Blockchain Empowered Solar Energy Trading: A Decentralized Grid Integration Revolution

【Author】 Karthi, V.; Revathi, S.; Kumaraswamy, Ramesh; Anthonisamy, Arun; Vijayakumar, S. D.; Ramkumar, A.

【Source】ELECTRIC POWER COMPONENTS AND SYSTEMS

【影响因子】1.276

【Abstract】The growing prominence of solar energy in decentralized renewable energy landscapes underscores the need for efficient solar energy trading mechanisms and seamless grid integration. This decentralized renewable energy sources, especially solar energy, present a significant prospect for the production of sustainable energy. This investigation explores the use of blockchain technology as a basic framework to tackle the problems associated with grid integration and solar energy trading in a decentralized setting. It uses the built-in advantages of blockchain technology, such as trust, transparency, and smart contract automation, to address the design and execution of a platform tailored for solar energy. As a result, the system efficiency increased to 93% and the transaction confirmation time was cut from 4.5 to 2.5 s with the lowest possible transaction cost. Furthermore, this study intends to offer insightful information about the technological viability, security, and scalability of blockchain solutions in the field of solar energy, while highlighting the significance of indicators of performance for an in-depth evaluation. This novel strategy is a crucial development for the field of green energy as it promises to revolutionize the way solar energy is traded, used, and integrated into modern grids.

【Keywords】blockchain; solar energy trading; grid integration; smart contracts; decentralized renewable energy; distributed ledger technology; sustainability; peer-to-peer

【发表时间】2024 2024 FEB 9

【收录时间】2024-03-04

【文献类型】实验仿真

【主题类别】

区块链应用-实体经济-电力领域