Blockchain-technology in the energy industry: blockchain as a driver of the energy revolution? With focus on the situation in Germany

Mika, Bartek; Goudz, Alexander

doi:10.1007/s12667-020-00391-y

“…From the 27 consumers existing in the microgrid, the case study considers that only 11 are participating in the primary market as buyers (from buses 5, 8, 9,11,12,14,16,19,20,24,26), chosen mainly between the residences with high daily electricity demand. For each hour h, they can submit to the market two type of offers regarding the traded quantity: the entire hourly demand and forecasted values, multiple of 100 kW, as discussed in Section 3.2.…”

Section: The Primary Marketmentioning

confidence: 99%

New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

Neagu¹,

Ivanov²,

Grigoraș³

et al. 2020

Preprint

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The deregulated markets have replaced the traditional way of trading electricity from the producers to the consumer, via government-owned organizations and regulated tariffs. Nowadays, electricity prices are determined by the offer-demand mechanism and consumers can negotiate tariffs with their supplier of choice. For classic wholesale suppliers, the tariffs are a result of the transactions performed on the wholesale market and the energy mix available in certain geographical regions. In parallel with becoming eligible and participating in retail electricity markets, the consumers use increasingly local generation sources based mostly on renewable energy technologies such as PV panels, and become prosumers. They want to be able to sell back to the market the generation surplus, in order to obtain the maximum benefits from their initial investment. Currently, several trading mechanisms for prosumers are available, ranging from the simplest, selling back the surplus to an aggregator at fixed tariffs, to more complex market schemes. This paper proposed a two-tier local market model for prosumers and consumers connected in microgrids, based on the blockchain technologies and other technologies and concepts such as remote sensing, smart grids, crowdsourcing and energy poverty.

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“…Methodologies based on the remote sensing of the atmospheric conditions are the primary source of information for the development of numerical models that aim at supporting the planning and operation of an electric system with a substantial contribution of intermittent energy sources [49]. For local trading of such electricity surplus, the LEM operators consider the blockchain concept [11,12,16,28,29,40,41,48], or direct bilateral contracts [50,51]. These market models aim to provide secure and affordable energy supply for the end user, which is essential for the functioning of an economy in which energy poverty is reduced and the needs of vulnerable social groups are taken into account [52].…”

Section: Literature Reviewmentioning

confidence: 99%

“…From the 27 consumers existing in the microgrid, the case study considers that only 11 are participating in the primary market as buyers (from buses 5, 8, 9,11,12,14,16,19,20,24,26), chosen mainly between the residences with high daily electricity demand. For each hour h, they can submit to the market two type of offers regarding the traded quantity: the entire hourly demand and forecasted values, multiple of 100 kW, as discussed in Section 3.2.…”

Section: The Primary Marketmentioning

confidence: 99%

“…A review of renewable and sustainable energy published in [6] provides a systematic analysis of more than 140 blockchain research projects and startups in the energy sector, which span countries around the world. The electricity sector has a high potential to implement the blockchain technology as part of addressing several challenges [7], [8], [11], [12]:…”

Section: Introductionmentioning

confidence: 99%

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New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

Neagu¹,

Ivanov²,

Grigoraș³

et al. 2020

Preprint

0

View full text Add to dashboard Cite

The deregulated markets have replaced the traditional way of trading electricity from the producers to the consumer, via government-owned organizations and regulated tariffs. Nowadays, electricity prices are determined by the offer-demand mechanism and consumers can negotiate tariffs with their supplier of choice. For classic wholesale suppliers, the tariffs are a result of the transactions performed on the wholesale market and the energy mix available in certain geographical regions. In parallel with becoming eligible and participating in retail electricity markets, the consumers use increasingly local generation sources based mostly on renewable energy technologies such as PV panels, and become prosumers. They want to be able to sell back to the market the generation surplus, in order to obtain the maximum benefits from their initial investment. Currently, several trading mechanisms for prosumers are available, ranging from the simplest, selling back the surplus to an aggregator at fixed tariffs, to more complex market schemes. This paper proposed a two-tier local market model for prosumers and consumers connected in microgrids, based on the blockchain technologies and other technologies and concepts such as remote sensing, smart grids, crowdsourcing and energy poverty.

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“…Ghobakhloo and Fathi [42] performed a qualitative study of the existent digitalization literature to identify the roles of Industry 4.0 in energy sustainability, and identified that operating scenarios can be reshaped thanks to the use of more advanced and intelligent equipment. Works in [42][43][44][45][46] show how the use of modern digital technologies such as Big Data, blockchain, Artificial Intelligence (AI), Internet of Things (IoT), within energy industries facilitates the development of smarter energy grids and concepts that may offer more efficient and innovative approaches to energy use. AI, IoT, machine learning, blockchain, among others, are digital technologies that have been involved at different levels and stages of energy industry: resource modelling [47], production capacity prediction [48], economic load dispatch [49], demand-side response [50], maintenance management [51], integration of distributed energy resources [52,53], smart grids [54], among others.…”

Section: Introductionmentioning

confidence: 99%

Digital Transformation of Energy Companies: A Colombian Case Study

Giraldo¹,

Rotta²,

Nieto-Londoño

³

et al. 2021

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The United Nations established 17 Sustainable Development Goals (SDGs), and the fulfillment of the 7th, defined as “Ensure access to affordable, reliable, sustainable, and modern energy for all”, requires energy industry transitions and digital transformations, which implies that diverse stakeholders need to move fast to allow the growth of more flexible power systems. This paper contains the case report that addresses the commercial digital transformation process developed at AES Colombia, through the implementation of a modern platform based on specialized applications that use Industry 4.0 tools. The Chivor hydropower project, a 1000-MW powerplant that covers 6% of Colombia’s demand, which is owned by AES Colombia and constitutes its primary asset, is first described. Then, a description of Colombia’s complex market (energy matrix, trading and dispatch mechanisms, and future projects) is presented. Then, the methodology followed for the digital transformation process using modern tools is described. The project, conceived as a broad framework, comprises applications for the management of hydrological, operational, and market information, commercial information systems and platforms to facilitate consultation and analysis by different users. Such an innovative project in the Latin American context has been developed in order reduce risks and to contribute to a sustainable energy supply for the future.

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Blockchain-technology in the energy industry: blockchain as a driver of the energy revolution? With focus on the situation in Germany

Cited by 35 publications

References 10 publications

New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

Digital Transformation of Energy Companies: A Colombian Case Study

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