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Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid
Bassam Zafar1, Sami Ben Slama2,3
1Information System Department, FCIT King Abdulaziz University, Jeddah 22254, Saudi Arabia.
Sensors (Basel, Switzerland)
|November 11, 2022
Summary
Blockchain technology enhances decentralized energy trading in Smart Grid 2.0, enabling peer-to-peer (P2P) energy sharing. This facilitates efficient resource use and consumer-centric power grid management.
Area of Science:
- Electrical Engineering
- Computer Science
- Energy Systems
Background:
- The concepts of Energy Internet (EI) and Smart Grid 2.0 (SG 2.0) aim to automate power grid operations.
- Transitioning to consumer-centric distributed power grid management requires new technological approaches.
Purpose of the Study:
- To review the decentralization of Smart Grid 2.0 using blockchain technology.
- To explore the application of blockchain and smart contracts in distributed power grid management.
- To examine the challenges and future directions of blockchain-based peer-to-peer (P2P) energy trading.
Main Methods:
- Literature review focusing on blockchain technology and its integration with smart grids.
- Analysis of blockchain's role in enhancing decentralization, transparency, and scalability.
- Examination of administrative and technical challenges in P2P energy trading.
Main Results:
- Blockchain technology can improve transparency, scalability, and reliability in P2P energy trading.
- Integration of blockchain facilitates the financial export of surplus energy from distributed energy resources (DERs).
- Blockchain offers a pathway for secure, decentralized, and scalable autonomous electric grids.
Conclusions:
- Blockchain is crucial for future smart grid activities, particularly in enabling decentralized energy trading.
- Addressing integration challenges is key to realizing the full potential of blockchain in autonomous electric grids.
- Further research is needed to resolve existing issues and explore future directions for P2P blockchain-based energy sharing.
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