Helibot – A Smart Distributed Energy Resources Platform for Futuristic Smart Grids

Abstract

The growth in distributed energy resources (DER) has produced positive impacts on energy grid systems. However, there are still significant challenges for deployment of DER systems. In this paper, we bring out the latest advancements in the domains of the internet of things (IoT), artificial intelligence, and distributed ledger technology in tandem to create the next generation of a smart, distributed, and efficacious energy management and trading system in Australia. The system is comprised of cost-effective and easy-to-assimilate IoT devices, e.g., smart sockets and inverters connected to existing devices or renewable energy sources, to formulate a mobile-friendly platform that provides the energy consumers with intuitive analytics, programmable control, and real-time energy monitoring and trading so as to assist them in improving their energy-efficiency.