Smart Contracts in Energy Systems
Presented by: Dr. Desen Kirli, Dr. Benoit Couraud, and Dr. Valentin Robu
Given the ongoing transition towards a more decentralised energy system, the potential of blockchain-enabled smart contracts for the energy sector is being increasingly recognised. Due to their self-executing and tamper-proof nature, they are a key technology for enabling the transition to a more efficient, transparent and transactive energy market. Their applications include coordination of smart electric vehicle charging, automated demand-side response, peer-to-peer energy trading and allocation of control duties amongst the network operators. Nevertheless, their use in the energy sector is still in its early stages as there are many challenges related to security and scalability. In this webinar, we reflect our findings from the systematic review of 178 peer-reviewed publications and 13 innovation projects. This webinar offers a broad perspective on the opportunities and challenges that stakeholders using this technology face, in current and emergent markets. We demonstrate a systematic model of the smart contracting process, by using our novel 6-layer architecture, and share our open-source sample energy contract code. We focus on two mainstream application areas identified as; energy and flexibility trading, and distributed control. The webinar concludes with a critical discussion of the challenges and a set of recommendations that researchers should consider when applying smart contracts in energy systems.
INTENDED AUDIENCE:
Smart grid researchers, Energy engineers, Power system engineers, Energy market analysts/specialists, Blockchain specialists, Energy systems researchers, Energy system modellers.
ABOUT THE SPEAKERS
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Tags & Topics for This Webinar:
Blockchain; Data privacy; Decentralised energy systems; Distributed ledger; Energy management; Energy markets; Energy trading; Energy smart contracts; Local energy markets; Local energy systems; Peer-to-peer trading; Power systems; Smart charging; Smart contracts; Smart energy contracts; Smart grids; Transactive energy
AFTER THE WEBINAR IS PRESENTED
For any questions, please contact Phyllis Caputo at p.caputo@ieee.org. To view previous webinars on-demand, visit the IEEE Smart Grid Resource Center |