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The Intersection of Blockchain and Energy Trading

The Intersection of Blockchain and Energy Trading
Author: Sidique Gawusu
Publisher: Elsevier
Total Pages: 0
Release: 2024-11-01
Genre: Political Science
ISBN: 0443236283

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The Intersection of Blockchain and Energy Trading: Exploring Decentralized Solutions for Next-Generation Energy Markets equips readers with a practical understanding of the opportunities and challenges of this cutting-edge technology for the renewable energy markets of the future. Its multidisciplinary team of authors and editors provide a holistic guide to blockchain in energy markets, beginning with the fundamentals of energy trading and foundational principles of blockchain technology. Subsequent chapters demonstrate the applied opportunities for a variety of energy outcomes including renewable energy, decentralized energy, and electric vehicles. Essential use-cases such as demand response and ancillary services are covered, and the final chapters offer guidance on the impact of the technology for energy poverty and sustainability. Packed with models, case studies, and tools for implementation and practice, this book is an essential guide for researchers and professionals at the forefront of energy market innovation. Introduces readers to the fundamentals of this innovative technique and its benefits for the energy trading sector Provides clear and practical tools for the implementation of the technologies, from a multidisciplinary perspective Demonstrates the challenges and opportunities of blockchain in enabling renewable and sustainable energy


Beyond the Grid-Blockchain and Solar Power in Developing Contexts

Beyond the Grid-Blockchain and Solar Power in Developing Contexts
Author: Herman Strange
Publisher: Blockchain and Cryptocurrency Exposed
Total Pages: 0
Release: 2023-05-23
Genre:
ISBN: 9788985959407

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Introducing Beyond the Grid: Blockchain and Solar Power in Developing Contexts, a groundbreaking new book that explores the intersection of blockchain technology and solar power in the developing world. This thought-provoking work brings together cutting-edge research and case studies from around the globe to showcase how these two powerful innovations are driving sustainable development and transforming the lives of millions of people. As the world becomes increasingly aware of the need to shift to renewable energy sources, the role of solar power in the energy mix is more important than ever. However, despite the tremendous potential of solar energy to transform lives, the lack of reliable and efficient energy infrastructure in developing countries remains a significant barrier to progress. Fortunately, blockchain technology has emerged as a powerful tool for overcoming these challenges. Through its ability to create transparent and secure systems for energy exchange, blockchain has enabled the rapid expansion of decentralized solar power networks in the developing world. From rural communities in Africa to island nations in the Pacific, these innovative systems are providing clean and reliable energy to millions of people who previously lacked access. Beyond the Grid explores these groundbreaking developments in detail, taking readers on a journey through the real-world case studies and technical considerations that have made these initiatives a success. From the deployment of blockchain-based peer-to-peer energy trading platforms to the creation of solar energy microgrids, this book provides a comprehensive overview of the key drivers of the sustainable development revolution in the developing world. Drawing on the insights of leading experts in the field, Beyond the Grid provides a deep dive into the technical and economic considerations that underpin the success of these initiatives. Readers will learn how blockchain can be used to create secure and efficient energy exchange systems, how solar energy can be harnessed to drive economic growth and sustainable development, and how these two technologies can be combined to create innovative solutions for some of the world's most pressing challenges. Whether you are a professional in the energy or tech sector, an investor looking to support innovative new projects, or simply an individual interested in the potential of renewable energy to transform lives, Beyond the Grid is a must-read. So why wait? Pick up your copy today and discover how blockchain and solar power are driving sustainable development in the developing world!


Application of Blockchain Technology in Energy Trading

Application of Blockchain Technology in Energy Trading
Author: Feba Sara Vinu
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN:

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Energy traders and investors may need help with the process for various reasons. Therefore, technology can be used to streamline the process for all parties involved. Using blockchain in energy trading has the potential to transform the industry entirely.Research and discussion on the connection between centralised energy systems and climate change are quickly gaining popularity. Numerous potential solutions, including distributed energy resources (DERs), renewable energy sources, and blockchain-based peer-to-peer (P2P) energy trading, will undoubtedly be implemented for such a significant problem. This article will describe the platform, applications, and effects of using blockchain in energy trading.The energy sector must deal with significant issues like rising energy consumption, a failing environment, and rapidly changing technology. The blockchain solution has the potential to help, but it only sometimes solves these issues. Although Bitcoin miners and cryptocurrencies are frequently linked to the blockchain, this technology also applies to the transactive energy market.


A Practical Guide to Trading and Tracing for the Energy Blockchain

A Practical Guide to Trading and Tracing for the Energy Blockchain
Author: Giuseppe Sciumè
Publisher: Springer Nature
Total Pages: 178
Release: 2022-05-07
Genre: Technology & Engineering
ISBN: 3030966070

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This book discusses the main features, fundamental principles, and application areas of blockchain technology. It explains how this technology can contribute to the electricity market by enabling the implementation of new business models and new energy scenarios. The first chapter is an introductory section which covers the basic elements for framing the blockchain in the different application fields. The following chapters describe the various phases of the Italian electricity market and the players involved in each phase, the new business models and the main regulations; the features of blockchain that are useful for the energy system; and the integration of a blockchain platform for the execution of Demand Response events in an existing power grid. In the fifth chapter the results of the experimental implementation of the architecture described previously are presented, and in the final chapter the BloRin project is presented, which aims to create a blockchain-based platform for renewable energy deployment and energy exchange management. The volume targets graduate students, researchers and practitioners, and addresses the development of a new methodology for the implementation of energy services using blockchain technology, providing a guide in the blockchain area for the energy sector.


