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On the Application of Blockchain Technology in Microgrids

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Dependable Computing – EDCC 2024 Workshops (EDCC 2024)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 2078))

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Abstract

To further integrate renewable energy resources into the electricity grids, increasing the consumption of locally produced electricity is one of the key solutions to reduce the operational cost of the future energy system. Therefore, the local and intelligent principles of microgrids in which users can directly exchange energy with other local users via peer-to-peer energy trading functionalities for flexible energy management are of paramount importance. Regarding peer-to-peer energy trading, setting up a virtual trading network for users can be realised via several communication and database mechanisms, in which the focus of the current work is on the application of the blockchain technology. This article aims to shed a light on the required actions and implementation efforts such as pricing mechanisms, privacy constraints, scalability and on the required overarching energy management system. By overviewing the available literature on the application of blockchain technology, this article also aims to provide a critical view on the applicability of this particular technology for peer-to-peer energy trading purposes.

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Acknowledgements

This project has received funding from the European Union’s Horizon 2020 research and innovation program under the Marie Skłodowska-Curie grant agreement No. 101007820. This publication reflects only the author’s view, and the REA is not responsible for any use that may be made of the information it contains.

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Authors and Affiliations

  1. KU Leuven, 3000, Leuven, Belgium

    Maarten Evens & Alessia Arteconi

  2. EnergyVille, 3600, Genk, Belgium

    Maarten Evens & Alessia Arteconi

  3. Università Politecnica delle Marche, 60131, Ancona, Italy

    Patricia Ercoli & Alessia Arteconi

Authors
  1. Maarten Evens
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  2. Patricia Ercoli
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  3. Alessia Arteconi
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Corresponding author

Correspondence to Maarten Evens .

Editor information

Editors and Affiliations

  1. RISE Research Institutes of Sweden, Borås, Sweden

    Behrooz Sangchoolie

  2. Fraunhofer IESE, Kaiserslautern, Germany

    Rasmus Adler

  3. University of York, York, UK

    Richard Hawkins

  4. Fraunhofer IKS, Munich, Germany

    Philipp Schleiss

  5. KU Leuven, Geel, Belgium

    Alessia Arteconi

  6. Università Politecnica delle Marche, Ancona, Italy

    Adriano Mancini

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Evens, M., Ercoli, P., Arteconi, A. (2024). On the Application of Blockchain Technology in Microgrids. In: Sangchoolie, B., Adler, R., Hawkins, R., Schleiss, P., Arteconi, A., Mancini, A. (eds) Dependable Computing – EDCC 2024 Workshops. EDCC 2024. Communications in Computer and Information Science, vol 2078. Springer, Cham. https://doi.org/10.1007/978-3-031-56776-6_8

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  • DOI: https://doi.org/10.1007/978-3-031-56776-6_8

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