The intersection of blockchain and energy trading : exploring decentralized solutions for next-generation energy markets /

The Intersection of Blockchain and Energy Trading: Exploring Decentralized Solutions for Next-Generation Energy Markets equips readers with a practical understanding of the opportunities and challenges of this cutting-edge technology for the renewable energy markets of the future. Its multidisciplin...

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Библиографические подробности
Другие авторы: Gawusu, Sidique (Редактор), Ahmed, Abubakari (Редактор), Jamatutu, Seidu Abdulai (Редактор)
Формат: Электронный ресурс eКнига
Язык:английский
Опубликовано: Amsterdam, Netherlands : Elsevier, [2025]
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Online-ссылка:ScienceDirect
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Оглавление:
  • Front Cover
  • The Intersection of Blockchain and Energy Trading
  • Copyright Page
  • Contents
  • List of contributors
  • Preface
  • Acknowledgments
  • 1 Introduction
  • 1.1 Introduction
  • 1.2 Background
  • 1.3 Summary of the book chapters
  • References
  • 2 Understanding energy trading: market structure, key participants, and services
  • 2.1 Introduction
  • 2.2 Energy market and trading: state-of-the-art
  • 2.3 The economics of energy trading
  • 2.3.1 Price formation
  • 2.3.2 Risk management
  • 2.3.2.1 Strategies for risk mitigation
  • 2.4 Major events and processes in energy trading
  • 2.4.1 Contract negotiation and management
  • 2.4.2 Logistics and settlement
  • 2.5 Regulatory framework
  • 2.5.1 Regulatory bodies
  • 2.5.2 Compliance requirements
  • 2.6 Challenges in energy trading
  • 2.6.1 Market volatility
  • 2.6.2 Geopolitical influences
  • 2.6.3 Environmental and sustainability concerns
  • 2.7 Electricity service market
  • 2.7.1 Competitive electricity service markets
  • 2.7.2 Wholesale electricity market
  • 2.7.3 Retail electricity market
  • 2.7.4 Electricity capacity markets
  • 2.7.5 Day-ahead market
  • 2.7.5.1 Intraday market
  • 2.7.6 Real-time market
  • 2.7.7 Regulation market
  • 2.7.8 Reserve market
  • 2.7.9 Balancing market
  • 2.7.10 Novel energy markets including ramp markets
  • 2.8 Emerging trends
  • 2.8.1 Technological innovations
  • 2.8.2 Shift towards renewables
  • 2.9 Summary
  • References
  • 3 Blockchain technology: evolution, potentials, and operational challenges
  • 3.1 Introduction
  • 3.2 Historical development of blockchain technology
  • 3.2.1 Structure of blockchain
  • 3.2.2 Consensus mechanisms
  • 3.2.3 Cryptography in blockchain
  • 3.3 Nature/types of blockchain
  • 3.3.1 Public blockchains
  • 3.3.2 Private blockchains
  • 3.3.3 Consortium blockchains
  • 3.4 Advantages of blockchain technology.
