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Publication Type : Journal Article
Publisher : Springer Nature Publishing Group UK
Source : Scientific Reports, Nature Publishing Group UK, 2024 – Impact Factor: 3.8, Scopus percentile: 92 %
Url : https://www.nature.com/articles/s41598-024-72642-2
Campus : Bengaluru
School : School of Engineering
Department : Electrical and Electronics
Year : 2024
Abstract : Countries all over the world are shifting from conventional and fossil fuel-based energy systems to more sustainable energy systems (renewable energy-based systems). To effectively integrate renewable sources of energy, multi-directional power flow and control are required, and to facilitate this multi-directional power flow, peer-to-peer (P2P) trading is employed. For a safe, secure, and reliable P2P trading system, a secure communication gateway and a cryptographically secure data storage mechanism are required. This paper explores the uses of blockchain (BC) in renewable energy (RE) integration into the grid. We shed light on four primary areas: P2P energy trading, the green hydrogen supply chain, demand response (DR) programmes, and the tracking of RE certificates (RECs). In addition, we investigate how BC can address the existing challenges in these domains and overcome these hurdles to realise a decentralised energy ecosystem. The main purpose of this paper is to provide an understanding of how BC technology can act as a catalyst for a multi-directional energy flow, ultimately revolutionising the way energy is generated, managed, and consumed.
Cite this Research Publication : GB Bhavana, R Anand, J Ramprabhakar, VP Meena, Vinay Kumar Jadoun, Francesco Benedetto, "Applications of blockchain technology in peer-to-peer energy markets and green hydrogen supply chains: a topical review", Scientific Reports, Nature Publishing Group UK, 2024 – Impact Factor: 3.8, Scopus percentile: 92 %