 104 and the electric vehicle 102, in accordance with the embodiments of the present disclosure. At step 202, a transaction request for an energy exchange is received from the electric vehicle 102 through the blockchain network 106. The transaction request comprises information related to the energy requirements of the electric vehicle 102, including parameters such as battery charge level, required energy quantity, charging time constraints, and preferred energy source type. The transaction request further comprises energy availability information from the renewable energy source 104, indicating the amount of energy available for exchange, real-time energy generation status, and pricing details. The transaction request is transmitted to the server 108 for validation, authentication, and further processing within the blockchain network 106.
At step 204, the received transaction request is executed by applying smart contracts within the blockchain network 106 to validate the energy exchange. The smart contracts contain predefined rules for energy trading, including pricing mechanisms, transaction approval conditions, and energy allocation parameters. The blockchain network 106 verifies the authenticity of the transaction request by cross-referencing cryptographic signatures and digital certificates. The transaction request is compared against available energy supply from the renewable energy source 104, affirming that the requested energy quantity does not exceed the available capacity. The validation process comprises checking compliance with grid regulations, market constraints, and user-defined energy preferences. Upon successful validation, the smart contract authorizes the energy transaction, initiating the transfer of energy from the renewable energy source 104 to the electric vehicle 102.
At step 206, digital tokens are generated by tokenizing the energy available from the renewable energy source 104. The digital tokens represent quantifiable energy units allocated for the transaction and are stored within the blockchain network 106. The digital tokens are assigned a value based on real-time energy pricing, availability, and demand conditions. Each digital token corresponds to a specific amount of energy, allowing for fractional energy transactions based on user requirements. The blockchain network 106 issues the digital tokens to the electric vehicle 102, enabling energy trading without direct currency exchange. The server 108 manages the distribution, validation, and redemption of digital tokens to assure that energy transactions are executed accurately and securely.
At step 208, the peer-to-peer energy trading between the electric vehicle 102 and the renewable energy source 104 is facilitated using the generated digital tokens. The electric vehicle 102 utilizes the digital tokens to request energy from the renewable energy source 104 within the energy marketplace. The blockchain network 106 verifies token authenticity and matches energy requests with available supply. The transaction is recorded within the distributed ledger, preventing unauthorized modifications or disputes. The electric vehicle 102 receives energy from the renewable energy source 104, while the digital tokens are transferred to the renewable energy source 104 as proof of energy exchange. The peer-to-peer trading mechanism eliminates the need for intermediaries, allowing direct energy transactions between energy producers and consumers.
At step 210, the charging parameters of the electric vehicle 102 and the utilization parameters of the renewable energy source 104 are adjusted in response to energy availability, grid conditions, and user-defined preferences. The electric vehicle 102 dynamically modifies charging rates, optimizing energy consumption based on energy pricing fluctuations, time-of-use tariffs, and charging demand. The renewable energy source 104 regulates energy output to maintain stability in the energy exchange process, assuring that energy is supplied efficiently without exceeding grid limitations. The blockchain network 106 updates real-time energy transaction data, providing insights into energy demand trends and market conditions. The energy allocation process is optimized to balance energy distribution between multiple electric vehicles 102, preventing congestion or energy shortages within the system 100.
At step 212, data encryption techniques are applied within the blockchain network 106 to secure energy transaction data and maintain confidentiality. Asymmetric key encryption methods are utilized to authenticate energy transaction requests and prevent unauthorized access. The encryption techniques protect transaction details, including user credentials, energy pricing data, and digital token allocations. The blockchain network 106 implements cryptographic hashing to make sure that transaction records remain immutable and tamper-proof. The encryption techniques allow only authorized entities to access and process transaction data, safeguarding the integrity of the energy trading system 100. The encryption methods dynamically adapt to evolving security threats, preventing cyber-attacks and unauthorized modifications to energy transaction records.
In an embodiment, the method 200 may facilitate peer-to-peer energy trading by forming localized energy clusters, wherein each cluster is established based on geographical proximity and connectivity to the grid. The localized energy clusters comprise electric vehicles 102, renewable energy sources 104, energy storage systems , and grid infrastructure within a defined geographical area. The formation of localized energy clusters enables direct energy transactions among participating entities, minimizing energy transmission losses and reducing dependency on centralized grid systems. The blockchain network 106 manages energy transactions within each cluster, recording peer-to-peer trades and verifying energy availability. The server 108 dynamically updates cluster configurations based on real-time energy demand and supply conditions.
