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Blockchain Smart Contracts for Grid Connection Management in Achieving Net Zero Energy Systems

Hua, Weiqi; Jing, Rui; Zhou, Yue; Zhang, Xi; Jiang, Jing; Sun, Hongjian

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Authors

Weiqi Hua

Rui Jing

Yue Zhou

Xi Zhang

Jing Jiang



Abstract

Energy systems are transitioning towards a decentralized and decarbonized paradigm with the integration of distributed renewable energy sources. Blockchain smart contracts have the increasing potential to facilitate the transition of energy systems due to the natures of automation, standardization, and selfenforcement. This paper proposes a Blockchain smart contracts based platform to manage the grid connection for both large scale generation companies and individual prosumers (both producers and consumers). Through evaluating the capacity margin and carbon intensity for each substation or feeder in power networks, the incurred connection fee and low carbon incentive are formulated for incentivizing the local energy balance and connection of renewable energy sources. Case studies testify the effectiveness for encouraging the low carbon grid connection.

Citation

Hua, W., Jing, R., Zhou, Y., Zhang, X., Jiang, J., & Sun, H. (2022). Blockchain Smart Contracts for Grid Connection Management in Achieving Net Zero Energy Systems. . https://doi.org/10.46855/energy-proceedings-9190

Conference Name 13th International Conference on Applied Energy (ICAE 2021)
Conference Location Bangkok
Start Date Nov 29, 2023
End Date Dec 2, 2021
Acceptance Date Nov 28, 2021
Publication Date Jan 17, 2022
Deposit Date Dec 14, 2021
Publicly Available Date Mar 28, 2024
Series ISSN 2004-2965
DOI https://doi.org/10.46855/energy-proceedings-9190
Keywords Blockchain smart contracts, grid connection, net zero emissions, prosumers, renewable energy

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