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Abstract
The growing prominence of solar energy in decentralized renewable energy landscapes underscores the need for efficient solar energy trading mechanisms and seamless grid integration. This decentralized renewable energy sources, especially solar energy, present a significant prospect for the production of sustainable energy. This investigation explores the use of blockchain technology as a basic framework to tackle the problems associated with grid integration and solar energy trading in a decentralized setting. It uses the built-in advantages of blockchain technology, such as trust, transparency, and smart contract automation, to address the design and execution of a platform tailored for solar energy. As a result, the system efficiency increased to 93% and the transaction confirmation time was cut from 4.5 to 2.5 s with the lowest possible transaction cost. Furthermore, this study intends to offer insightful information about the technological viability, security, and scalability of blockchain solutions in the field of solar energy, while highlighting the significance of indicators of performance for an in-depth evaluation. This novel strategy is a crucial development for the field of green energy as it promises to revolutionize the way solar energy is traded, used, and integrated into modern grids.
DISCLOSURE STATEMENT
No potential conflict of interest was reported by the authors.
Additional information
Notes on contributors
V. Karthi
V. Karthi was born in India. He received B.E. Degree in Electrical and Electronics Engineering in 2010, M.E. Degree in Control and Instrumentation Engineering in 2012 from Anna University Chennai and pursuing Ph.D degree in the field of Special Electrical Machines under Anna University Chennai. Presently he is working as an Assistant Professor, Senior Grade in the department of Electrical and Electronics Engineering at Builders Engineering College, Kangayam, Tamilnadu. He is a life time member of ISTE. He has published 3 papers in reputed journals and published 3 patents. His research interests are Special Electrical Machines and Renewable energy systems. He received best performer award in the year 2018.
S. Revathi
S. Revathi received her undergraduate degree in Electrical & Electronics Engineering from Velalar College Engineering and Technology, Erode in 2012 and Master of Engineering in Applied Electronics from Kongu Engineering College, Erode in 2014. She is currently working as Assistant Professor in the Department of Electrical & Electronics Engineering at Kongunadu college of Engineering and Technology, Trichy, Tamilnadu, India. She has attended many conferences and published a number of journals. Her research interests include power electronics, smart grid and power quality.
Ramesh Kumaraswamy
Ramesh Kumaraswamy received his Bachelor of Engineering degree in Electrical and Electronics Engineering domain from Maharaja Engineering College, Coimbatore in April 2000. He has received his Master of Engineering degree in Power System Engineering domain form Annamalai University, Tamilnadu, India in December 2002. He has received his PhD Degree from Anna University, Chennai under faculty of Electrical Engineering in May 2019. He is presently working as Associate Professor in the Department of Electrical and Electronics Engineering at Jayam College of Engineering and Technology, Dharmapuri, Tamilnadu, India. His area of interests includes Power Quality, Power System Engineering, Power Electronics, Smart Grid and Electrical Energy & Conservation. He has published 09 research articles in peer reviewed International Journals and presented 7 papers in International Conferences. He can be contacted at email: [email protected].
Arun Anthonisamy
Arun Anthonisamy received the Engineer degree in Computer Science and Engineering from Adhiparasakthi College of Engineering, Vellore in 2015. He received the Master degree in Computer Science and Engineering from SRM Valliammai Engineering College, Chennai, Tamilnadu, India in 2017. He is currently working as an Assistant Professor in the Department of Computer Science and Engineering at Karpaga Vinayaga College of Engineering and Technology, Chennai, India. His area of interests includes Computer Network, Machine Learning, AI and Internet of Things. He has published 12 articles in International Journals and 3 SCI journals. He has published a 3 Book. He has Five Indian patents and one UK Patent under his name. He can be contacted at email: [email protected].
S. D. Vijayakumar
S. D. Vijayakumar is currently working as an Associate Professor in the Department of ECE at Builders Engineering College, Tirupur, Tamilnadu. He received his Bachelor Engineering degree in Electronics and Communication Engineering from Sasurie College of Engineering, Vijayamangalam and Master Engineering degree in Computer and Communication Engineering from Mahendra Engineering College, Tiruchengode. He has over 18 years of teaching experience in the field of Electronics and Communication Engineering. Presently he is pursuing Ph.D. in the area of Information and Communication Engineering at Anna University, Chennai. His area of interests includes Mobile Adhoc Networks, Wireless Sensor Networks, Renewable Energy and Data analytics. He has published 10+ research papers in National and International Journals, presented 20+ papers in National and International Conferences. He can be contacted at email: [email protected].
A. Ramkumar
A. Ramkumar received the Ph.D degree from Kalasalingam University in the year of 2014. He received the M.E (Power Systems) degree from Faculty of Engineering and Technology, Annamalai University, Chidambaram, Tamil Nadu, India, in 2002 and received the B.E (Electrical and Electronics Engineering) from Thiagarajar College of Engineering, M.K. University, Madurai, Tamil Nadu, India in the year of 1997. He has been working as a Professor in the Department of Electrical and Electronics Engineering, Kalasalingam Academy of Research and Education, Srivilliputhur, Tamil Nadu, since 2003. He is having more than 20 years’ experience in the field of teaching. His research interests include Renewable Energy, Power System Planning, Power System Analysis, High Voltage DC transmission Systems, Reactive Power Compensation, Flexible AC transmissions Systems, Electrical Machines and Power System Automation. He is published more than 50 papers in International Journals, International & National Conferences. He is a Life member of ISTE and Member of IE(I).