Javascript must be enabled to continue!
Blockchain‐Enabled Integrated Energy System Trading Model for CCS‐P2G‐Coupled Operation: Enhancing Energy Trading Efficiency and Carbon Emission Reduction
View through CrossRef
The need for sustainable integrated energy systems to mitigate environmental impact is hindered by challenges in fluctuating demand, trading reliability, and trustworthiness. This paper proposes an innovative approach to tackle these challenges by introducing a blockchain‐based integrated energy system trading model with smart contracts. It is intricately linked with the operation of carbon capture and storage (CCS) technology and power‐to‐gas (P2G) equipment. The CCS‐P2G‐coupled operation principle is first outlined, followed by the presentation of a comprehensive system model. The peer‐to‐peer (P2P) energy trading algorithm is enhanced using the Bloom filtering technique. Leveraging smart contracts, a distributed energy trading mechanism is employed, resulting in a meticulously constructed integrated energy system trading model for CCS‐P2G‐coupled operation. The proposed model is rigorously evaluated for energy trading efficiency and system performance, revealing significant improvements compared to prior studies and showcasing substantial cumulative benefits. Three operation scenarios are examined, with experimental results highlighting the model’s superior carbon emission reduction capacity. This study introduces an innovative paradigm for trading and managing integrated energy systems, holding potential implications for the sustainable development and decarbonization transition of future energy systems.
Title: Blockchain‐Enabled Integrated Energy System Trading Model for CCS‐P2G‐Coupled Operation: Enhancing Energy Trading Efficiency and Carbon Emission Reduction
Description:
The need for sustainable integrated energy systems to mitigate environmental impact is hindered by challenges in fluctuating demand, trading reliability, and trustworthiness.
This paper proposes an innovative approach to tackle these challenges by introducing a blockchain‐based integrated energy system trading model with smart contracts.
It is intricately linked with the operation of carbon capture and storage (CCS) technology and power‐to‐gas (P2G) equipment.
The CCS‐P2G‐coupled operation principle is first outlined, followed by the presentation of a comprehensive system model.
The peer‐to‐peer (P2P) energy trading algorithm is enhanced using the Bloom filtering technique.
Leveraging smart contracts, a distributed energy trading mechanism is employed, resulting in a meticulously constructed integrated energy system trading model for CCS‐P2G‐coupled operation.
The proposed model is rigorously evaluated for energy trading efficiency and system performance, revealing significant improvements compared to prior studies and showcasing substantial cumulative benefits.
Three operation scenarios are examined, with experimental results highlighting the model’s superior carbon emission reduction capacity.
This study introduces an innovative paradigm for trading and managing integrated energy systems, holding potential implications for the sustainable development and decarbonization transition of future energy systems.
Related Results
CCS- A Bitter Past or a Prospective Future
CCS- A Bitter Past or a Prospective Future
Abstract
Carbon Capture and Storage (CCS) is indeed a very effective technology in reducing the CO2 concentrations from the atmosphere and possesses massive potentia...
Convergence and representation of blockchain and smart contracts using the semantic web
Convergence and representation of blockchain and smart contracts using the semantic web
The Internet and the World Wide Web were designed with the intention of being decentralised and interoperable, and therefore more democratic, where users have power over their data...
La qualification de la blockchain
La qualification de la blockchain
La création de la blockchain a remis en question les notions traditionnelles de collaboration et d'échange. Cette thèse vise à démontrer que cette innovation n'est pas seulement te...
Well Engineering Aspects and Risk Analysis of Carbon Capture and Storage (CCS) Wells
Well Engineering Aspects and Risk Analysis of Carbon Capture and Storage (CCS) Wells
Abstract
Interest in strategies to reduce greenhouse gas emissions has increased as a result of rising awareness of international climate change target. On such tech...
Optimization of operation and dispatching of integrated energy system based on Nash bargaining model
Optimization of operation and dispatching of integrated energy system based on Nash bargaining model
INTRODUCTION: With the growing energy demand, the Integrated Energy System (IES) has attracted wide attention for its high efficiency, economy, and environmental friendliness. Co...
The Role of Blockchain and AI in the Future of Energy Trading: A Technological Perspective on Transforming the Oil & Gas Industry by 2025
The Role of Blockchain and AI in the Future of Energy Trading: A Technological Perspective on Transforming the Oil & Gas Industry by 2025
The convergence of blockchain and artificial intelligence (AI) is poised to revolutionize energy trading in the oil and gas industry by 2025. These technologies are enhancing trans...
Anomaly Detection in Blockchain Using Machine Learning
Anomaly Detection in Blockchain Using Machine Learning
Blockchain technology has gained significant attention as a secure and decentralized platform for various applications. However, the immutable and distributed nature of blockchain ...
Techno-Economic Modeling & Conceptual Design Optimization of CCS Facilities using Value Engineering & Multi-Objective Stochastic Algorithm
Techno-Economic Modeling & Conceptual Design Optimization of CCS Facilities using Value Engineering & Multi-Objective Stochastic Algorithm
Abstract
Profound scientific insight into the carbon cycle and deeper understanding of the potential consequences associated with risks of climate change, along with...

