Abstract
This article explores energy trading in grid-connected microgrids powered by renewable sources, utilizing cryptocurrency and blockchain technology. Through net metering, it emphasizes the proactive roles of prosumers and consumers in managing excess energy. The study investigates peer-to-peer energy transfers with blockchain-based cryptocurrencies, high-lighting their advantages in affordability, trade efficiency, and openness. Real-world case like LO3 Energy and Power Ledger are examined to address regulation, scalability, and cybersecurity concerns. The paper explores blockchain-enabled energy trade revolutionizing the industry, enhancing community resilience, accelerating renewable energy adoption, and reducing reliance on outdated technologies.
| Original language | British English |
|---|---|
| Title of host publication | 2nd International Conference on Cyber Resilience, ICCR 2024 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9798350394962 |
| DOIs | |
| State | Published - 2024 |
| Event | 2nd International Conference on Cyber Resilience, ICCR 2024 - Dubai, United Arab Emirates Duration: 26 Feb 2024 → 28 Feb 2024 |
Publication series
| Name | 2nd International Conference on Cyber Resilience, ICCR 2024 |
|---|
Conference
| Conference | 2nd International Conference on Cyber Resilience, ICCR 2024 |
|---|---|
| Country/Territory | United Arab Emirates |
| City | Dubai |
| Period | 26/02/24 → 28/02/24 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- Blockchain Technology
- Cryptocurrency
- Energy Trading
- Micro-grid
- Renewable Energy
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