Distributed Transactive Energy Systems

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* Article: Microgrid Transactive Energy: Review, Architectures, Distributed Ledger Technologies, and Market Analysis. By Muhammad F. Zia; Mohamed Benbouzid; Elhoussin Elbouchikhi, et al. IEEE Access >Volume: 8, 2020

URL = https://ieeexplore.ieee.org/abstract/document/8966274

Abstract

"Distributed energy resources, demand response, distributed ledger technologies, and local energy markets are integral parts of transaction energy system for emergence of decentralized smart grid system. Hence, this paper discusses transactive energy concept and proposes seven functional layers architecture for designing transactive energy system. The proposed architecture is compared with practical case study of Brooklyn microgrid. Moreover, this paper reviews the existing architectures and explains the widely known distributed ledger technologies (blockchain, directed acyclic graph, hashgraph, holochain, and tempo) alongwith their advantages and challenges. The local energy market concept is presented and critically analyzed for energy trade within a transactive energy system. This paper also reviews the potential and challenges of peer-to-peer and community-based energy markets. Proposed architecture and analytical review of distributed ledger technologies and local energy markets pave the way for advanced research and industrialization of transactive energy systems."