scholarly journals Renewable Energy Certificate Trading via Permissioned Blockchain

2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Dong Wang ◽  
Jiaxing Xuan ◽  
Zhiyu Chen ◽  
Da Li ◽  
Rui Shi
Keyword(s):  
Renewable Energy ◽  
Supply And Demand ◽  
System Stability ◽  
Double Auction ◽  
Byzantine Fault Tolerance ◽  
Application Process ◽  
Blockchain Technology ◽  
Operation Process ◽  
Bidding Mechanism ◽  
Continuous Double Auction

With the continuous advancement of the green certificate trading mechanism, information verification needs to span multiple departments, which causes the application process cumbersome and human errors. In order to solve problems of cumbersome issuance process of the renewable energy certificate (REC) and the inflexible pricing mechanism, in this paper, a hybrid REC trading system was proposed based on an permissioned blockchain technology (BT), which combined advantages of the BT and the continuous double auction (CDA). The operation process of the system was introduced in detail, and the view change protocol in the Practical Byzantine Fault Tolerance algorithm was revised according to the characteristics of the system to improve the system stability. The continuous double auction rule was also introduced in the system. And corresponding bidding strategies were designed to maximize the revenue of users (buyer and seller) and transaction probability. The simulation experiment proves that the bidding mechanism can flexibly adjust the REC price according to the supply and demand relationship. At the same time, the effectiveness and feasibility of trading rule and bidding strategy were also verified.

scholarly journals Innovative Blockchain-Based Approach for Sustainable and Credible Environment in Food Trade: A Case Study in Shandong Province, China

2018 ◽  
Vol 10 (9) ◽  
pp. 3149 ◽  
Author(s):  
Dianhui Mao ◽  
Zhihao Hao ◽  
Fan Wang ◽  
Haisheng Li
Keyword(s):  
Information Asymmetry ◽  
Shandong Province ◽  
Agricultural Product ◽  
Double Auction ◽  
Social Stability ◽  
Byzantine Fault Tolerance ◽  
Trading System ◽  
Food Trade ◽  
Blockchain Technology

Agri-food trade has a profound impact on social stability and sustainable economic development. However, there are several technological problems in current agricultural product transactions. For example, it is almost impossible to improve the efficiency of transactions and maintain market stability. This paper designs a novel Food Trading System with COnsortium blockchaiN (FTSCON) to eliminate information asymmetry in the food trade, in order to establish a sustainable and credible trading environment, the system uses consortium blockchain technology to meet the challenge of different authentications and permissions for different roles in food trade. Meanwhile, we have used the online double auction mechanism to eliminate competition. We also have designed a improved Practical Byzantine Fault Tolerance (iPBFT) algorithm to improve efficiency. In addition, a case study based on a series of data from Shandong Province, China indicate that the FTSCON can achieve profit improvement of merchants. Therefore, the proposed system proved to have high commercial value.

scholarly journals A Q-Cube Framework of Reinforcement Learning Algorithm for Continuous Double Auction among Microgrids

Energies ◽  
2019 ◽  
Vol 12 (15) ◽  
pp. 2891 ◽  
Author(s):  
Ning Wang ◽  
Weisheng Xu ◽  
Weihui Shao ◽  
Zhiyu Xu
Keyword(s):  
Reinforcement Learning ◽  
Learning Algorithm ◽  
Supply And Demand ◽  
Storage System ◽  
Energy Markets ◽  
Guizhou Province ◽  
Alternative Form ◽  
Double Auction ◽  
Q Learning ◽  
Continuous Double Auction

Decision-making of microgrids in the condition of a dynamic uncertain bidding environment has always been a significant subject of interest in the context of energy markets. The emerging application of reinforcement learning algorithms in energy markets provides solutions to this problem. In this paper, we investigate the potential of applying a Q-learning algorithm into a continuous double auction mechanism. By choosing a global supply and demand relationship as states and considering both bidding price and quantity as actions, a new Q-learning architecture is proposed to better reflect personalized bidding preferences and response to real-time market conditions. The application of battery energy storage system performs an alternative form of demand response by exerting potential capacity. A Q-cube framework is designed to describe the Q-value distribution iteration. Results from a case study on 14 microgrids in Guizhou Province, China indicate that the proposed Q-cube framework is capable of making rational bidding decisions and raising the microgrids’ profits.

scholarly journals Voltage Stability of Power Systems with Renewable-Energy Inverter-Based Generators: A Review

Electronics ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 115
Author(s):  
Nasser Hosseinzadeh ◽  
Asma Aziz ◽  
Apel Mahmud ◽  
Ameen Gargoom ◽  
Mahbub Rabbani
Keyword(s):  
Renewable Energy ◽  
Power Systems ◽  
Voltage Stability ◽  
Reactive Power ◽  
Power Grid ◽  
Renewable Energy Sources ◽  
Electrical Power ◽  
System Stability ◽  
Special Issue ◽  
Synchronous Generators

The main purpose of developing microgrids (MGs) is to facilitate the integration of renewable energy sources (RESs) into the power grid. RESs are normally connected to the grid via power electronic inverters. As various types of RESs are increasingly being connected to the electrical power grid, power systems of the near future will have more inverter-based generators (IBGs) instead of synchronous machines. Since IBGs have significant differences in their characteristics compared to synchronous generators (SGs), particularly concerning their inertia and capability to provide reactive power, their impacts on the system dynamics are different compared to SGs. In particular, system stability analysis will require new approaches. As such, research is currently being conducted on the stability of power systems with the inclusion of IBGs. This review article is intended to be a preface to the Special Issue on Voltage Stability of Microgrids in Power Systems. It presents a comprehensive review of the literature on voltage stability of power systems with a relatively high percentage of IBGs in the generation mix of the system. As the research is developing rapidly in this field, it is understood that by the time that this article is published, and further in the future, there will be many more new developments in this area. Certainly, other articles in this special issue will highlight some other important aspects of the voltage stability of microgrids.

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

Flywheel energy storage systems and their applications in power engineering

2021 ◽  
Vol 6 ◽  
pp. 26-34
Author(s):  
Vladimir Poltavets ◽  
Irina Kolchanova
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Supply And Demand ◽  
Electric Energy ◽  
Energy Generation ◽  
Flywheel Energy Storage ◽  
Energy Storage Systems ◽  
Continuous Growth

The continuous growth of renewable energy sources has drastically changed the paradigm of electric energy generation and distribution. Flywheel energy storage systems are a clean and efficient method to level supply and demand in energy grids, including those incorporating renewable energy generation. Environmental safety, resilience, high power capacity and quality make flywheel energy storage very promising. This paper contains a review of flywheel energy storage systems, already being in operation, and applications of flywheel energy storage in general.

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