Blockchain-Based Systems for the Modern Energy Grid

Blockchain-Based Systems for the Modern Energy Grid
Author: Sanjeevikumar Padmanaban
Publisher: Academic Press
Total Pages: 348
Release: 2022-09-13
Genre: Science
ISBN: 0323918514

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Blockchain-Based Systems for a Paradigm Shift in the Energy Grid explores the technologies and tools to utilize blockchain for energy grids and assists professionals and researchers to find alternative solutions for the future of the energy sector. The focus of this globally edited book is on the application of blockchain technology and the balance between supply and demand for energy and where it is achievable. Looking at the integration of blockchain and how it will make the network resistant to any failure in sub-components, this book has very clearly explores the areas of energy sector that need in-depth study of Blockchain for expanding energy markets. Meeting the demands of energy by local trading, verifying use of green energy certificates and providing a greater understanding of smart energy grids and Blockchain use cases. Exhaustively exploring the use of Blockchain for energy, this reference useful for all those in the energy industry looking to avoid disruption in the grid and sustain and control successful flow of electricity. Methods and techniques of Blockchain-based trading and payments are included Provides process diagrams in techniques and balancing demand and supply Internet of Energy and its architecture for the future energy sector is explained


Blockchain in Energy

Blockchain in Energy
Author: Jan Veuger
Publisher: CRC Press
Total Pages: 145
Release: 2024-02-06
Genre: Computers
ISBN: 1040000819

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The global energy crisis is accelerating, and within Europe, the European Union (EU) is actively working to address this challenge through policy frameworks and political management. However, the energy market remains fiercely competitive, prompting us to explore alternative energy sources and rethink how we generate, distribute, and utilize power. This, in turn, raises questions about the allocation of power, energy availability, and usage in various contexts. Furthermore, the digital realm is undergoing rapid transformation across multiple sectors. Drawing on my expertise in blockchain technology, I recognize numerous opportunities to enhance the transparency and reliability of data related to energy issues. By leveraging blockchain, we can ensure that the information available is trustworthy and insightful for every user. The aim of this book is to share my knowledge in the realm of energy and blockchain. It addresses the urgency of addressing global energy challenges and acknowledges the pivotal role of the EU in this endeavor. It also highlights the intensity of competition in the energy market and the need for innovative approaches. The book also demonstrates how blockchain can contribute to solving these issues, empowering individuals and organizations with reliable information and insights in the field of energy and blockchain technology.


Blockchain and Artificial Intelligence Technologies for Smart Energy Systems

Blockchain and Artificial Intelligence Technologies for Smart Energy Systems
Author: Hongjian Sun
Publisher: CRC Press
Total Pages: 386
Release: 2023-10-04
Genre: Computers
ISBN: 1000965546

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Present energy systems are undergoing a radical transformation, driven by the urgent need to address the climate change crisis. At the same time, we are witnessing the sharp growth of energy data and a revolution of advanced technologies, with artificial intelligence (AI) and Blockchain emerging as two of the most transformative technologies of our time. The convergence of these two technologies has the potential to create a paradigm shift in the energy sector, enabling the development of smart energy systems that are more resilient, efficient, and sustainable. This book situates itself at the forefront of this paradigm shift, providing a timely and comprehensive guide to AI and Blockchain technologies in the energy system. Moving from an introduction to the basic concepts of smart energy systems, this book proceeds to examine the key challenges facing the energy system, and how AI and Blockchain can be used to address these challenges. Research examples are presented to showcase the role and impact of these new technologies, while the latest developed testbeds are summarised and explained to help researchers accelerate their development of these technologies. This book is an indispensable guide to the current changes in the energy system, being of particular use to industry professionals, from researchers to management, looking to stay ahead of technological developments.


Blockchain-Based Smart Grids

Blockchain-Based Smart Grids
Author: Miadreza Shafie-khah
Publisher: Academic Press
Total Pages: 232
Release: 2020-05-14
Genre: Science
ISBN: 0128178620

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Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage


Blockchain-Technology in the Energy Industry

Blockchain-Technology in the Energy Industry
Author: Bartek Mika
Publisher:
Total Pages: 114
Release: 2020-02-13
Genre:
ISBN:

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The expansion of renewable energy is rapidly increasing as part of the energy revolution. The structure of energy supply systems is becoming increasingly decentralized (decentralization). New players, such as prosumers, who generate and consume their own electricity, could establish themselves in the electricity market. However, due to their low capacity, prosumers are currently unable to participate economically in electricity trading. In particular, the increasing complexity of control and the load on the network infrastructure as well as the high requirements on data security, which are associated with the exchange of electricity and the associated electricity bills, require digitalization of the energy revolution (Energiewende 2.0). The aim of this book is to examine if the "blockchain as a driver of the energy revolution" for the development of new digital business models can contribute to the successful transformation of the energy system. Numerous statements from energy industry experts, study results and two surveys indicate that blockchain has high potential in the medium and long term to significantly impact the energy industry in the coming years. Blockchain technology promises economic value through its strengths such as disintermediation, security, transparency and automation. However, in addition to technical challenges such as the upcoming smart meter rollout, the smart meter gateway required for communication, and the compatibility between the smart metering systems and the blockchain, there are also legal and regulatory hurdles which make the use of the blockchain difficult in the short-term. By far the most widely discussed usage of blockchain in the energy sector is the peer-to-peer trading of decentralized electricity from renewable energies. Therefore, it was examined within the framework of a concept, whether there is a possibility for prosumers to participate economically in electricity trading, despite their low capacity. The results show that due to regulatory constraints such an implementation is only possible in form of a service model in which all areas of responsibility are transferred to a service provider (eg electricity supplier). An independently developed business model, which includes peer-to-peer trading based on a service, shows the required infrastructure, a detailed process description in the context of a business process map and one option to configure the blockchain.