Publication detail

Blockchain technology for distributed generation: A review of current development, challenges and future prospect

Yap, Kah Yung Chin, Hon Huin Klemes, Jaromfr

Original Title

Blockchain technology for distributed generation: A review of current development, challenges and future prospect

Type

journal article in Web of Science

Language

English

Original Abstract

The non-transparency of a centralised power system creates security issues in energy trading, and the inability of prosumers to participate in energy trading arose. Blockchain can be applied in distributed generation (DG) with its immutability, security, decentralised, transparency, anonymity, transactional data, and automation features to resolve the mentioned concerns. The applications of DG, such as renewable energy sources (RES), battery electric vehicles (BEVs), solar energy, microgrid and other new electrical components, require the need decen-tralised energy management with secured data ledger transactional record and peer-to-peer (P2P) energy trading. The research gaps and limitations are stated to point out the potential future prospect and recom-mendations. Overall, the blockchain is beneficial to be implemented in DG in terms of security enhancement, P2P energy trading, immutable transactional records and transparent transactions. As compared to the centralised system, the decentralised blockchain enables the scalability, privacy, autonomous trading, anonymity, legitimate auditing and low latency of DG operations. This study serves as a guide to accelerating the adoption of block -chain technology in the emerging DG. The research outcome of this review is a wider perspective of blockchain applicability and versatility in the DG sector in terms of decentralisation of grid operation, P2P energy trading and energy optimisation. The review also highlights the limitations and clarifies technical issues concerning the implementations of blockchain in the DG sector, the current applications and development trends and possible future recommendations for the blockchain in advancing the DG sector.

Keywords

Battery electric vehicle; Blockchain; Distributed generation; Distributed ledger; Microgrid; Peer-to-peer energy trading; Renewable energy sources

Authors

Yap, Kah Yung; Chin, Hon Huin; Klemes, Jaromfr

Released

1. 4. 2023

Publisher

PERGAMON-ELSEVIER SCIENCE LTDTHE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND

Location

PERGAMON-ELSEVIER SCIENCE LTDTHE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND

ISBN

1364-0321

Periodical

RENEWABLE & SUSTAINABLE ENERGY REVIEWS

Number

175

State

United States of America

Pages count

22

URL

https://www.sciencedirect.com/science/article/pii/S1364032123000266?via%3Dihub

BibTex

@article{BUT187698,
  author="Yap, Kah Yung and Chin, Hon Huin and Klemes, Jaromfr",
  title="Blockchain technology for distributed generation: A review of current development, challenges and future prospect",
  journal="RENEWABLE & SUSTAINABLE ENERGY REVIEWS",
  year="2023",
  number="175",
  pages="22",
  doi="10.1016/j.rser.2023.113170",
  issn="1364-0321",
  url="https://www.sciencedirect.com/science/article/pii/S1364032123000266?via%3Dihub"
}