Applications of blockchain and artificial intelligence technologies for
enabling prosumers in smart grids: A review
- URL: http://arxiv.org/abs/2202.10098v1
- Date: Mon, 21 Feb 2022 10:27:31 GMT
- Title: Applications of blockchain and artificial intelligence technologies for
enabling prosumers in smart grids: A review
- Authors: Weiqi Hua and Ying Chen and Meysam Qadrdan and Jing Jiang and Hongjian
Sun and Jianzhong Wu
- Abstract summary: Governments' net zero emission target aims at increasing the share of renewable energy sources.
This paper addresses how to incorporate the blockchain and AI in the smart grids for facilitating prosumers to participate in energy markets.
- Score: 12.609078866334615
- License: http://creativecommons.org/licenses/by-nc-nd/4.0/
- Abstract: Governments' net zero emission target aims at increasing the share of
renewable energy sources as well as influencing the behaviours of consumers to
support the cost-effective balancing of energy supply and demand. These will be
achieved by the advanced information and control infrastructures of smart grids
which allow the interoperability among various stakeholders. Under this
circumstance, increasing number of consumers produce, store, and consume
energy, giving them a new role of prosumers. The integration of prosumers and
accommodation of incurred bidirectional flows of energy and information rely on
two key factors: flexible structures of energy markets and intelligent
operations of power systems. The blockchain and artificial intelligence (AI)
are innovative technologies to fulfil these two factors, by which the
blockchain provides decentralised trading platforms for energy markets and the
AI supports the optimal operational control of power systems. This paper
attempts to address how to incorporate the blockchain and AI in the smart grids
for facilitating prosumers to participate in energy markets. To achieve this
objective, first, this paper reviews how policy designs price carbon emissions
caused by the fossil-fuel based generation so as to facilitate the integration
of prosumers with renewable energy sources. Second, the potential structures of
energy markets with the support of the blockchain technologies are discussed.
Last, how to apply the AI for enhancing the state monitoring and decision
making during the operations of power systems is introduced.
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