  • 3.5 Challenges and limitations
  • 3.5.1 Scalability issues
  • 3.5.2 Regulatory uncertainty
  • 3.5.3 Technology adoption barriers
  • 3.6 Blockchain in practice
  • 3.6.1 Operations and supply chain management
  • 3.6.2 Energy sector
  • 3.6.3 Finance sector
  • 3.6.4 Health sector
  • 3.7 Blockchain and energy trading
  • 3.7.1 Associated challenges in the energy sector
  • 3.8 Summary of the chapter
  • References
  • 4 Decentralized energy trading with blockchain technology
  • 4.1 Introduction
  • 4.2 Blockchain in energy trading
  • 4.2.1 Role of blockchain in energy trading
  • 4.3 Mechanisms of blockchain in decentralized trading
  • 4.3.1 Smart contracts
  • 4.3.2 Peer-to-peer transactions
  • 4.3.3 Tokenization of energy units
  • 4.4 Case studies of blockchain in energy trading
  • 4.4.1 The Brooklyn microgrid
  • 4.4.1.1 Trade dynamics
  • 4.4.1.2 Assessment and discussion
  • 4.4.1.3 Potential for scalability
  • 4.4.2 PowerLedger
  • 4.4.2.1 Trade dynamics
  • 4.4.2.2 Assessment and discussion
  • 4.4.2.3 Potential for scalability
  • 4.4.3 The WePower project
  • 4.4.3.1 Trade dynamics
  • 4.4.3.2 Assessment and discussion
  • 4.4.3.3 Potential for scalability
  • 4.4.4 Sun exchange
  • 4.4.4.1 Trade dynamics
  • 4.4.4.2 Assessment and discussion
  • 4.4.4.3 Potential for scalability
  • 4.5 Challenges and barriers
  • 4.5.1 Scalability and performance
  • 4.5.2 Regulatory and legal issues
  • 4.6 Future perspectives
  • 4.6.1 Integration with existing energy systems
  • 4.6.2 Innovations on the horizon
  • 4.7 Summary
  • References
  • 5 Demand response and blockchain technology
  • 5.1 Demand response and blockchain technology
  • 5.1.1 Overview of demand response
  • 5.1.2 Energy demand and distribution issues
  • 5.1.3 Categories of energy theft
  • 5.2 The potential of blockchain technology in demand response
  • 5.2.1 What is the concept of blockchain technology?.
  • 5.2.2 Applications of blockchain technology in demand response
  • 5.3 Blockchain-based solutions for demand response
  • 5.3.1 Protection against electricity theft
  • 5.4 Case studies of blockchain-based demand response projects
  • 5.4.1 Sub-Saharan African (SSA) economies
  • 5.4.2 Case of blockchain-based systems in Germany
  • 5.4.3 Case of blockchain-based systems in China
  • 5.4.4 Case of blockchain-based systems in Japan
  • 5.4.5 Case of blockchain-based systems in the Asian economies
  • 5.4.6 Case of blockchain-based systems in South African and Russian economies
  • 5.5 Summary
  • References
  • 6 Renewable energy and blockchain
  • 6.1 Overview of renewable energy
  • 6.1.1 Solar energy
  • 6.1.2 Wind energy
  • 6.1.3 Hydropower
  • 6.1.4 Biomass energy
  • 6.1.5 Geothermal energy
  • 6.1.6 Tidal energy
  • 6.2 The potential of blockchain technology in renewable energy
  • 6.3 Blockchain-based solutions for renewable energy markets
  • 6.3.1 Peer-to-peer energy trading
  • 6.3.2 Decentralized energy grids
  • 6.3.3 Renewable energy certificates
  • 6.3.4 Energy financing
  • 6.3.5 Supply chain traceability
  • 6.3.6 Carbon credit marketplaces
  • 6.3.7 Grid management and optimization
  • 6.4 Case studies of blockchain-based renewable energy projects
  • 6.5 Summary
  • References
  • 7 Revolutionizing energy systems: the impact of blockchain on renewable energy integration
  • 7.1 Introduction
  • 7.2 The renewable energy challenge
  • 7.3 Blockchain technology fundamentals: definition, key components, and principles
  • 7.3.1 Key blockchain platforms relevant to energy applications
  • 7.3.1.1 Ethereum
  • 7.3.1.2 Hyperledger
  • 7.3.1.3 R3 Corda
  • 7.3.1.4 Stellar
  • 7.3.1.5 Quorum
  • 7.3.1.6 Tezos
  • 7.4 Blockchain and renewable energy integration
  • 7.4.1 Decentralized energy production and peer-to-peer energy trading
  • 7.4.1.1 Decentralized energy production.
