Reviewing the opportunities, challenges, and future directions for the digitalization of energy

Baidya, Sanghita; Potdar, Vidyasagar; Ray, Partha Pratim; Nandi, Champa

doi:10.1016/j.erss.2021.102243

Cited by 74 publications

(16 citation statements)

References 139 publications

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“…According to Baidya et al (2021), smart technologies can effectively influence the activities of renewable energy sources. Therefore, the smart grid in the energy sector has a positive impact on the production and management of the ecological environment.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Energy Production on the Introduction of ICT and the Growth of AIC in Kazakhstan

Smagulova

Yermukhanbetova²,

Nurgaliyeva³

et al. 2023

IJEEP

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The presented work is devoted to the organization of the electric power industry and the agro-industrial complex of Kazakhstan. Here is given an economic analysis of the production capacity of the development of power plants. It is noted that more than 80% of electricity generation is carried out by coal-fired thermal power plants. Important attention is paid to the significant wear and tear of machinery and equipment at thermal power plants and state district power plants. The key focus of the work is on econometric modeling to identify patterns and quantify the impact of electricity production and digital farms on increasing agricultural production. The results of the regression model are substantiated using the applied statistical package EViews. A medium-term econometric forecast for the development of the agricultural sector is presented, considering the introduction of digital farms. Problems are revealed and measures to stimulate the construction of new energy facilities are considered. Also, proposals were made to enhance the use of investment projects of alternative energy sources in the country. At the same time, an important emphasis is considered at the level of enhanced development of ICT in the energy and agro-industrial complex. It has been established that the digitalization of the energy and agro-industrial complex sectors contributes to the economic growth of Kazakhstan.

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Section: Literature Reviewmentioning

confidence: 99%

The Impact of Energy Production on the Introduction of ICT and the Growth of AIC in Kazakhstan

Smagulova

Yermukhanbetova²,

Nurgaliyeva³

et al. 2023

IJEEP

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“…Traditional ways of monitoring grids and metering are fading rapidly due to their inefficiency in power distribution, cost, fault, and difficulty in handling. Blockchain can play a vital role in smart grids to establish a new trade infrastructure within a grid (Baidya et al, 2021;Tahir et al, 2022). In an ideal world, the use of blockchain would allow parties, consumers, and prosumers to exchange power with one another in a peer-to-peer manner without the need for any other party to ensure transparency.…”

Section: Blockchain In Energy Monitoringmentioning

confidence: 99%

Implementation of a smart energy meter using blockchain and Internet of Things: A step toward energy conservation

et al. 2022

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The looming energy crisis is affecting every sector of the world. The dire need to conserve energy has compelled researchers to bring automation to the power sector. The conservation of energy is one of the biggest challenges Third-World countries are facing in general and in Europe due to the Russian–Ukrainian war. There is a need to introduce such systems that can prevent energy loss and let users buy and sell excessive electricity they have. In the field of power and electricity, the Internet of Things (IoT) plays an active role in the conservation of energy. The new concept of smart grids is widely used for efficient transmission. The technique of blockchain can further reduce the wastage of energy and efficient consumption if it is used with smart grids. This article proposes a smart energy meter based on smart grids and blockchain. The proposed implementation is a demonstration containing a few microgrids, each with its very own blockchain. The users will use energy by making transactions, following the smart contracts. The focus is on the peer-to-peer transactions in a microgrid controlled by blockchain. The architectural design outcomes are a smart energy meter, a smart contract on the Ethereum blockchain, and an android application to monitor and control transactions and energy trade via smart contracts with other consumers.

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“…next-generation communications (5G and beyond) and quantum computing. The study [8] reviews emerging technologies (blockchain and IoT) and investigates how to improve the current power grid ecosystem for better monitoring services. It also states the importance of ICT in the future of modern power grids and markets.…”

Section: Introductionmentioning

confidence: 99%

Designing Secure Digital Energy Platforms

Cali¹,

Dynge²,

Idries³

et al. 2023

Preprint

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<p>The power system and markets have become increasingly complex along with an effort to digitalize the energy sector. Accessing flexibility services, in particular, through digital energy platforms, has enabled communication between multiple entities within the energy system and streamlined flexibility market operations. However, digitalizing these vast and complex systems introduces new cybersecurity and privacy concerns, which must be properly addressed during the design of the digital energy platform ecosystems. In this study, the potential and operation of digital flexibility platforms are reviewed, and a generic architecture with/without a combined distributed ledger technology framework is proposed. Finally, concerns about cybersecurity and privacy on digital energy platforms are discussed.</p>

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Reviewing the opportunities, challenges, and future directions for the digitalization of energy

Cited by 74 publications

References 139 publications

The Impact of Energy Production on the Introduction of ICT and the Growth of AIC in Kazakhstan

The Impact of Energy Production on the Introduction of ICT and the Growth of AIC in Kazakhstan

Implementation of a smart energy meter using blockchain and Internet of Things: A step toward energy conservation

Designing Secure Digital Energy Platforms

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