In an embodiment, the method 200 may comprise adjustments to the charging parameters of the electric vehicle 102, wherein scheduling of charging sessions is performed to distribute energy demand between peak and off-peak hours. The server 108 analyzes historical energy consumption trends, real-time grid conditions, and user-defined charging preferences to determine optimal charging time slots. The electric vehicle 102 transmits a charging request specifying preferred charging times, energy quantity, and pricing constraints. The server 108 processes the request and allocates charging schedules accordingly. The blockchain network 106 records scheduled charging sessions, enabling proper tracking and transaction validation. The energy storage system supports scheduled charging by providing stored energy during off-peak periods.
In an embodiment, the method 200 may prioritize the allocation of energy flow in response to critical grid conditions, including emergency load balancing and periods of peak energy demand. The server 108 continuously monitors grid parameters such as frequency fluctuations, voltage variations, and real-time energy consumption patterns to identify critical conditions. The blockchain network 106 processes priority-based energy allocation requests, assuring that essential loads receive uninterrupted power supply. The energy storage system discharges stored energy to compensate for short-term demand surges. The renewable energy source 104 dynamically adjusts energy output, stabilizing energy flow during emergency grid conditions. The energy trading interface 110 updates energy distribution parameters in real time.
In an embodiment, the method 200 may comprise redistributing surplus energy from the renewable energy source 104 to underutilized grid sections to balance load and improve energy efficiency. The server 108 identifies surplus energy availability based on real-time energy generation data and consumption patterns. The blockchain network 106 processes redistribution requests, authorizing energy transfers to grid sections experiencing low energy supply. The energy storage system temporarily stores surplus energy before distribution. The electric vehicle 102 participates in surplus energy redistribution by receiving additional energy for later use. The energy trading interface 110 provides real-time updates on redistribution transactions, optimizing decentralized energy utilization.
FIG. 3 illustrates a data flow diagram for integrating the renewable energy source (similar to the renewable energy source 104 of FIG. 1) and the electric vehicle (similar to the electric vehicle 102 of FIG. 1), in accordance with the embodiments of the present disclosure. The process begins with the electric vehicle submitting a transaction request for an energy exchange, where the transaction request includes energy requirements. The server (similar to the server 108 of FIG. 1) receives the transaction request, validates the request, and records the transaction. The renewable energy source provides energy availability data, which is also sent to the blockchain (similar to the blockchain 106 of FIG. 1) for further processing. The blockchain facilitates energy trading by tokenizing the available energy into digital tokens and recording the energy transactions in a distributed ledger. The blockchain also enables peer-to-peer trading between the electric vehicle and the renewable energy source. The energy trading interface interacts with the blockchain to track transaction details, manage charging preferences, and facilitate energy trading activities. The user accesses the energy trading interface to monitor transactions and manage preferences related to energy exchange. The server acts as an intermediary between the electric vehicle, the renewable energy source, the blockchain, and the energy trading interface, ensuring seamless communication and transaction validation.
FIG. 4 illustrates a use case diagram depicting interactions among an electric vehicle user, an energy provider (similar to the renewable energy source 104 of FIG. 1), a server (similar to the server 108 of FIG. 1), a blockchain network (similar to the blockchain 106 of FIG. 1), and an energy trading interface, in accordance with the embodiments of the present disclosure. The electric vehicle user sends a transaction request to the server and tracks energy trading through the trading interface. The server processes and secures the transaction while communicating with the blockchain network to manage transactions. The energy provider supplies energy for exchange, and the blockchain network records transactions and facilitates peer-to-peer energy trading. The trading interface enables user interaction, allowing the electric vehicle user to track transactions and manage energy preferences. The server serves as a central processing unit, validating transactions and ensuring secure data exchange between the electric vehicle, the energy provider, the blockchain network, and the trading interface.
