WoS İndeksli Yayınlar Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/394

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Author: search.filters.author.Jung, JaesungSubject: search.filters.subject.Blockchain

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  • Article
    Citation - WoS: 16
    Citation - Scopus: 23
    Review on Energy Application Using Blockchain Technology With an Introductions in the Pricing Infrastructure
    (IEEE-Inst Electrical Electronics Engineers Inc, 2022) Al-Abri, Tariq; Onen, Ahmet; Al-Abri, Rashid; Hossen, Abdulnasir; Al-Hinai, Amer; Jung, Jaesung; Ustun, Taha Selim
    With the rapid transformation of the energy sector towards modern power systems represented by smart grids (SGs), microgrids (MG), and distributed generation, blockchain (BC) technology has shown the capability for solving security, privacy, and reliability challenges that hinder progress. Currently, the energy structure is forming a decentralized system that prioritizes customer satisfaction. BC technology undertakes power network stockholders in a secure energy market, transparent transactions, and fair competition and offers promising energy solutions. This paper is a comprehensive review of energy applications using BC integration. Firstly, we introduce the drivers of BC leverage that make it a potentially important component of the power network. Following that, we provide background information on BC and its application in areas other than the energy sector. Subsequently, we discuss studies and sort potential energy applications from various recent papers and surveys that have already adopted BC technology in the energy sector. Then, we summarize the pricing infrastructure for applying BC in the energy sector and identify the requirements to build it. Finally, energy security and privacy challenges based on BC are highlighted, along with potential drawbacks and concerns related to the pricing infrastructure.
  • Article
    Citation - WoS: 27
    Citation - Scopus: 31
    Energy Trading on a Peer-to-Peer Basis Between Virtual Power Plants Using Decentralized Finance Instruments
    (MDPI, 2022-10-16) Seven, Serkan; Yoldas, Yeliz; Soran, Ahmet; Alkan, Gulay Yalcin; Jung, Jaesung; Ustun, Taha Selim; Onen, Ahmet; Yalcin Alkan, Gulay
    Over time, distribution systems have begun to include increased distributed energy resources (DERs) due to the advancement of auxiliary power electronics, information and communication technologies (ICT), and cost reductions. Electric vehicles (EVs) will undoubtedly join the energy community alongside DERs, and energy transfers from vehicles to grids and vice versa will become more extensive in the future. Virtual power plants (VPPs) will also play a key role in integrating these systems and participating in wholesale markets. Energy trading on a peer-to-peer (P2P) basis is a promising business model for transactive energy that aids in balancing local supply and demand. Moreover, a market scheme between VPPs can help DER owners make more profit while reducing renewable energy waste. For this purpose, an inter-VPP P2P trading scheme is proposed. The scheme utilizes cutting-edge technologies of the Avalanche blockchain platform, developed from scratch with decentralized finance (DeFi), decentralized applications (DApps), and Web3 workflows in mind. Avalanche is more scalable and has faster transaction finality than its layer-1 predecessors. It provides interoperability abilities among other common blockchain networks, facilitating inter-VPP P2P trading between different blockchain-based VPPs. The merits of DeFi contribute significantly to the workflow in this type of energy trading scenario, as the price mechanism can be determined using open market-like instruments. A detailed case study was used to examine the effectiveness of the proposed scheme and flow, and important conclusions were drawn.