Fundamental Studies of Smart Distributed Energy Resources along with Energy Blockchain

Jin, A.J.; Li, C.; Su, Jun; Tan, Jin

doi:10.3390/en15218067

Cited by 3 publications

(2 citation statements)

References 40 publications

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“…When looking at how to develop the optimal transaction strategy for market entities remains to be further research, Jin et al (2022) design a differentiated optimal matching Blockchain excess trading with game theory strategy for energy consumers and producers, which can help energy users match the optimal transaction object and promote the consumption of nearby renewable energy. Bokkisam et al (2022) propose a P2P transaction method between prosumers and consumers with excess energy.…”

Section: Related Workmentioning

confidence: 99%

Trading excess consumption certificates on the blockchain using the cooperative game theory

Ergün

2023

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PurposeThe purpose of this study is to propose a decentralized multi-party cross-trading scheme based on a certificate transaction mechanism for the transaction of excess consumption certificates (ECCs) of renewable energy. The aim is to address the problems associated with the existing centralized transaction mode and to promote the development of the green electricity industry.Design/methodology/approachThe proposed scheme involves calculating the quotation difference for the same type of certificate transaction based on the quotations of all users of both buyers and sellers. The transaction volume is then determined based on the order of quotation difference from large to small, and the total interests of cooperation are calculated. The nucleolus method is adopted to allocate the total interests to each member of the alliance and calculate the final transaction price. The blockchain technology is used for the transaction to achieve accurate traceability and efficient supervision, and a corresponding smart contract is designed and simulated in the Ethereum consortium chain.FindingsThe results of the simulation show the rationality and effectiveness of the proposed scheme. The decentralized multi-party cross-trading scheme can overcome the problems associated with the existing centralized transaction mode, such as low transaction efficiency, difficulty in obtaining the optimal transaction strategy and efficient supervision. The proposed scheme can promote the development of the green electricity industry by stimulating users' demand potential for green electricity.Originality/valueThe proposed scheme is original in its use of a certificate transaction mechanism to facilitate the trading of ECCs of renewable energy. The scheme adopts a decentralized multi-party cross-trading approach that overcomes the problems associated with the existing centralized transaction mode. The use of the nucleolus method for the allocation of total interests to each member of the alliance is also original. Finally, the use of blockchain technology for accurate traceability and efficient supervision of the transaction is an original contribution to the field.

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Section: Related Workmentioning

confidence: 99%

Trading excess consumption certificates on the blockchain using the cooperative game theory

Ergün

2023

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“…Many researchers have discovered various scientific phenomena/data, and many studies have been reported [48][49][50][51][52][53][54] . Researchers have conducted investigations and have expanded the knowledge on this subject by referring to the results in the literature [55][56][57][58][59] .…”

Section: Energy Blockchainmentioning

confidence: 99%

Fundamental theory on multiple energy resources and related case studies

Jin

2023

Sci Rep

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Herein, I methodically optimize a distributed energy resource in terms of the production, management, utilization, and/or transaction of renewable energies during the deployment process. I deliver a theoretical mathematical model that allows users to visualize three critical output functions of their energy preference, including output power, energy economy, and carbon footprint. The model delivers three eigenstates derived by a power utility matrix (PUM) model. PUM transforms three-input parameters (3i) into three-output functions (3o) through 3i3o-transformation. It is ubiquitous, and its systematic characterization is discussed. Moreover, I discover a mathematical conversion relationship translating energy generation to carbon emissions. Various case-studies demonstrate the optimal energy resource utilization. Furthermore, an energy blockchain approach is employed for microgrid design, development, and carbon reduction. Finally, the authors demonstrate the energy–matter conversion relationship that improves carbon emissions for energy production, reducing the beta factor of carbon emissions to 0.22 kg/kilowatt hour for carbon peak and to zero for carbon neutrality.

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Integration of blockchain with artificial intelligence technologies in the energy sector: a systematic review

Al Shareef,

Seçkiner,

Eid

et al. 2024

Front. Energy Res.

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Recently, artificial intelligence (AI) and blockchain have become two of the most trending and disruptive technologies. Blockchain technology can automate payment in cryptocurrency and provide access to a shared ledger of data, transactions, and logs in a decentralized, secure, and trusted manner. In addition, with smart contracts, blockchain has the ability to govern interactions among participants with no intermediary or a trusted third party. AI, on the other hand, offers intelligence and decision-making capabilities to machines similar to humans. This review presents a detailed survey on blockchain and AI basics and features. This paper provides a review of the literature and a brief on the integration of blockchain and AI applications in multiple areas. We also identify some sole cases of blockchain–AI integration in the energy sector with current use cases. Eventually, we discuss research advantages and challenges associated with integrating blockchain with AI in the energy domain.

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Fundamental Studies of Smart Distributed Energy Resources along with Energy Blockchain

Cited by 3 publications

References 40 publications

Trading excess consumption certificates on the blockchain using the cooperative game theory

Trading excess consumption certificates on the blockchain using the cooperative game theory

Fundamental theory on multiple energy resources and related case studies

Integration of blockchain with artificial intelligence technologies in the energy sector: a systematic review

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