In an embodiment, the electric vehicle 102 transmits a transaction request for an energy exchange, wherein the transaction request comprises information related to the energy requirements of the electric vehicle 102. The transaction request enables automated communication between the electric vehicle 102 and external energy management systems, reducing manual intervention. The transaction request contains parameters such as battery charge level, energy quantity, charging time constraints, and pricing preferences. The transmission of structured transaction data facilitates dynamic energy allocation and improves response time for charging operations. The electric vehicle 102 transmits the request through wired or wireless communication networks, allowing real-time connectivity with distributed energy resources.
In an embodiment, the renewable energy source 104 provides energy availability information for the energy exchange. The renewable energy source 104 continuously updates energy generation status based on weather conditions, real-time power output, and storage capacity. The availability information allows energy consumers to make informed decisions about energy purchases and consumption patterns. The renewable energy source 104 integrates with power management systems to balance energy generation and distribution. The availability information is transmitted to the blockchain network 106, allowing energy exchange participants to access real-time supply data. The system 100 dynamically adjusts energy allocation based on demand and grid conditions.
In an embodiment, the blockchain network 106 records transactions and facilitates energy trading. The blockchain network 106 maintains a distributed ledger that prevents unauthorized modifications to energy transaction data. The distributed ledger enhances traceability and accountability in energy exchanges. The blockchain network 106 enables decentralized verification of transactions, eliminating the need for intermediaries. The blockchain network 106 synchronizes transaction data across all participating nodes. The blockchain network 106 supports smart contract execution, automating energy trading based on predefined rules. The blockchain network 106 reduces transaction processing delays by eliminating centralized validation processes.
In an embodiment, the server 108 receives the transaction request from the electric vehicle 102 for the energy exchange with the renewable energy source 104. The server 108 processes the request by validating energy requirements, availability, and pricing constraints. The server 108 communicates with the blockchain network 106 to authorize the transaction before executing the energy exchange. The server 108 maintains historical transaction records for future analysis. The server 108 dynamically adjusts energy allocation based on real-time grid conditions.
In an embodiment, the server 108 validates the energy exchange and records the transaction in the blockchain network 106 using smart contracts. The validation process comprises verifying the authenticity of the energy source, transaction request parameters, and user credentials. The blockchain network 106 automatically updates transaction status once validation is complete. The server 108 communicates with external grid management systems to affirm energy availability before executing the transaction. The smart contract automates transaction approvals and energy allocation, reducing processing delays.
In an embodiment, the server 108 tokenizes energy available from the renewable energy source 104 into digital tokens. The digital tokens are generated based on available energy capacity and predefined pricing. The tokenization process enables fractional energy transactions, allowing users to trade smaller energy units. The blockchain network 106 securely stores and tracks digital tokens, preventing unauthorized duplication or tampering. The tokenized energy transactions allow decentralized peer-to-peer trading, improving accessibility to renewable energy resources.
In an embodiment, the server 108 facilitates peer-to-peer energy trading between the electric vehicle 102 and the renewable energy source 104 using the generated digital tokens. The peer-to-peer trading mechanism eliminates reliance on centralized intermediaries, allowing direct energy transactions between consumers and producers. The blockchain network 106 validates token transfers and records transaction details in the distributed ledger. The energy trading interface 110 allows users to initiate and track energy transactions in real time. The peer-to-peer energy trading framework supports dynamic pricing adjustments based on supply-demand fluctuations, optimizing energy utilization.
In an embodiment, the server 108 adjusts the charging parameters of the electric vehicle 102 and the utilization parameters of the renewable energy source 104 based on energy availability, grid conditions, and user-defined preferences. The electric vehicle 102 modifies charging schedules based on energy pricing fluctuations, optimizing charging costs. The renewable energy source 104 dynamically regulates energy output, enhancing stability in energy supply. The blockchain network 106 records updated charging parameters, maintaining transaction transparency. The server 108 synchronizes energy allocation with grid conditions, preventing overloading or energy shortages. The system 100 optimizes energy utilization by balancing supply and demand conditions.
