The Intersection of Blockchain and Energy Trading
Exploring Decentralized Solutions for Next-Generation Energy Markets
- 1st Edition - November 1, 2024
- Editors: Sidique Gawusu, Abubakari Ahmed, Seidu Abdulai Jamatutu
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 4 3 - 2 3 6 2 7 - 3
- eBook ISBN:9 7 8 - 0 - 4 4 3 - 2 3 6 2 8 - 0
The Intersection of Blockchain and Energy Trading: Exploring Decentralized Solutions for Next-Generation Energy Markets equips readers with a practical understanding of the oppor… Read more
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Request a sales quoteThe Intersection of Blockchain and Energy Trading: Exploring Decentralized Solutions for Next-Generation Energy Markets equips readers with a practical understanding of the opportunities and challenges of this cutting-edge technology for the renewable energy markets of the future.
Its multidisciplinary team of authors and editors provide a holistic guide to blockchain in energy markets, beginning with the fundamentals of energy trading and foundational principles of blockchain technology. Subsequent chapters demonstrate the applied opportunities for a variety of energy outcomes including renewable energy, decentralized energy, and electric vehicles.
Essential use-cases such as demand response and ancillary services are covered, and the final chapters offer guidance on the impact of the technology for energy poverty and sustainability. Packed with models, case studies, and tools for implementation and practice, this book is an essential guide for researchers and professionals at the forefront of energy market innovation.
- Introduces readers to the fundamentals of this innovative technique and its benefits for the energy trading sector
- Provides clear and practical tools for the implementation of the technologies, from a multidisciplinary perspective
- Demonstrates the challenges and opportunities of blockchain in enabling renewable and sustainable energy
Professionals involved in the energy trading industry interested in exploring blockchain technology’s potential to improve the efficiency, security, and transparency of energy trading, Researchers and graduate students in the energy field
- Title of Book
- Cover image
- Title page
- Table of Contents
- Copyright
- List of contributors
- Preface
- Acknowledgments
- Chapter 1. Introduction
- Abstract
- 1.1 Introduction
- 1.2 Background
- 1.3 Summary of the book chapters
- References
- Chapter 2. Understanding energy trading: market structure, key participants, and services
- Abstract
- 2.1 Introduction
- 2.2 Energy market and trading: state-of-the-art
- 2.3 The economics of energy trading
- 2.4 Major events and processes in energy trading
- 2.5 Regulatory framework
- 2.6 Challenges in energy trading
- 2.7 Electricity service market
- 2.8 Emerging trends
- 2.9 Summary
- References
- Chapter 3. Blockchain technology: evolution, potentials, and operational challenges
- Abstract
- 3.1 Introduction
- 3.2 Historical development of blockchain technology
- 3.3 Nature/types of blockchain
- 3.4 Advantages of blockchain technology
- 3.5 Challenges and limitations
- 3.6 Blockchain in practice
- 3.7 Blockchain and energy trading
- 3.8 Summary of the chapter
- References
- Chapter 4. Decentralized energy trading with blockchain technology
- Abstract
- 4.1 Introduction
- 4.2 Blockchain in energy trading
- 4.3 Mechanisms of blockchain in decentralized trading
- 4.4 Case studies of blockchain in energy trading
- 4.5 Challenges and barriers
- 4.6 Future perspectives
- 4.7 Summary
- References
- Chapter 5. Demand response and blockchain technology
- Abstract
- 5.1 Demand response and blockchain technology
- 5.2 The potential of blockchain technology in demand response
- 5.3 Blockchain-based solutions for demand response
- 5.4 Case studies of blockchain-based demand response projects
- 5.5 Summary
- References
- Chapter 6. Renewable energy and blockchain
- Abstract
- 6.1 Overview of renewable energy
- 6.2 The potential of blockchain technology in renewable energy
- 6.3 Blockchain-based solutions for renewable energy markets
- 6.4 Case studies of blockchain-based renewable energy projects
- 6.5 Summary
- References
- Chapter 7. Revolutionizing energy systems: the impact of blockchain on renewable energy integration
- Abstract
- 7.1 Introduction
- 7.2 The renewable energy challenge
- 7.3 Blockchain technology fundamentals: definition, key components, and principles
- 7.4 Blockchain and renewable energy integration
- 7.5 Regulatory and policy considerations
- 7.6 Future trends
- 7.7 Challenges and obstacles
