Now showing 1 - 2 of 2
  • Publication
    Enabling short-term energy flexibility markets through Blockchain
    ( 2022) ; ;
    Tcholtchev, Nikolay Vassilev
    ;
    Climate change has put significant pressure on energy markets. Political decisions such as the plan of the German government to shut down coal power plants by 2038 are shifting electricity production towards renewable and distributed energy resources. The share of these resources will continue to grow significantly in the coming years. This trend changes the ways how energy markets work which mandates fundamental changes in the underlying IT infrastructure. In this paper, we propose a blockchain-based solution which enables an economically viable and grid-serving integration of distributed energy resources into the existing energy system. Our blockchain-based approach targets intraday and day-ahead operating reserve markets, on which energy grid operators and operators of distributed energy resources can trade flexibilities within the schedulable energy production and consumption of their resources. By utilizing these flexibilities as an operating reserve, renewable and climate-friendly technologies can contribute to maintaining the grid stability and security of supply while simultaneously creating economically interesting business models for their operators. We propose to define blockchain-based short-term energy markets by utilizing the concept of general-purpose smart contracts and cryptocurrencies. This enables direct and decentralized trading of energy flexibilities without any intermediary or central instance. We demonstrate the feasibility of our approach through an implementation of a prototype of the proposed markets based on the Ethereum blockchain and provide a detailed evaluation of its efficiency and scalability.
  • Publication
    Design and specification of a privacy-preserving registration for Blockchain-based energy markets
    ( 2022) ; ;
    Tcholtchev, Nikolay Vassilev
    ;
    The challenges of climate change and the related demand to integrate non-plannable and weather-dependent renewable energy resources pose enormous challenges for the entire energy domain, e.g. in the context of grid control. These challenges reveal the need for new technical solutions and new business models while they indicate the required and inevitable transition to smart grids. Many blockchain-based solutions are being discussed in this context, ranging from peer-to-peer energy trading to grid-serving applications. However, especially in connection with public blockchains, clear security privacy challenges arise since the security and privacy of private data must be guaranteed while traceability must be avoided. Therefore, in this paper, we will specify privacy-protecting registration processes for blockchain-based flexibility markets that enable pseudonymous access to the latter. Furthermore, in collaboration with a governmental regulating institution named DGA, we will show that using an existing X.509-based PKI and RSA-based cryptographic processes, the integrity of all market participants can be guaranteed. This integrity is essential for the security-critical use of operating reserve. In addition, we will evaluate the specified processes in terms of efficiency, scalability, security, and privacy protection.