In an embodiment, the server 108 applies encryption techniques to secure energy transaction data and maintain confidentiality. Asymmetric key encryption protects transaction requests, preventing unauthorized access. The blockchain network 106 implements cryptographic hashing to enable data integrity. The server 108 verifies digital signatures before processing energy transactions, assuring authentication of all entities. The encryption methods secure energy pricing information, transaction metadata, and token ownership records. The system 100 dynamically updates encryption keys to prevent unauthorized access to transaction data. The encryption techniques mitigate risks of data breaches, securing decentralized energy trading operations.
In an embodiment, the server 108 predicts energy demand of the electric vehicle 102 and renewable energy generation from the renewable energy source 104 using real-time contextual data. The prediction mechanism utilizes weather conditions, historical usage trends, and grid load patterns to estimate energy availability. The system 100 dynamically adjusts energy allocation based on forecasted supply-demand variations. The predictive analysis enhances charging efficiency and optimizes grid stability. The server 108 communicates predicted energy requirements to energy exchange participants, enabling proactive energy distribution. The blockchain network 106 records predictive analytics data, maintaining transparency in energy forecasting.
In an embodiment, the load balancing unit staggers the charging schedules of multiple electric vehicles 102 to prevent grid overload. The load balancing unit dynamically allocates charging slots based on grid capacity. The staggered charging mechanism prevents excessive energy draw, assuring grid stability. The blockchain network 106 records scheduled charging sessions, preventing transaction conflicts. The server 108 monitors charging demand trends and updates schedules accordingly. The energy trading interface 110 allows users to adjust charging schedules based on availability. The load balancing mechanism supports optimized grid utilization and prevents infrastructure strain.
In an embodiment, the blockchain network 106 validates energy transactions using a zero-knowledge proof technique. The validation process authenticates transactions without revealing sensitive data. The zero-knowledge proof mechanism prevents unauthorized data access while affirming transaction integrity. The blockchain network 106 processes validation requests through decentralized consensus mechanisms. The server 108 updates transaction status once validation is complete. The zero-knowledge proof validation supports secure peer-to-peer trading without compromising confidentiality. The blockchain network 106 maintains immutable transaction records, making sure transparency in energy exchanges. The encryption methods safeguard user information while enabling secure decentralized trading.
In the description of the present invention, it is also to be noted that, unless otherwise explicitly specified or limited, the terms “disposed,” “mounted,” and “connected” are to be construed broadly, and may for example be fixedly connected, detachably connected, or integrally connected, either mechanically or electrically. They may be connected directly or indirectly through intervening media, or they may be interconnected between two elements. The specific meaning of the above terms in the present invention can be understood in specific cases to those skilled in the art.
Modifications to embodiments and combination of different embodiments of the present disclosure described in the foregoing are possible without departing from the scope of the present disclosure as defined by the accompanying claims. Expressions such as “comprising”, “comprising”, “incorporating”, “have”, “is” used to describe and claim the present disclosure are intended to be construed in a non- exclusive manner, namely allowing for items, components or elements not explicitly described also to be present. Reference to the singular is also to be construed to relate to the plural where appropriate.
Although embodiments have been described with reference to a number of illustrative embodiments thereof, it should be understood that numerous other modifications and embodiments can be devised by those skilled in the art that will fall within the spirit and scope of the principles of this disclosure. More particularly, various variations and modifications are possible in the component parts and/or arrangements of the subject combination arrangement within the scope of the present disclosure, the drawings and the appended claims. In addition to variations and modifications in the component parts and/or arrangements, alternative uses will also be apparent to those skilled in the art.
,CLAIMS:WE CLAIM:
CLAIMS
1. A system 100 to integrate the renewable energy sources and the electric vehicles, comprising:
• an electric vehicle 102 configured to transmit a transaction request for an energy exchange, wherein the transaction request comprises information related to the energy requirements of the electric vehicle;
• a renewable energy source 104 configured to provide energy availability information for the energy exchange;
• a blockchain network 106 operatively connected to a server 108, wherein the blockchain network 106 enables recording of the transactions and facilitate energy trading;
• the server 108 operatively connected to the electric vehicle 102, the renewable energy source 104, and the blockchain network 106, wherein the server 108 is configured to:
o receive the transaction request from the electric vehicle 102 for the energy exchange with the renewable energy source 104;
o validate the energy exchange and record the transaction in a distributed ledger within the blockchain network 106 by applying the smart contracts;
o tokenize energy, available from the renewable energy source 104 into the digital tokens, wherein the digital tokens are associated with the energy allocated for the transaction and enabling the energy trading within the blockchain network 106;
o facilitate a peer-to-peer energy trading between the electric vehicle 102 and the renewable energy source 104 within the blockchain network 106 using the generated tokens;
o adjust the charging parameters of the electric vehicle 102 and the utilization parameters of the renewable energy source 104 based on an energy availability, the grid conditions, and the user-defined preferences; and
o apply the encryption techniques to secure energy transaction data and maintain confidentiality of user information;
an energy trading interface 110 operatively connected to the server 108 and the blockchain network 106, wherein the energy trading interface 110 is configured to allow a user of the electric vehicle 102 to track the transaction details, manage the charging preferences, and participate in the energy trading activities.
