Sustainable and Secure Renewable Energy Trading System Based on Digital Twin, Blockchain and Game Theory Integration

Ashutosh Dhar Dwivedi, Rajani Singh, Rasmus Lovenstein Olsen, Peyman Pahlevani

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

Renewable energy significantly reduces carbon emis- sions, combats climate change, and paves the way for a sustainable future for generations to come. In alignment with other countries' efforts towards climate change mitigation and sustainability, Denmark is committed to achieving a 70% reduction in emissions by 2030 and ultimately reaching zero emissions by 2050 within its borders. While solar and wind power are the primary sources of renewable energy, their intermittent nature poses challenges when energy demand is high. Consequently, energy storage emerges as a critical concern. To address this, sector coupling and an efficient energy trading system are pivotal, as they interconnect energy- consuming sectors with power-producing sectors to maximize the efficient utilization of renewable energy. This paper delves into the potential benefits of integrating digital twin and blockchain technology into renewable energy trading and sector coupling.
Original languageEnglish
Title of host publicationProceedings of International Conference on Contemporary Computing and Informatics, IC3I 2023
Number of pages7
PublisherInstitute of Electrical and Electronics Engineers Inc.
Publication date2023
Pages1014-1020
ISBN (Electronic)9798350304480
DOIs
Publication statusPublished - 2023
Event6th International Conference on Contemporary Computing and Informatics, IC3I 2023 - AMITY University, Gautam Buddha Nagar, India
Duration: 14 Sept 202316 Sept 2023
https://amity.edu/ic3i2023/

Conference

Conference6th International Conference on Contemporary Computing and Informatics, IC3I 2023
LocationAMITY University
Country/TerritoryIndia
CityGautam Buddha Nagar
Period14/09/202316/09/2023
Internet address

Keywords

  • Blockchain
  • Digital twin
  • Energy trading
  • Renewable energy
  • Sector coupling
  • Security
  • Sustainability

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