Litcius/Paper detail

Research on key technologies of P2P transaction in virtual power plant based on blockchain

Bin Li, Yang Fan, Bing Qi, Xuefeng Bai, Yi Sun, Songsong Chen

2022IET Smart Grid22 citationsDOIOpen Access PDF

Abstract

Abstract It is a critical part of increasing renewable energy accommodation by using virtual power plant (VPP) to attain carbon neutrality. However, VPP applications primarily consider VPP's participation in power market transactions as a whole and rarely consider the transaction interaction between internal resources. VPP's internal resources complement each other organically, and blockchain technology for distributed transactions has incorporated points. In this article, the authors undertake a study and examine the P2P scenario of VPP internal transactions in light of the issues experienced by DERs transactions. Next, the authors analyse the consensus mechanism, smart contract, inter‐blockchain technology, and game theory, and how to apply them in the P2P scenarios of VPP internal transactions. Further, the authors design the function of the DER transaction system, which lays the foundation for the realisation of the system in the future. Finally, the authors conclude that the potential of blockchain technology in P2P transactions between internal entities of the VPP is significant and warrants further investigation.

Topics & Concepts

BlockchainKey (lock)Database transactionComputer securityComputer scienceBusinessDatabaseBlockchain Technology Applications and SecuritySmart Grid Security and ResilienceCaching and Content Delivery
Research on key technologies of P2P transaction in virtual power plant based on blockchain | Litcius