Smart grids, incorporating distributed clean energy generation, storage, and prosumers, represent the future of energy systems. These grids require two-way digital communication among multiple energy producers and consumers, enabling small-scale electricity production, buying, and selling. Such systems demand reliable mechanisms to maintain, verify, and record transaction information.
Blockchain technology addresses these needs through smart contracts, peer-to-peer energy trading, and immutable transaction records. As a digital ledger accessible across an entire network, blockchain, when combined with sensors to track energy flows, can facilitate efficient and secure operation of smart grids.
Following an introduction to blockchain, chapters explore its integration with IoT, IoT- and blockchain-enabled smart grids, sensor deployment, security and privacy considerations, applications of machine and deep learning, energy storage and transaction management, and the use of cryptocurrencies for energy transactions.
Authored by an international, multidisciplinary team, this book provides researchers in power systems and related economics fields with a comprehensive resource on applying blockchain technology to smart grids.
