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Energy Blockchain in Smart Communities: Towards Affordable Clean Energy Supply for the Built Environment

Mingguan Zhao1,4, Lida Liao2,*, Penglong Liang1, Meng Li1, Xinsheng Dong1, Yang Yang1, Hongxia Wang1, Zhenhao Zhang3

1 Electric Power Research Institute, State Grid Xinjiang Electric Power Co., Ltd., Urumqi, 830013, China
2 School of Energy and Power Engineering, Changsha University of Science & Technology, Changsha, 410114, China
3 Kumul Power Supply Company, State Grid Xinjiang Electric Power Co., Ltd., Urumqi, 830013, China
4 Xinjiang Key Laboratory of Extreme Environment Operation and Detection Technology of Power Transmission & Transformation Equipment, Urumqi, 830013, China

* Corresponding Author: Lida Liao. Email: email

Energy Engineering 2024, 121(8), 2313-2330. https://doi.org/10.32604/ee.2024.048261

Abstract

The rapid growth of distributed renewable energy penetration is promoting the evolution of the energy system toward decentralization and decentralized and digitized smart grids. This study was based on energy blockchain, and developed a dual-biding mechanism based on the real-time energy surplus and demand in the local smart grid, which is expected to enable reliable, affordable, and clean energy supply in smart communities. In the proposed system, economic benefits could be achieved by replacing fossil-fuel-based electricity with the high penetration of affordable solar PV electricity. The reduction of energy surplus realized by distributed energy production and P2P energy trading, within the smart grid results in less transmission loss and lower requirements for costly upgrading of existing grids. By adopting energy blockchain and smart contract technologies, energy secure trading with a low risk of privacy leakage could be accommodated. The prototype is examined through a case study, and the feasibility and efficiency of the proposed mechanism are further validated by scenario analysis.

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APA Style
Zhao, M., Liao, L., Liang, P., Li, M., Dong, X. et al. (2024). Energy blockchain in smart communities: towards affordable clean energy supply for the built environment. Energy Engineering, 121(8), 2313-2330. https://doi.org/10.32604/ee.2024.048261
Vancouver Style
Zhao M, Liao L, Liang P, Li M, Dong X, Yang Y, et al. Energy blockchain in smart communities: towards affordable clean energy supply for the built environment. Energ Eng. 2024;121(8):2313-2330 https://doi.org/10.32604/ee.2024.048261
IEEE Style
M. Zhao et al., “Energy Blockchain in Smart Communities: Towards Affordable Clean Energy Supply for the Built Environment,” Energ. Eng., vol. 121, no. 8, pp. 2313-2330, 2024. https://doi.org/10.32604/ee.2024.048261



cc Copyright © 2024 The Author(s). Published by Tech Science Press.
This work is licensed under a Creative Commons Attribution 4.0 International License , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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