- 7.8 Conclusion and policy recommendations
- AI disclosure
- References
- Chapter 8. Managing ancillary services in energy trading with blockchain technology
- Abstract
- 8.1 Introduction
- 8.2 Categories/types of ancillary services
- 8.3 Challenges in traditional management of ancillary services
- 8.4 The role of blockchain in ancillary services
- 8.5 Case studies and current implementations
- 8.6 Blockchain mechanisms for ancillary services
- 8.7 Regulatory and operational considerations
- 8.8 Future trends in blockchain and ancillary services
- 8.9 Summary
- References
- Chapter 9. Electricity prosumption adoption: what to know and what you can do
- Abstract
- 9.1 Introduction
- 9.2 Understanding electricity prosumption
- 9.3 What you can do: embracing electricity prosumption
- 9.4 Electricity fundamentals
- 9.5 How solar photovoltaic system works
- 9.6 Solar photovoltaic system planning, designing, and installation
- 9.7 Permit and approvals
- 9.8 Procurement and preparation
- 9.9 Energy management system
- 9.10 Rooftop solar photovoltaic grid integration
- 9.11 Solar photovoltaic peer-to-peer trading
- 9.12 Blockchain technology in solar peer-to-peer
- 9.13 The future of electricity prosumption
- 9.14 Conclusion
- References
- Chapter 10. Energy poverty and sustainability within the framework of blockchain technology
- Abstract
- 10.1 Introduction
- 10.2 Policy analysis
- 10.3 Case studies
- 10.4 Future directions
- 10.5 Conclusion
- References
- Chapter 11. Conclusion
- Abstract
- 11.1 Market structure, key participants in energy trading
- 11.2 Evolution, potentials and operational challenges of blockchain technology in energy trading
- 11.3 Decentralized energy trading with blockchain technology
- 11.4 Demand response and blockchain technology
- 11.5 Renewable energy integration and blockchain
- Index
- No. of pages: 300
- Language: English
- Edition: 1
- Published: November 1, 2024
- Imprint: Elsevier
- Paperback ISBN: 9780443236273
- eBook ISBN: 9780443236280
SG
Sidique Gawusu
Dr Sidique Gawusu has research interests and publications spanning applied and computational mathematics, blockchain technology, energy, sustainability, and public policy. His primary focus is on the application of blockchain technology to energy systems, which has the potential to transform how we generate, distribute, and consume energy. This work is particularly relevant to renewable energy, grid management, and energy trading.
Sidique has contributed significantly as the lead researcher for the United Nations Global Environment Outlook (GEO-6) and the BRICS Energy Outlook. His efforts have provided policymakers and governments with valuable insights and recommendations on issues related to the environment, energy, and sustainability."
Affiliations and expertise
Whiting School of Engineering, Johns Hopkins University, Baltimore, USAAA
Abubakari Ahmed
Dr. Abubakari Ahmed is currently a Lecturer at the SD Dombo University of Business and Integrated Development Studies, Ghana. His research focuses primarily on sustainable generation, distribution, and consumption of energy, with a particular emphasis on energy economics, renewable energy markets, and energy trading. Dr. Ahmed has made significant contributions to the field, publishing his work in reputable journals such as Trends in Ecology and Evolution and Renewable and Sustainable Energy Reviews. He has over 40 publications and has co-edited three books. Dr. Ahmed is a recipient of several international awards and grants, including the prestigious Green Talent Award for the best young sustainability scientist by the German government and the Alexander von Humboldt fellowship. He has also been awarded the Social Science Research Council grant and the International Foundation for Science individual grant.
Affiliations and expertise
Department of Urban Design and Infrastructure Studies, SD Dombo University of Business and Integrated Development Studies, Bamahu-Wa, GhanaSJ
Seidu Abdulai Jamatutu
S.A Jamatutu is a management consultant and PhD student pursuing PhD Management Science and Engineering at the School of Economics and Management- Nanjing University of Science and Technology-China. He holds an MSc in International oil & Gas Management- CEPMLP, University of Dundee, Scotland, UK, and BA in IDS (Economics and Entrepreneurship Development), UDS, Wa Campus-Ghana. He focuses on efficient energy resource exploration, emerging technologies and environmental sustainability.
Affiliations and expertise
Nanjing University of Science and Technology, Nanjing, ChinaRead The Intersection of Blockchain and Energy Trading on ScienceDirect