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​Demand-Side Peer-to-Peer Energy Trading provides a comprehensive study of the latest developments in technology, protocols, implementation, and application of peer-to-peer and transactive energy concepts in energy systems and their role in worldwide energy evolution and decarbonization efforts. It presents practical aspects and approaches with evidence from applications to real-world energy systems through in-depth technical discussions, use cases, and examples. This multidisciplinary reference is suitable for researchers and industry stakeholders who focus on the field of energy systems and energy economics, as well as researchers and developers from different branches of engineering, energy, computer sciences, data, economic, and operation research fields.
This book presents trading in local energy markets and communities. It covers electrical, business, economics, telecommunication, information technology (IT), environment, building, industrial, and computer science and examines the intersections of these areas with these markets and communities. Additionally, it delivers an vision for local trading and communities in smart cities. Since it also lays out concepts, structures, and technologies in a variety of applications intertwined with future smart cities, readers running businesses of all types will find material of use in the book. Manufacturing firms, electric generation, transmission and distribution utilities, hardware and software computer companies, automation and control manufacturing firms, and other industries will be able to use this book to enhance their energy operations, improve their comfort and privacy, as well as to increase the benefit from the energy system. This book is also used as a textbook for graduate level courses.
Peer-to-peer (P2P) energy trading is an innovative approach for managing increasing numbers of Distributed Energy Resources in microgrids or local energy systems. In P2P energy trading, prosumers and consumers directly trade and exchange power and energy with each other. The development of P2P energy trading is described in five key aspects, that is, market design, trading platforms, power and ICT infrastructure, regulation and policy, and from a social science perspective. A general multiagent framework is established to simulate the behaviour of and interaction between multiple entities in P2P energy trading. A general evaluation index hierarchy is proposed to assess various P2P energy trading mechanisms. Finally, a residential community that is set in the context of Great Britain is studied using multiagent simulation and hierarchical evaluation methods. Both the technical and economic benefits of P2P energy trading are demonstrated.
Present energy systems are undergoing a radical transformation, driven by the urgent need to address the climate change crisis. At the same time, we are witnessing the sharp growth of energy data and a revolution of advanced technologies, with artificial intelligence (AI) and Blockchain emerging as two of the most transformative technologies of our time. The convergence of these two technologies has the potential to create a paradigm shift in the energy sector, enabling the development of smart energy systems that are more resilient, efficient, and sustainable. This book situates itself at the forefront of this paradigm shift, providing a timely and comprehensive guide to AI and Blockchain technologies in the energy system. Moving from an introduction to the basic concepts of smart energy systems, this book proceeds to examine the key challenges facing the energy system, and how AI and Blockchain can be used to address these challenges. Research examples are presented to showcase the role and impact of these new technologies, while the latest developed testbeds are summarised and explained to help researchers accelerate their development of these technologies. This book is an indispensable guide to the current changes in the energy system, being of particular use to industry professionals, from researchers to management, looking to stay ahead of technological developments.
Smart distribution networks are one of the key research topics of countries looking to modernise electric power networks. Smart Electricity Distributions Networks aims to provide a basic discussion of the smart distribution concept and new technologies related to it, including distributed energy resources (DERs), demand side integration, microgrids, CELL and virtual power plants. With writing from leading contributors in the field of smart distribution networks, this volume discusses different concepts within the field as well as the best methods to analyse smart distribution systems to provide a cohesive overview of issues relating to Smart Grid and related technologies. This book will be valuable to those with an interest in understanding the technologies and performance of smart distribution networks as well as engaging with the wider debate over the future Smart Grid.
Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage
This book focuses on the fundamental principles and latest research findings in hydrogen energy fields including: hydrogen production, hydrogen storage, fuel cells, hydrogen safety, economics, and the impact on society. Further, the book introduces the latest development trends in practical applications, especially in commercial household fuel cells and commercial fuel cell vehicles in Japan. This book not only helps readers to further their basic knowledge, but also presents the state of the art of hydrogen-energy-related research and development. This work serves as an excellent reference for beginners such as graduate students, as well as a handbook and systematic summary of entire hydrogen-energy systems for scientists and engineers.
Advances in Digitalization and Machine Learning for Integrated Building-Transportation Energy Systems examines the combined impact of buildings and transportation systems on energy demand and use. With a strong focus on AI and machine learning approaches, the book comprehensively discusses each part of the energy life cycle, considering source, grid, demand, storage, and usage. Opening with an introduction to smart buildings and intelligent transportation systems, the book presents the fundamentals of AI and its application in renewable energy sources, alongside the latest technological advances. Other topics presented include building occupants’ behavior and vehicle driving schedule with demand prediction and analysis, hybrid energy storages in buildings with AI, smart grid with energy digitalization, and prosumer-based P2P energy trading. The book concludes with discussions on blockchain technologies, IoT in smart grid operation, and the application of big data and cloud computing in integrated smart building-transportation energy systems. A smart and flexible energy system is essential for reaching Net Zero whilst keeping energy bills affordable. This title provides critical information to students, researchers and engineers wanting to understand, design, and implement flexible energy systems to meet the rising demand in electricity. Introduces spatiotemporal energy sharing with new energy vehicles and human-machine interactions Discusses the potential for electrification and hydrogenation in integrated building-transportation systems for sustainable development Highlights key topics related to traditional energy consumers, including peer-to-peer energy trading and cost-benefit business models