Download or read book The Intersection of Blockchain and Energy Trading written by Sidique Gawusu and published by Elsevier. This book was released on 2024-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book A Practical Guide to Trading and Tracing for the Energy Blockchain written by Giuseppe Sciumè and published by Springer Nature. This book was released on 2022-05-07 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Blockchain in Energy written by Jan Veuger and published by CRC Press. This book was released on 2024-02-06 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Application of Blockchain Technology in Energy Trading written by Feba Sara Vinu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Blockchain Based Systems for the Modern Energy Grid written by Sanjeevikumar Padmanaban and published by Academic Press. This book was released on 2022-09-13 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Blockchain Based Smart Grids written by Miadreza Shafie-khah and published by Academic Press. This book was released on 2020-05-05 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Blockchain and Artificial Intelligence Technologies for Smart Energy Systems written by Hongjian Sun and published by CRC Press. This book was released on 2023-10-04 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Demand Side Peer to Peer Energy Trading written by Vahid Vahidinasab and published by Springer Nature. This book was released on 2023-08-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​Demand-Side Peer-to-Peer Energy Trading provides a comprehensive study of the latest developments in technology, protocols, implementation, and application of peer-to-peer and transactive energy concepts in energy systems and their role in worldwide energy evolution and decarbonization efforts. It presents practical aspects and approaches with evidence from applications to real-world energy systems through in-depth technical discussions, use cases, and examples. This multidisciplinary reference is suitable for researchers and industry stakeholders who focus on the field of energy systems and energy economics, as well as researchers and developers from different branches of engineering, energy, computer sciences, data, economic, and operation research fields.

Download or read book Introduction of blockchain into the commodity trading process written by Christoph Ulbig and published by diplom.de. This book was released on 2018-11-12 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Within the last years blockchain has become more in focus of the commodity trading sector because of its reputed potential. The characteristics of blockchain can be used to make it to an infrastructure technology. The trend toward the use of blockchain therefore furthers the optimization of the entire value chain and reduction of the friction costs within the trading process. To reduce friction costs and to make use of the characteristics of blockchain, the technology is being introduced as a radical innovation into the commodity trading value chain. The focus of this thesis is on the resulting effects on the value chain after implementation. The research is conducted in a qualitative way, with an inductive research approach. Data is collected in order to build the theory, and interviews are conducted using the Gioia methodology for data analysis. The findings indicate that the value chain as a source of competitive advantage is affected in an overall positive way for firms. Competitive advantage is supported by value-adding effects and cost reduction, which are both are enhanced through the use of blockchain. In addition, the results indicate that the competitive advantage of a company is also supported through power. The power that results from independence and control of data and information is enhanced by blockchain. It is therefore possible to conclude that the value chain of a company is positively affected by the radical innovation of blockchain. This leads to a greater competitive advantage for the company and positive performance in a competitive environment.

Download or read book Beyond the Grid Blockchain and Solar Power in Developing Contexts written by Herman Strange and published by Blockchain and Cryptocurrency Exposed. This book was released on 2023-05-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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!

Download or read book Blockchain Technology in the Energy Industry written by Bartek Mika and published by . This book was released on 2020-02-13 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Multi Grid Peer to Peer Energy Trading Agents using Blockchain Based Smart Contracts written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Innovation Landscape brief Blockchain written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2019-09-01 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: IRENA’s Innovation Landscape report highlights innovations in enabling technologies.

Download or read book Integration of Blockchain Components in the Electricity Balance Area Management written by Andrei Gladikov and published by . This book was released on 2019-04-04 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2019 in the subject Energy Sciences, grade: 1.8, University of Freiburg, language: English, abstract: This thesis is aimed to estimate the severity of recent balancing costs fallen onto balancing responsible parties (BRPs), the quality of forecast incentive, and prove a blockchain-based secondary flexibility market with quota mechanism of trading activation rights an efficient and economically viable tool for BRPs for offsetting schedule deviations at short notice. After developing a prosumer-enabled model which is system integrated complying with existing balancing management, various scenarios of deviations exchange are emulated. The focus of this work is set to justify the sufficiency of strategic value in blockchain technology as the market underlying infrastructure and as a complementary layer for the established data exchange platform. This thesis identifies blockchain benefits and regulatory challenges for synchronization of multiple flexibility providers, creating and managing deviations-conscious balancer communities, resulting in energy balancing costs reduction, enabling innovative business models and additional revenue streams for balancing groups. The increasing uncertainty of the power supply in Germany due to the surge in fluctuating renewable energy, power plant failures and accidental changes in consumption lead to the energy system imbalance. This not only threatens the system security, but also turns into financially punitive consequences for energy market players. Current market-based solutions and the German established data exchange platform with market rules 'MaBiS' do not foster a bottom-up collaboration in balancing groups to timely offset schedule deviations. The capability to modify and/or shift consumption of industrial or commercial end-customers as well as to adjust energy output of generation units gives a unique opportunity for organizing a shared platform for flexibility services exchange to mitigate

Download or read book Blockchain based Real time Energy trading Mechanism in a Microgrid written by 陳宣榕 and published by . This book was released on 2020 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Blockchains for Businesses written by Clinton G Bryan and published by Independently Published. This book was released on 2024-06-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Imagine a world where the very foundation of society is built upon the revolutionary backbone of blockchain technology. A future where every transaction, every exchange of value, and every record is secured and verified on a decentralized network. "Blockchains for Businesses" takes you on a captivating journey into this very world. Clinton G. Bryan invites you to explore a future where blockchain reigns supreme, reshaping industries and challenging traditional power structures. Discover the Power of Blockchain Across Various Sectors: Finance: Explore how blockchain is transforming financial services, from cryptocurrencies and decentralized finance (DeFi) to enhancing the efficiency and security of trade finance and cross-border payments. Healthcare: Learn about integrating blockchain in healthcare, improving patient data management, enhancing interoperability, and ensuring secure and transparent medical records. Real Estate: Understand how blockchain streamlines property transactions, reduces fraud, and enables fractional ownership and investment in real estate. Supply Chain Management: See how blockchain provides unprecedented transparency and traceability, reducing fraud, errors, and inefficiencies in supply chains. Energy Sector: Discover blockchain applications in energy trading, renewable energy certificates, and enhancing grid efficiency.

Download or read book Breaking the Stagnant Spell written by Adrienne Adjeleian and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The energy sector has experienced insignificant growth over the past few decades, despite the global shift towards renewable resources. As Blockchain technology and the IoT begin to disrupt multiple industries, utilities and individuals are both presented with the opportunity to capitalize on the fastest-growing energy source. Therefore, the purpose of this paper is to investigate the current pain points facing the solar power sector and discuss existing blockchain-based solutions to mitigate said issues.Approach: Online research and Internet-based resources were used to explore the potential use cases of blockchain to initiate the permanent shift of the energy industry towards renewable resources.Findings: The findings identified several blockchain-based applications such as smart metering, peer-to-peer trading, EV charging, renewable cryptocurrencies, wholesale trading and settlements, energy access, blockchain labs, and various decentralized energy applications. Results demonstrate the high potential for utility companies to benefit from this technology while also considering limitations of the applications.Discussion: It is likely to be over a decade before any significant progress is made in the renewable energy sector, which can be mainly attributed to the high cost of energy storage and the inability to conduct large-scale research-backed pilots. Value: There are several publications on blockchain and energy which focus on specific applications within the industry. This paper provides value through its comprehensive list of existing pain points in energy production, storage, and distribution, while also exploring the most prominent use-cases currently aiming to tackle these issues.