scholarly journals Preparing for Blockchain Technology in the Energy Industry: How Energy Sector Leaders Can Make Informed Decisions During the Blockchain Adoption Process

2019 ◽  
Author(s):  
Haideh Farahmand ◽  
Mr Arta Farahmand
Keyword(s):  
Energy Sector ◽  
Energy Industry ◽  
Adoption Process ◽  
Blockchain Technology ◽  
Informed Decisions

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.

scholarly journals An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2926 ◽  
Author(s):  
Grzegorz Zimon ◽  
Marek Sobolewski ◽  
Grzegorz Lew
Keyword(s):  
Renewable Energy ◽  
Environmental Changes ◽  
Research Question ◽  
Energy Sector ◽  
Energy Industry ◽  
The European Union ◽  
Operating Cycle ◽  
Cash Conversion Cycle ◽  
Energy Companies ◽  
Renewable Energy Industry

European countries are increasingly using renewable energy. Poland is an outsider of such solutions. The Polish energy sector is primarily based on energy produced from coal. However, environmental changes and regulations of the European Union are forcing the increased use of energy from renewable sources. Renewable energy is an industry that is still developing in Poland. At the same time, Poland is a country where the political decisions of the government over the last few years have resulted in a significant limitation of the possibilities of renewable energy development. These actions have also resulted in lowering the profitability of the currently operating renewable energy enterprises, especially those from the sector of small and medium-sized enterprises. An opportunity for SMEs operating in the renewable energy sector is to merge into industry purchasing groups. The aim of the article—and at the same time the research question—is: Is it financially safer for renewable energy companies to operate within purchasing groups compared to companies operating independently in this industry? Traditional ways of purchasing can be transferred to integrated purchasing systems, which will be created by purchasing groups associating renewable energy companies. For this purpose, the financial effects of the implementation and functioning of the purchasing groups in the renewable energy sector in relation to entities operating independently were examined. In the research of renewable energy SMEs, a comparative analysis of key indicators determining the possibility of continuing the activity of these entities was made. The following indicators were examined: current financial liquidity ratio, return on sales, operating cycle, cash conversion cycle, share of receivables in current assets, share of inventory in current assets, turnover ratios, level of receivables, liabilities and profitability. The scientific literature is dominated by studies on purchasing groups in the pharmaceutical and construction industries. Thanks to the research conducted, it has been indicated that the renewable energy industry can also improve its profitability, and thus the possibility of safe continuation of operations by extending the business model to inter-entity cooperation within purchasing groups. Increasing the efficiency of individual entities of the renewable energy industry within purchasing groups becomes particularly important during the COVID-19 pandemic. Statistical analyses and their graphic presentation present the significant impact on the safety and profitability of renewable energy entities in the form of purchasing groups.

scholarly journals Human Capital in Russian Power Generating Corporations

2020 ◽  
Vol 157 ◽  
pp. 04028
Author(s):  
Dmitri Pletnev ◽  
Maxim Kazadayev ◽  
Victor Barkhatov
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
Labor Productivity ◽  
Electricity Generation ◽  
Energy Sector ◽  
Energy Industry ◽  
Staff Turnover ◽  
New Approaches

The Russian energy industry is on the verge of major changes. The potential of existing technologies has been exhausted, and to ensure economic growth, the development and implementation of new approaches in the field of electricity generation is necessary. The human capital of enterprises is the most important driver of changes in the energy sector. The purpose of the article is to analyze the influence of factors characterizing human capital on the effectiveness of Russian power generating corporations. The study found that the efficiency of power generating corporations is most strongly influenced by the share of managers in the structure of employment and labor productivity. Such indicators as the share of specialists with higher education and staff turnover did not significantly affect the efficiency of power generating corporations.

scholarly journals Blockchain technology in the energy sector: A systematic review of challenges and opportunities

2019 ◽  
Vol 100 ◽  
pp. 143-174 ◽  
Author(s):  
Merlinda Andoni ◽  
Valentin Robu ◽  
David Flynn ◽  
Simone Abram ◽  
Dale Geach ◽  
...  
Keyword(s):  
Systematic Review ◽  
Energy Sector ◽  
Blockchain Technology ◽  
Challenges And Opportunities

scholarly journals Application possibilities of blockchain technology in the energy sector