2. The system 100 as claimed in claim 1, wherein the server 108 is configured to predict an energy demand of the electric vehicle 102 and a renewable energy generation from the renewable energy source 104 using real-time contextual data selected from the weather conditions and the historical usage trends.
3. The system 100 as claimed in claim 1, further comprising a load balancing module operatively connected to the server 108, wherein the load balancing module staggers the charging schedules of the multiple electric vehicles 102 to prevent a grid overload.
4. The system 100 as claimed in claim 1, wherein the blockchain network 106 is configured to validate the transactions using a zero-knowledge proof technique to enhance privacy and security during the energy trading.
5. The system 100 as claimed in claim 1, wherein the server 108 is configured to tokenize the surplus energy from the renewable energy source 104 into the fractional tokens to enable energy trading in the smaller units to accommodate the varying energy demands.
6. The system 100 as claimed in claim 1, wherein the generated digital tokens are categorized based on the type of renewable energy source 104, with each category enabling a differentiated trading in the energy marketplace.
7. The system 100 as claimed in claim 1, further applies the asymmetric key encryption techniques within the blockchain network 106 to authenticate the transaction request and secure energy transaction data.
8. The system 100 as claimed in claim 1, further stores surplus energy produced by the renewable energy source 104 and the energy obtained from the electric vehicle 102 in the energy storage systems for redistribution during the periods of high demand.
9. The system 100 as claimed in claim 1, further reallocates energy stored in the energy storage systems to maintain continuous energy supply for the trading and grid stabilization based on a real-time energy demand.
10. A method 200 for integrating the renewable energy source 104 and the electric vehicle 102, comprising:
• receiving, a transaction request for energy exchange between the electric vehicle 102 and the renewable energy source 104 through the blockchain network 106, wherein the transaction request comprises information related to the energy requirements of the electric vehicle 102 and an energy availability from the renewable energy source 104;
• executing, the received transaction request by applying the smart contracts within the blockchain network 106 to validate exchange of the energy and record a transaction in a distributed ledger;
• generating, the digital tokens by tokenizing the energy available from the renewable energy source 104, the digital tokens being associated with the energy allocated for the transaction and enabling a peer-to-peer energy trading within an energy marketplace;
• facilitating, the peer-to-peer energy trading between the electric vehicle 102 and the renewable energy source 104 within the energy marketplace, based on the generated tokens;
• adjusting, the charging parameters of the electric vehicle 102 and the utilization parameters of the renewable energy source 104 in response to availability of the energy, the grid conditions, and the user-defined preferences; and
• applying, the data encryption techniques within the blockchain network 106 to secure energy transaction data associated with the peer-to-peer trading and maintain confidentiality of user information.
11. The method 200 as claimed in claim 10, wherein the peer-to-peer energy trading is facilitated by forming the localized energy clusters, with each cluster established based on a geographical proximity and a connectivity to the grid.
12. The method 200 as claimed in claim 10, wherein adjustments to the charging parameters of the electric vehicle 102 comprise scheduling the charging sessions to distribute an energy demand between the peak and off-peak hours.
13. The method 200 as claimed in claim 10, further comprising a step of prioritizing allocation of energy flow in response to the critical grid conditions, including emergency load balancing and the periods of peak energy demand.
14. The method 200 as claimed in claim 10, further comprising a step of redistributing a surplus energy from the renewable energy source 104 to the underutilized grid sections to balance load and enhance energy efficiency.