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Integration of Blockchain Components in the Electricity Balance Area Management

2019-05-15 Science
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Release : 2019-05-15
Genre : Science
Kind : eBook
Book Rating : 012/5 ( reviews)

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Book Synopsis Integration of Blockchain Components in the Electricity Balance Area Management by : Andrei Gladikov

Download or read book Integration of Blockchain Components in the Electricity Balance Area Management written by Andrei Gladikov. This book was released on 2019-05-15. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2019 in the subject Energy Sciences, grade: 1.8, University of Freiburg, language: English, abstract: This thesis is aimed to estimate the severity of recent balancing costs fallen onto balancing responsible parties (BRPs), the quality of forecast incentive, and prove a blockchain-based secondary flexibility market with quota mechanism of trading activation rights an efficient and economically viable tool for BRPs for offsetting schedule deviations at short notice. After developing a prosumer-enabled model which is system integrated complying with existing balancing management, various scenarios of deviations exchange are emulated. The focus of this work is set to justify the sufficiency of strategic value in blockchain technology as the market underlying infrastructure and as a complementary layer for the established data exchange platform. This thesis identifies blockchain benefits and regulatory challenges for synchronization of multiple flexibility providers, creating and managing deviations-conscious balancer communities, resulting in energy balancing costs reduction, enabling innovative business models and additional revenue streams for balancing groups. The increasing uncertainty of the power supply in Germany due to the surge in fluctuating renewable energy, power plant failures and accidental changes in consumption lead to the energy system imbalance. This not only threatens the system security, but also turns into financially punitive consequences for energy market players. Current market-based solutions and the German established data exchange platform with market rules ‘MaBiS’ do not foster a bottom-up collaboration in balancing groups to timely offset schedule deviations. The capability to modify and/or shift consumption of industrial or commercial end-customers as well as to adjust energy output of generation units gives a unique opportunity for organizing a shared platform for flexibility services exchange to mitigate the risk of paying imbalance tariff.

Blockchain-Based Systems for the Modern Energy Grid

2022-09-13 Science
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Release : 2022-09-13
Genre : Science
Kind : eBook
Book Rating : 514/5 ( reviews)

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Book Synopsis Blockchain-Based Systems for the Modern Energy Grid by : Sanjeevikumar Padmanaban

Download or read book Blockchain-Based Systems for the Modern Energy Grid written by Sanjeevikumar Padmanaban. This book was released on 2022-09-13. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Systems for a Paradigm Shift in the Energy Grid explores the technologies and tools to utilize blockchain for energy grids and assists professionals and researchers to find alternative solutions for the future of the energy sector. The focus of this globally edited book is on the application of blockchain technology and the balance between supply and demand for energy and where it is achievable. Looking at the integration of blockchain and how it will make the network resistant to any failure in sub-components, this book has very clearly explores the areas of energy sector that need in-depth study of Blockchain for expanding energy markets. Meeting the demands of energy by local trading, verifying use of green energy certificates and providing a greater understanding of smart energy grids and Blockchain use cases. Exhaustively exploring the use of Blockchain for energy, this reference useful for all those in the energy industry looking to avoid disruption in the grid and sustain and control successful flow of electricity. - Methods and techniques of Blockchain-based trading and payments are included - Provides process diagrams in techniques and balancing demand and supply - Internet of Energy and its architecture for the future energy sector is explained

Blockchain-Based Smart Grids

2020-05-14 Science
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Release : 2020-05-14
Genre : Science
Kind : eBook
Book Rating : 620/5 ( reviews)

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Book Synopsis Blockchain-Based Smart Grids by : Miadreza Shafie-khah

Download or read book Blockchain-Based Smart Grids written by Miadreza Shafie-khah. This book was released on 2020-05-14. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage

A Practical Guide to Trading and Tracing for the Energy Blockchain

2022-05-07 Technology & Engineering
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Release : 2022-05-07
Genre : Technology & Engineering
Kind : eBook
Book Rating : 070/5 ( reviews)

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Book Synopsis A Practical Guide to Trading and Tracing for the Energy Blockchain by : Giuseppe Sciumè

Download or read book A Practical Guide to Trading and Tracing for the Energy Blockchain written by Giuseppe Sciumè. This book was released on 2022-05-07. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the main features, fundamental principles, and application areas of blockchain technology. It explains how this technology can contribute to the electricity market by enabling the implementation of new business models and new energy scenarios. The first chapter is an introductory section which covers the basic elements for framing the blockchain in the different application fields. The following chapters describe the various phases of the Italian electricity market and the players involved in each phase, the new business models and the main regulations; the features of blockchain that are useful for the energy system; and the integration of a blockchain platform for the execution of Demand Response events in an existing power grid. In the fifth chapter the results of the experimental implementation of the architecture described previously are presented, and in the final chapter the BloRin project is presented, which aims to create a blockchain-based platform for renewable energy deployment and energy exchange management. The volume targets graduate students, researchers and practitioners, and addresses the development of a new methodology for the implementation of energy services using blockchain technology, providing a guide in the blockchain area for the energy sector.

Integrating Blockchain Technology in Project Life Cycle for efficient Project Management

2020-04-16 Business & Economics
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Release : 2020-04-16
Genre : Business & Economics
Kind : eBook
Book Rating : 823/5 ( reviews)

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Book Synopsis Integrating Blockchain Technology in Project Life Cycle for efficient Project Management by : Luxmi Kanth Navaneethan

Download or read book Integrating Blockchain Technology in Project Life Cycle for efficient Project Management written by Luxmi Kanth Navaneethan. This book was released on 2020-04-16. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, , course: MSc Project Management, language: English, abstract: Blockchain Technology has the capability to develop as a disruptive technology in management and business domains. There is a lack of understanding also less amount of information about innovative blockchain technology and its potential future influences that hinder its academic and realistic application. Organizations it is essential to know the right influence and risk of blockchain technology adaptions also applications in order to obtain also retain economic advantages. There is no doubt such kind of revolutionary technology will have a direct effect on the conventional way of managing projects. Unless the organizations identify the shift, they will be left in the background wondering what had happened. This research study recognizes peer-reviewed journal papers also presents a systematic literature review study of the furthermost suitable blockchain technology features to be integrated into the project life cycle for efficient project management. Preliminary research shows that Blockchain technology is an immutable, distributed ledger technology that has been implemented as an enabling system to provision cryptocurrencies. Blockchain Technology is presently resolving various issues in different domains. Such as supply chain, medical health, energy, construction, finance and manufacturing but not in project management, due to its early stages. In addition, that most of the organizations use Ethereum blockchain and smart contracts towards addressing their difficulties and enhancing efficiency in their respective fields of business and management process. Research findings shows that smart contract and distributed ledger technology are the most adapted blockchain features in current business organizations, furthermore study recommends the kind of changes need to adapted by the organizations in order to handle future projects. Finally systematic literature review research findings sheds light on future directions of research studies could contain analysis of the different approaches which Ethereum and additional decentralized blockchain technologies can be used to build efficient project management framework.

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