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Can Blockchain Strengthen the Energy Internet?
Date Issued
2021-07-26
Date Available
2023-10-17T09:43:21Z
Abstract
Emergence of the Energy Internet (EI) demands restructuring of traditional electricity grids to integrate heterogeneous energy sources, distribution network management with grid intelligence and big data management. This paradigm shift is considered to be a breakthrough in the energy industry towards facilitating autonomous and decentralized grid operations while maximizing the utilization of Distributed Generation (DG). Blockchain has been identified as a disruptive technology enabler for the realization of EI to facilitate reliable, self-operated energy delivery. In this paper, we highlight six key directions towards utilizing blockchain capabilities to realize the envisaged EI. We elaborate the challenges in each direction and highlight the role of blockchain in addressing them. Furthermore, we summarize the future research directive in achieving fully autonomous and decentralized electricity distribution networks, which will be known as Energy Internet
Sponsorship
University College Dublin
Other Sponsorship
University Grants Commission, Sri Lanka
Type of Material
Journal Article
Publisher
MDPI
Journal
Network
Volume
1
Issue
2
Start Page
95
End Page
115
Language
English
Status of Item
Peer reviewed
This item is made available under a Creative Commons License
File(s)
Owning collection
Scopus© citations
12
Acquisition Date
Sep 16, 2024
Sep 16, 2024
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156
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