Distributed Renewable Energy Management: A Gap Analysis and Proposed Blockchain-Based Architecture

Annegret Henninger and Atefeh Mashatan
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Annegret Henninger: Ted Rogers School of Management, Ryerson University, 350 Victoria St., Toronto, ON M5B 2K3, Canada
Atefeh Mashatan: Ted Rogers School of Management, Ryerson University, 350 Victoria St., Toronto, ON M5B 2K3, Canada

JRFM, 2022, vol. 15, issue 5, 1-25

Abstract: The heterogeneous and decentralized nature of renewable energy sources is too much to handle for traditional and centralized IT grid infrastructure. Blockchain technology can address many of the associated challenges. This paper provides an overview of the state-of-the-art technology layers of grid system infrastructure, a proposed future state using blockchain technology, and gap analysis. The paper also contributes a set of architectural requirements for a blockchain-enabled future state and a proposed hybrid architecture using blockchain technology, verifiable credentials, and smart contracts. This architecture can uniquely support the technology layers critical to renewable energies, including system architecture, registries, grid management, billing, privacy, and interoperability.

Keywords: blockchain; renewable energy; P2P; smart grid; microgrid; IT architecture; grid management; IT infrastructure; verifiable credentials (VC); decentralized IDs (DID) (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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