2020 ◽  
Vol 154 ◽  
pp. 07003
Author(s):  
Anna Zielińska
Keyword(s):  
Electricity Market ◽  
Energy Sector ◽  
Power Engineering ◽  
Blockchain Technology ◽  
Block Chain ◽  
Data Register

Blockchain is a block chain technology that makes it possible to send and store information in a distributed way, creating a decentralized data register. The article presents the applications of blockchain technology in the field of power engineering, among others for use in the area of settlements on the electricity market. The work shows the possibilities of using and using block chains to describe the purchase and sale, generation and management of electricity. The work describes aspects of technology that allow partial or complete decentralization of the process. The article also shows how such transactions could be carried out automatically and without supervision - giving certainty of pre-established rules, rules and assumptions.

scholarly journals Start-ups as an Element Supporting the Development of the Mining and Energy Sector

2019 ◽  
Vol 105 ◽  
pp. 04015 ◽  
Author(s):  
Ryszard Pukala
Keyword(s):  
High Risk ◽  
Competitive Advantage ◽  
Business Model ◽  
Energy Sector ◽  
Energy Industry ◽  
Developmental Status ◽  
Financial Liquidity ◽  
Start Ups ◽  
Modern Technologies ◽  
Market Success

This study aims at presenting opportunities offered to the mining and energy industry by the emergence and operation of high-risk enterprises – start-ups. Moreover, it analyses interrelations between the developmental status of such entities and their lifespan. We need to stress that start-ups are mostly associated with modern technologies that are used and implemented in various sectors of the economy. Therefore, they are classified as innovative and innovation-implementing enterprises, which gives them a chance to gain market success and competitive advantage. As shown by conducted analyses, start-ups can be an efficient element that supports the development of mining and energy enterprises. At the same time, again on the basis of analyses, start-ups, quickly developing and maturing as well as seeking their own business model, exhibit the largest risk of losing financial liquidity.

scholarly journals Summary Report of the Workshop on the Interactions of Climate and Energy

1985 ◽  
Vol 66 (2) ◽  
pp. 174-184 ◽  
Author(s):  
J. B. Knox ◽  
H. Moses ◽  
M. C. MacCracken
Keyword(s):  
Supply And Demand ◽  
Regional Scale ◽  
Electric Utility ◽  
Energy Sector ◽  
Department Of Energy ◽  
Energy Industry ◽  
Future Research ◽  
Climate Information ◽  
Climate Data ◽  
Climate Analysis

The joint Industry/DOE Workshop on the Interactions of Climate and Energy was designed to bring the providers of climate information and services together with users and representatives of the oil, gas, coal, and electric utility sectors of the U.S. energy industry. Primary discussion topics included current uses of climate data, the perceived impacts of climatic anomalies on the energy sector, ways to improve the uses of climate data, and recommendations for future research by the climate community. This opportunity for such interaction generated a universal agreement among the participants that more frequent exchanges between the providers and users of climate information be planned and that better communication between the providers and users of climate data and services be established. The workshop proceedings, which is being published by the Department of Energy, presents studies on the application of existing data to the diagnosis of the climatic component in energy supply and demand and the short-term prediction of regional scale energy requirements. Staff members of the National Oceanic and Atmospheric Administration's (NOAA) National Climate Data Center (NCDC) and Climate Analysis Center (CAC) review the currently available climate data and services. Four panel reports identify and enumerate the impacts of climate on each of the segments of the energy industry and offer recommendations for improvements, further research, and, in some cases, concepts for practical demonstrations of immediate potential value to the pertinent energy sector. The panel findings and the presentations of the invited speakers contain several common themes: the need for improved data formats, the significant potential benefits of increased lead time for the seasonal climate forecast, and the necessity for improved accuracy in the forecasts of monthly and seasonal means and extremes of temperature and precipitation. Workshop participants fully recognized the difficulty of making “real” progress on some of these commonly stated objectives; however, they also recognized that the benefits of striving to achieve these goals may, indeed, be sufficiently great to justify the quest for progress through focused research efforts.

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