Privacy-Preserving Platform for Transactive Energy Systems

TL;DR

This paper presents a blockchain-based transactive energy platform designed to address privacy concerns and facilitate decentralized control and financial transactions in renewable energy systems.

Contribution

It introduces a novel blockchain architecture tailored for transactive energy systems, emphasizing privacy preservation and decentralized market operations.

Findings

Successful implementation of a blockchain platform for TES

Key architectural components identified and described

Lessons learned for future development and deployment

Abstract

Transactive energy systems (TES) are emerging as a transformative solution for the problems faced by distribution system operators due to an increase in the use of distributed energy resources and a rapid acceleration in renewable energy generation. These, on one hand, pose a decentralized power system controls problem, requiring strategic microgrid control to maintain stability for the community and for the utility. On the other hand, they require robust financial markets operating on distributed software platforms that preserve privacy. In this paper, we describe the implementation of a novel, blockchain-based transactive energy system. We outline the key requirements and motivation of this platform, describe the lessons learned, and provide a description of key architectural components of this system.