Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0
The Energy Internet (EI) and Smart Grid 2.0 (SG 2.0) concepts are potential challenges in industry and research. The purpose of SG 2.0 and EI is to automate innovative power grid operations. To move from Distribution Network Operators (DSO) to consumer-centric distributed power grid management, the...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-11-01
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| Series: | Sensors |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1424-8220/22/21/8397 |
| _version_ | 1827645512231157760 |
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| author | Bassam Zafar Sami Ben Slama |
| author_facet | Bassam Zafar Sami Ben Slama |
| author_sort | Bassam Zafar |
| collection | DOAJ |
| description | The Energy Internet (EI) and Smart Grid 2.0 (SG 2.0) concepts are potential challenges in industry and research. The purpose of SG 2.0 and EI is to automate innovative power grid operations. To move from Distribution Network Operators (DSO) to consumer-centric distributed power grid management, the blockchain and smart contracts are applicable. Blockchain technology and integrated SGs will present challenges, limiting the deployment of Distributed Energy Resources (DERs). This review looks at the decentralization of the Smart Grid 2.0 using blockchain technology. Energy trading has increased due to access to distributed energy sources and electricity producers who can financially export surplus fuels. The energy trading system successfully combines energy from multiple sources to ensure consistent and optimal use of available resources and better facilities for energy users. Peer-to-peer (P2P) energy trading is a common field of study that presents some administrative and technical difficulties. This article provides a general overview of P2P energy exchange. It discusses how blockchain can improve transparency and overall performance, including the degree of decentralization, scalability, and device reliability. The research is extended to examine unresolved issues and potential directions for P2P blockchain-based energy sharing in the future. In fact, this paper also demonstrates the importance of blockchain in future smart grid activities and its blockchain-based applications. The study also briefly examines the issues associated with blockchain integration, ensuring the decentralized, secure and scalable operation of autonomous electric grids in the future. |
| first_indexed | 2024-03-09T18:40:17Z |
| format | Article |
| id | doaj.art-999d3150137641589c5adf47e0dc07f1 |
| institution | Directory Open Access Journal |
| issn | 1424-8220 |
| language | English |
| last_indexed | 2024-03-09T18:40:17Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Sensors |
| spelling | doaj.art-999d3150137641589c5adf47e0dc07f12023-11-24T06:47:33ZengMDPI AGSensors1424-82202022-11-012221839710.3390/s22218397Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0Bassam Zafar0Sami Ben Slama1Information System Department, FCIT King Abdulaziz University, Jeddah 22254, Saudi ArabiaThe Applied College, King Abdulaziz University, Jeddah 22254, Saudi ArabiaThe Energy Internet (EI) and Smart Grid 2.0 (SG 2.0) concepts are potential challenges in industry and research. The purpose of SG 2.0 and EI is to automate innovative power grid operations. To move from Distribution Network Operators (DSO) to consumer-centric distributed power grid management, the blockchain and smart contracts are applicable. Blockchain technology and integrated SGs will present challenges, limiting the deployment of Distributed Energy Resources (DERs). This review looks at the decentralization of the Smart Grid 2.0 using blockchain technology. Energy trading has increased due to access to distributed energy sources and electricity producers who can financially export surplus fuels. The energy trading system successfully combines energy from multiple sources to ensure consistent and optimal use of available resources and better facilities for energy users. Peer-to-peer (P2P) energy trading is a common field of study that presents some administrative and technical difficulties. This article provides a general overview of P2P energy exchange. It discusses how blockchain can improve transparency and overall performance, including the degree of decentralization, scalability, and device reliability. The research is extended to examine unresolved issues and potential directions for P2P blockchain-based energy sharing in the future. In fact, this paper also demonstrates the importance of blockchain in future smart grid activities and its blockchain-based applications. The study also briefly examines the issues associated with blockchain integration, ensuring the decentralized, secure and scalable operation of autonomous electric grids in the future.https://www.mdpi.com/1424-8220/22/21/8397SG 2.0energy internetprosumerpeer-to-peerblockchainenergy trade |
| spellingShingle | Bassam Zafar Sami Ben Slama Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 Sensors SG 2.0 energy internet prosumer peer-to-peer blockchain energy trade |
| title | Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 |
| title_full | Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 |
| title_fullStr | Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 |
| title_full_unstemmed | Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 |
| title_short | Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0 |
| title_sort | energy internet opportunities in distributed peer to peer energy trading reveal by blockchain for future smart grid 2 0 |
| topic | SG 2.0 energy internet prosumer peer-to-peer blockchain energy trade |
| url | https://www.mdpi.com/1424-8220/22/21/8397 |
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