Cybersecurity of Renewable Energy Data and Applications Using Distributed Ledger Technology

10/21/2021
by   Umit Cali, et al.
0

Renewable energy sources (RES) are among the most popular emerging energy resources during the past two decades. Many countries have introduced various energy policy instruments, such as renewable energy certificates (RECs), to support the growth of RES. RECs are tradable non-tangible assets, which have a monetary value. Tracking and certification of the origin of an energy resource regardless of its type (e.g., a conventional power plant or RES) is a critical operation. In addition to the certification of origin, trading transactions are needed to be performed using a secure method. Energy industry participants need to secure the data and applications related to RECs. Distributed ledger technology (DLT) is a perfect framework that can support such REC functionalities. This paper addresses the cybersecurity aspects in REC trading using Blockchain and a distributed ledger technology, considering detailed cybersecurity perspectives.

READ FULL TEXT
POST COMMENT

Comments

There are no comments yet.

Authors

page 3

page 5

02/19/2019

When Energy Trading meets Blockchain in Electrical Power System: The State of the Art

With the rapid growth of renewable energy resources, the energy trading ...
10/26/2020

Blockchain-Empowered Socially Optimal Transactive Energy System: Framework and Implementation

Transactive energy plays a key role in the operation and energy manageme...
07/28/2018

SPB: A Secure Private Blockchain-based Solution for Energy Trading

Blockchain is increasingly being used to provide a distributed, secure, ...
03/10/2021

Exploring Blockchain for The Coordination of Distributed Energy Resources

The fast growth of distributed energy resources (DERs), such as distribu...
08/12/2020

Computational Framework for Behind-The-Meter DER Techno-Economic Modeling and Optimization – REopt Lite

The global energy system is undergoing a major transformation. Renewable...
10/11/2019

Safe and Private Forward-Trading Platform for Transactive Microgrids

Transactive microgrids have emerged as a transformative solution for the...
02/04/2021

Optimizing Blockchain Based Smart Grid Auctions: A Green Revolution

Integrating blockchain with energy trading is a new paradigm for researc...
This week in AI

Get the week's most popular data science and artificial intelligence research sent straight to your inbox every Saturday.