  • 7.4.1.2 Peer-to-peer energy trading
  • 7.4.2 Transparency, trust, and traceability
  • 7.4.3 Grid management and optimization
  • 7.4.4 Energy asset tokenization
  • 7.4.5 Grid resilience and security
  • 7.5 Regulatory and policy considerations
  • 7.5.1 Regulatory challenges
  • 7.5.2 Regulatory opportunities
  • 7.6 Future trends
  • 7.6.1 Decentralized energy communities
  • 7.6.2 Tokenization of energy assets
  • 7.6.3 Grid management and optimization
  • 7.6.4 Green certificates and carbon credits
  • 7.6.5 Integration with internet of things and artificial intelligence
  • 7.6.6 Regulatory frameworks
  • 7.6.7 Cross-industry collaborations
  • 7.6.8 Green cryptocurrencies
  • 7.6.9 Global energy marketplaces
  • 7.6.10 Consumer empowerment
  • 7.7 Challenges and obstacles
  • 7.8 Conclusion and policy recommendations
  • AI disclosure
  • References
  • 8 Managing ancillary services in energy trading with blockchain technology
  • 8.1 Introduction
  • 8.2 Categories/types of ancillary services
  • 8.2.1 Frequency regulation
  • 8.2.2 Voltage control
  • 8.2.2.1 Spinning reserve
  • 8.2.2.2 Black-start services
  • 8.3 Challenges in traditional management of ancillary services
  • 8.3.1 Complexity in coordination
  • 8.3.2 Issues with transparency and efficiency
  • 8.4 The role of blockchain in ancillary services
  • 8.4.1 Blockchain as a solution
  • 8.4.2 Enhancing transparency and accountability
  • 8.5 Case studies and current implementations
  • 8.5.1 Grid singularity
  • 8.5.2 LO3
  • 8.5.3 Equigy
  • 8.6 Blockchain mechanisms for ancillary services
  • 8.6.1 Smart contracts for automation
  • 8.6.2 Real-time data management
  • 8.7 Regulatory and operational considerations
  • 8.7.1 Navigating regulatory challenges
  • 8.7.2 Integration with existing infrastructure
  • 8.8 Future trends in blockchain and ancillary services
  • 8.8.1 Innovations on the horizon.
  • 8.8.2 Potential for expansion and scalability
  • 8.9 Summary
  • References
  • 9 Electricity prosumption adoption: what to know and what you can do
  • 9.1 Introduction
  • 9.2 Understanding electricity prosumption
  • 9.2.1 Definition and concept
  • 9.2.2 Benefits of electricity prosumption
  • 9.2.3 Challenges to electricity prosumption adoption
  • 9.3 What you can do: embracing electricity prosumption
  • 9.4 Electricity fundamentals
  • 9.5 How solar photovoltaic system works
  • 9.6 Solar photovoltaic system planning, designing, and installation
  • 9.6.1 Determine your energy requirements and goals
  • 9.6.2 Solar resource assessment
  • 9.6.3 System design
  • 9.6.4 System sizing and components selection
  • 9.6.4.1 Solar panel
  • 9.6.4.2 Inverter-AC to DC converter
  • 9.6.4.3 Battery
  • 9.6.4.3.1 Types of batteries
  • 9.6.4.4 Battery charge controller
  • 9.6.5 Electrical system preparation
  • 9.6.6 Mounting and panel installation
  • 9.6.7 Inverter and electrical connections
  • 9.6.8 Grounding and bonding
  • 9.6.9 System testing and commissioning
  • 9.6.10 System operation and maintenance
  • 9.6.11 Installation and commission
  • 9.6.12 Battery management
  • 9.6.13 User education and training
  • 9.7 Permit and approvals
  • 9.8 Procurement and preparation
  • 9.9 Energy management system
  • 9.10 Rooftop solar photovoltaic grid integration
  • 9.11 Solar photovoltaic peer-to-peer trading
  • 9.12 Blockchain technology in solar peer-to-peer
  • 9.13 The future of electricity prosumption
  • 9.13.1 Overcoming challenges in prosumption deployment
  • 9.14 Conclusion
  • References
  • 10 Energy poverty and sustainability within the framework of blockchain technology
  • 10.1 Introduction
  • 10.2 Policy analysis
  • 10.2.1 Feed-in-Tariff (FiT) policy
  • 10.2.2 Off-grid renewable energy policy in developing countries
  • 10.3 Case studies
  • 10.3.1 Brooklyn Microgrid, USA.