A new energy trading model for virtual power plants based on blockchain

Wang, Xinyan; Zhang, Jing; Jia, Zheng Yuan; Hu, Anzi; Liu, Dong; Wu, Xiaoting

doi:10.1109/icesit53460.2021.9696896

Cited by 3 publications

(3 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In Yin et al, 93 a trading mode for VPPs is designed to solve the problems of multi‐layer coordination and lack of trust between market institutions, which has more studied the trading behavior of aggregators. A power energy transaction scheme under VPPs based on the Ethereum network‐based blockchain is proposed in Wang et al 94 In Wang et al, 95 a decentralized credit system is designed to simulate real‐world trust in blockchain‐based P2P energy trading. The decentralized credit system helps to implement a consensus algorithm for blockchain and an algorithm based on seller/buyer credit.…”

Section: Application Of Blockchain In Energy Tradingmentioning

confidence: 99%

Towards the net zero carbon future: A review of blockchain‐enabled peer‐to‐peer carbon trading

Parhamfar,

Sadeghkhani,

Adeli

2024

Energy Science & Engineering

View full text Add to dashboard Cite

The increasing trend of energy generation and management systems towards decentralized structures such as using renewable energy resources makes it necessary to use digital and smart platforms for exchanging information and even conducting financial transactions in a decentralized manner, known as the peer‐to‐peer model. The decentralized transaction verification of cryptocurrencies makes it possible to use these encrypted currencies and decentralized blockchain networks in energy management systems and carry out financial transactions related to carbon trading. Carbon and other greenhouse gas (GHG) emission trading systems reduce the competitiveness of fossil fuel projects in the market and accelerate investment in low‐carbon energy sources such as wind and photovoltaic power generation units. This market mechanism allows large entities such as countries and companies that emit GHGs into the atmosphere to buy and sell these gases. This paper reviews the blockchain solutions developed for carbon markets. Studies related to the design of smart contracts in the platform of blockchain are investigated. Special cryptocurrencies that are used in the field of green energy transactions and carbon trading are introduced. In addition, the application of artificial intelligence and game theory in energy trading is stated. The study of different blockchain frameworks for carbon trading shows that the use of decentralized platforms in carbon trading can have a significant impact on the trend towards low‐carbon measures and achieving the goals of the Kyoto Treaty, increasing the value of green cryptocurrencies and the volume of transactions. These technologies offer a promising avenue for creating a more decentralized, efficient, and environmentally conscious energy ecosystem.

show abstract

Section: Application Of Blockchain In Energy Tradingmentioning

confidence: 99%

Towards the net zero carbon future: A review of blockchain‐enabled peer‐to‐peer carbon trading

Parhamfar,

Sadeghkhani,

Adeli

2024

Energy Science & Engineering

View full text Add to dashboard Cite

show abstract

“…Estos documentos se presentan en la Tabla 2 junto con sus referencias bibliográficas, ordenadas cronológicamente por el año de publicación. [18], [19], [20], [21], [22], [23], [24], [25], [26], [27], [28] 2021 9 [29], [30], [31] [40], [41], [42] 2023 3 [43], [44], [45] Fuente: elaboración propia…”

Section: Evaluar La Calidad Del Estudiounclassified

Blockchain y las transacciones de energía eléctrica: una revisión de literatura

Barón Salazar,

Insuasti Portilla,

Medina Jurado

2024

RCTA

View full text Add to dashboard Cite

Blockchain, una estructura de datos que registra transacciones de manera segura y eficiente destaca el papel fundamental en la creación de plataformas descentralizadas. Esta tecnología emergente está transformando el panorama de la transacción de energía, mejorando la eficiencia, la fiabilidad y la sostenibilidad de los sistemas energéticos. En este estudio se llevó a cabo una Revisión Sistemática de la Literatura (RSL) centrada en las tecnologías empleadas en las transacciones de energía eléctrica. Se consultaron bases de datos especializadas, como Scopus, IEEE, ACM y Google Scholar. Se resalta el papel crucial de la tecnología Blockchain, la cual está siendo ampliamente adoptada gracias a su enfoque en la descentralización y su habilidad para establecer registros inalterables y transparentes. Se detectaron diversos elementos fundamentales en estas operaciones, tales como nodos, contratos inteligentes y algoritmos de optimización, que posibilitan el funcionamiento eficaz y descentralizado de la red, asegurando la seguridad y confiabilidad de las transacciones.

show abstract

“…Load aggregators and power companies upload interactive transaction information to the blockchain and use DSR coordination technology based on blockchain for trusted data-sharing. Current VPP research based on blockchain technology focuses mainly on the transaction mechanism [40][41][42][43][44], and is committed to deep integration of the bidding, delivery, and settlement of blockchain and VPPs. Seven [40] et al proposed a new P2P energy transaction scheme for VPPs using smart contracts in the Ethereum blockchain platform to solve both cost and security issues.…”

Section: Vpp Energy-trading Mechanism Based On Cross-chain Technologymentioning

confidence: 99%

Overview and prospect of information and communication technology development in virtual power plants

Wang

Bai

et al. 2022

Energy Conversion and Econom

View full text Add to dashboard Cite

As a new energy‐supply service solution to address massive, distributed energy access to the power system, a virtual power plant has higher transmission reliability and real‐time communication requirements. To achieve collaborative optimisation, distributed load and energy resources must be aggregated using new information and communication technology. This study analyses underlying communication technologies for virtual power plant interaction from the perspective of standardisation, efficiency, reliability, and security, summarises the application of blockchain, cloud‐edge collaboration, machine learning, and other new information and communication technologies in virtual power plant energy trading, interaction, and scheduling, and proposes ideas for addressing shortcomings in interaction. To improve virtual power plant interaction, performance parameter mapping between communication and business technology, and multilevel virtual power plant interaction technology are proposed.

show abstract

A new energy trading model for virtual power plants based on blockchain

Cited by 3 publications

References 6 publications

Towards the net zero carbon future: A review of blockchain‐enabled peer‐to‐peer carbon trading

Towards the net zero carbon future: A review of blockchain‐enabled peer‐to‐peer carbon trading

Blockchain y las transacciones de energía eléctrica: una revisión de literatura

Overview and prospect of information and communication technology development in virtual power plants

Contact Info

Product

Resources

About