IEEE Electrification - September 2021 - 46

By Farrokh Rahimi and Sasan Mokhtari
Grid-Edge
Blockchain-Based
Transactive Energy
Platform
Design and implementation.
W
ITH THE UPWARD TREND OF THE ACTIVE
participation of distributed energy resources
(DERs) and grid-edge assets in grid and
market operations, there is increased
interest in transactive energy (TE) systems
that support both peer-to-market and peer-to-peer energy
exchanges. Peer-to-market transactions generally involve
the market-based provision of grid services by prosumers
(owners and operators of grid-edge assets, or their
agents). Peer-to-peer transactions include bilateral
exchanges of energy and energy derivatives among prosumers.
Associated with this trend, there is growing interest
in the potential use of blockchain technology to
facilitate and enhance the security of transactive
exchanges and streamline the associated settlement processes.
This article presents a blockchain-based transactive
energy BCTE (BCTE) platform design that supports
peer-to-peer and peer-to-market transactive exchanges
from grid-edge assets. An energy-blockchain-as-a-service
(EBaaS) platform implementation is discussed, along with
an illustrative use case.
A BCTE Platform
With the rising demand for the active participation of
DERs and grid-edge assets in electricity grid and market
Digital Object Identifier 10.1109/MELE.2021.3093599
Date of current version: 2 September 2021
46
IEEE Electrification Magazine / SEPTEMBER 2021
2325-5897/21©2021IEEE

IEEE Electrification - September 2021

Table of Contents for the Digital Edition of IEEE Electrification - September 2021

IEEE Electrification - September 2021 - Cover1
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IEEE Electrification - September 2021 - Cover3
IEEE Electrification - September 2021 - Cover4
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