Energy Trading Framework Based on IoT and Digital Twin for Nanogrid Environment

The Internet of Things (IoT) has brought a significant revolution across various domains, such as healthcare and navigation systems, by introducing mission-critical capabilities. However, we argue that the full potential of IoT remains untapped in the energy sector. It has become essential to shift the paradigm of traditional mission-critical electric power architectures to IoT-enabled fully orchestrated architectures to enhance architecture performance by exploiting digital twin technology. In this study, we propose IoT-enabled task orchestration, specifically designed for efficient nanogrid energy trading operations. Network orchestration involves automating the interaction between multiple components to execute a specific service. The proposed architecture implements the entire nanogrid energy trading operation in a virtualized manner encompassing five main steps: (1) task generation (2) virtual object creation (3) task mapping (4) task scheduling and (5) task allocation and deployment. The performance of the proposed model is evaluated using a simulation data set from nanogrid houses. The results demonstrate that IoT task orchestration plays a pivotal role in efficient energy trading operations involving critical energy trading tasks.