Empowering_the_Grid_The_Potential_of_Vehicle-to-Grid_Technology_compressed.pdf
Empowering_the_Grid_The_Potential_of_Vehicle-to-Grid_Technology_compressed.pdf
ElectroCap_final_pitch_deck.pdf
Developed and implemented an innovative Vehicle-to-Grid (V2G) solution integrated with blockchain technology to enhance energy distribution efficiency, stabilize power grids, and reduce energy costs for electric vehicle (EV) owners. This project addressed the challenges of integrating renewable energy sources, grid congestion, and the need for decentralized energy storage.
Our approach utilized machine learning (LSTM and RNN models) to forecast energy prices, consumption, and production, enabling intelligent management of EV charging. By optimizing the timing of charging and power injection into the grid, our algorithm allowed users to save between 6% to 50% on energy costs while helping stabilize the grid.
To ensure transparency and security, monetary transactions were conducted via blockchain technology (based on Ethereum), allowing for decentralized and seamless peer-to-peer energy trading.
Key benefits of the project included enhanced grid stability, reduced peak consumption periods, and significant savings for EV owners. This work also demonstrated the potential for applying the technology to microgrids, highlighting its scalability and adaptability for the future of decentralized energy systems.
Technologies.
V2G system.