Exploring the potential of blockchain as an enabler for three types of energy communities

Kirsi Kotilainen; Jussi Valta; Kari Systä; Saku Mäkinen; Pertti Järventausta; Tomas Björkqvist

doi:10.1109/EEM.2019.8916261

Exploring the potential of blockchain as an enabler for three types of energy communities

Kirsi Kotilainen
, Jussi Valta
, Kari Systä
, Saku Mäkinen
, Pertti Järventausta
, Tomas Björkqvist

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

4 Citations (Scopus)

19 Downloads (Pure)

Abstract

We focus on exploring the opportunities related to blockchain in regard to three different types of energy communities i.e., industrial microgrid, apartment building and virtual community, as seen by a group of Finnish energy sector experts. To address the research problem, we first summarize results from literature for blockchain as an enabler for energy communities, discuss the technical aspects of blockchain and summarize the status of ongoing pilots and demonstrations around blockchain. Our results from empirical study among energy industry experts show that there clearly is potential for blockchain as an enabler especially of energy efficient use of resources, trading without intermediaries, load balancing, new business, automated functions and long-range in system valuable resources. Despite this potential, multiple gaps exist and future research on blockchain is still called for.

Original language	English
Title of host publication	16th International Conference on the European Energy Market (EEM’19)
Subtitle of host publication	18-20 Sept. 2019, Ljubljana, Slovenia.
Publisher	IEEE
Number of pages	6
ISBN (Electronic)	978-1-7281-1257-2
ISBN (Print)	978-1-7281-1258-9
DOIs	https://doi.org/10.1109/EEM.2019.8916261
Publication status	Published - Sept 2019
Publication type	A4 Article in conference proceedings
Event	International Conference on the European Energy Market - Duration: 1 Jan 2004 → …

Conference

Conference	International Conference on the European Energy Market
Period	1/01/04 → …

Publication forum classification

Publication forum level 1

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10.1109/EEM.2019.8916261

Exploring the Potential of Blockchain 2019
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Accepted author manuscript, 406 KB

http://urn.fi/URN:NBN:fi:tuni-202012018353

Cite this

@inproceedings{cf18c402cbf046419f4b9c404148d729,

title = "Exploring the potential of blockchain as an enabler for three types of energy communities",

abstract = "We focus on exploring the opportunities related to blockchain in regard to three different types of energy communities i.e., industrial microgrid, apartment building and virtual community, as seen by a group of Finnish energy sector experts. To address the research problem, we first summarize results from literature for blockchain as an enabler for energy communities, discuss the technical aspects of blockchain and summarize the status of ongoing pilots and demonstrations around blockchain. Our results from empirical study among energy industry experts show that there clearly is potential for blockchain as an enabler especially of energy efficient use of resources, trading without intermediaries, load balancing, new business, automated functions and long-range in system valuable resources. Despite this potential, multiple gaps exist and future research on blockchain is still called for.",

author = "Kirsi Kotilainen and Jussi Valta and Kari Syst{\"a} and Saku M{\"a}kinen and Pertti J{\"a}rventausta and Tomas Bj{\"o}rkqvist",

year = "2019",

month = sep,

doi = "10.1109/EEM.2019.8916261",

language = "English",

isbn = "978-1-7281-1258-9",

booktitle = "16th International Conference on the European Energy Market (EEM{\textquoteright}19)",

publisher = "IEEE",

address = "United States",

note = "International Conference on the European Energy Market ; Conference date: 01-01-2004",

}

Kotilainen, K, Valta, J , Systä, K, Mäkinen, S, Järventausta, P & Björkqvist, T 2019, Exploring the potential of blockchain as an enabler for three types of energy communities. in 16th International Conference on the European Energy Market (EEM’19): 18-20 Sept. 2019, Ljubljana, Slovenia.. IEEE, International Conference on the European Energy Market, 1/01/04. https://doi.org/10.1109/EEM.2019.8916261

Exploring the potential of blockchain as an enabler for three types of energy communities. / Kotilainen, Kirsi; Valta, Jussi ; Systä, Kari et al.
16th International Conference on the European Energy Market (EEM’19): 18-20 Sept. 2019, Ljubljana, Slovenia.. IEEE, 2019.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

TY - GEN

T1 - Exploring the potential of blockchain as an enabler for three types of energy communities

AU - Kotilainen, Kirsi

AU - Valta, Jussi

AU - Systä, Kari

AU - Mäkinen, Saku

AU - Järventausta, Pertti

AU - Björkqvist, Tomas

PY - 2019/9

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N2 - We focus on exploring the opportunities related to blockchain in regard to three different types of energy communities i.e., industrial microgrid, apartment building and virtual community, as seen by a group of Finnish energy sector experts. To address the research problem, we first summarize results from literature for blockchain as an enabler for energy communities, discuss the technical aspects of blockchain and summarize the status of ongoing pilots and demonstrations around blockchain. Our results from empirical study among energy industry experts show that there clearly is potential for blockchain as an enabler especially of energy efficient use of resources, trading without intermediaries, load balancing, new business, automated functions and long-range in system valuable resources. Despite this potential, multiple gaps exist and future research on blockchain is still called for.

AB - We focus on exploring the opportunities related to blockchain in regard to three different types of energy communities i.e., industrial microgrid, apartment building and virtual community, as seen by a group of Finnish energy sector experts. To address the research problem, we first summarize results from literature for blockchain as an enabler for energy communities, discuss the technical aspects of blockchain and summarize the status of ongoing pilots and demonstrations around blockchain. Our results from empirical study among energy industry experts show that there clearly is potential for blockchain as an enabler especially of energy efficient use of resources, trading without intermediaries, load balancing, new business, automated functions and long-range in system valuable resources. Despite this potential, multiple gaps exist and future research on blockchain is still called for.

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DO - 10.1109/EEM.2019.8916261

M3 - Conference contribution

SN - 978-1-7281-1258-9

BT - 16th International Conference on the European Energy Market (EEM’19)

PB - IEEE

T2 - International Conference on the European Energy Market

Y2 - 1 January 2004

ER -

Exploring the potential of blockchain as an enabler for three types of energy communities

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