IoT Orchestration-Based Optimal Energy Cost Decision Mechanism with ESS Power Optimization for Peer-to-Peer Energy Trading in Nanogrid

The Internet of things has revolutionized various domains, such as healthcare and navigation systems, by introducing mission-critical capabilities. However, the untapped potential of IoT in the energy sector is a topic of contention. Shifting from traditional mission-critical electric smart grid systems to IoT-based orchestrated frameworks has become crucial to improve performance by leveraging IoT task orchestration technology. Energy trading cost and ESS power optimization have long been concerns in the scientific community. To address these issues, our proposed architecture consists of two primary modules: (1) a nanogrid energy trading cost and ESS power optimization strategy that utilizes particle swarm optimization (PSO), with two objective functions, and (2) an IoT-enabled task orchestration system designed for improved peer-to-peer nanogrid energy trading, incorporating virtual control through orchestration technology. We employ IoT sensors and Raspberry Pi-based Edge technology to virtually operate the entire nanogrid energy trading architecture, encompassing the aforementioned modules. IoT task orchestration automates the interaction between components for service execution, involving five main steps: task generation, device virtualization, task mapping, task scheduling, and task allocation and deployment. Evaluating the proposed model using a real dataset from nanogrid houses demonstrates the significant role of optimization in minimizing energy trading cost and optimizing ESS power utilization. Furthermore, the IoT orchestration results highlight the potential for virtual operation in significantly enhancing system performance.