Decentralized energy networks based on blockchain: Background, overview and concept discussion

Authors Mario Pichler
Marcus Meisel
Andrija Goranovic
Kurt Leonhartsberger
Georg Lettner
Georgios C. Chasparis
Heribert Vallant
Stefan Marksteiner
Hemma Bieser
Editors W. Abramowicz
A. Paschke
Title Decentralized energy networks based on blockchain: Background, overview and concept discussion
Booktitle Business Information Systems Workshops (BIS 2018), Revised Papers
Type in book
Publisher Springer
Series Lecture Notes in Business Information Processing
Volume 339
ISBN 978-3-030-04848-8
DOI 10.1007/978-3-030-04849-5_22
Month January
Year 2019
Pages 244-257
SCCH ID# 18038
Abstract

This paper provides a snapshot of the globally ongoing decentralization of (business) relations in the energy sector. This tendency can be observed in other domains as well and is accompanied by new digital technological developments. Blockchain technology is assigned disruptive potential when it comes to realize those decentralization ideas. This hype about Blockchain is mainly company-driven without a solid academic basis yet. The authors are currently involved in several research efforts for utilizing distributed energy resources like photovoltaic systems, batteries and electric cars for the setup of energy communities and marketplaces. The paper, therefore, presents detailed investigations of background and motivations for decentralization and the building of (local) energy communities and (peer-to-peer) marketplaces for sustainable utilization of renewable energies. An overview of recent related Blockchain-based works is presented, and the current state and feasibility for the realization of the envisioned decentralized solutions are discussed. In this way, the work aimed at contributing to a research-based decision foundation for upcoming Blockchain-based decentralization efforts.