Trading Energy Efficiency Research Articles

Blockchain in Energy Efficiency: Potential Applications and Benefits

Blockchain technology is ready to disrupt nearly every industry and business model, and the energy sector is no exception. Energy businesses across the world have already started exploring the use of blockchain technology in large-scale energy trading systems, peer-to-peer energy trading, project financing, supply chain tracking, and asset management among other applications. Information and Communication Technologies (ICTs) recently started revolutionizing the energy landscape, and now blockchain technology is providing an additional opportunity to make the energy system more intelligent, efficient, transparent, and secure in the longer term. The idea of this paper is to examine more closely the use of blockchain technology for its possible application in the energy efficiency industry and to determine how it could make energy efficiency markets more secure and transparent in the longer term. This paper examines in detail the key benefits and implications of using blockchain in the energy efficiency sector through the presentation and discussion of two case studies as possible blockchain applications—(i) the UK Energy Company Obligation scheme and (ii) the Italian White Certificate Scheme. We have presented how the key issues around trading energy efficiency savings—correctly estimating the savings, data transparency among stakeholders, and inefficient administrative processes—can be solved through the application of a blockchain-based smart contract system. Finally, this paper presents an implementation of a smart contract for trading of energy-saving certificates achieved via execution of smart contract transactions on the Ethereum blockchain.

Innovation analysis under trading energy efficiency

Trading energy efficiency (TEE) is adopted by more and more countries to cope with global climate change. This article studies the effects of TEE by investigating an optimization model, and several interesting conclusions are obtained. Firstly, it is observed in the model that TEE stimulates energy efficiency innovation, that is, promotes the firms to increase innovation investments. Secondly, it is proved that TEE reduces the marginal emission and total emission of the firms, while outputs are promoted by TEE. Meanwhile, TEE does not reduce energy inputs. Finally, TEE under carbon tax performs better than that without carbon tax. Based on these results, to improve the energy efficiency and reduce the emission of greenhouse gases, it is suggested for the governments to adopt TEE with carbon tax.

Packet routing in 3D nanonetworks: A lightweight, linear-path scheme

Packet routing in nanonetworks requires novel approaches, which can cope with the extreme limitations posed by the nano-scale. Highly lossy wireless channels, extremely limited hardware capabilities and non-unique node identifiers are among the restrictions. The present work offers an addressing and routing solution for static 3D nanonetworks that find applications in material monitoring and programmatic property tuning. The addressing process relies on virtual coordinates from multiple, alternative anchor point sets that act as viewports. Each viewport offers different address granularity within the network space, and its selection is optimized by a packet sending node using a novel heuristic. Regarding routing, each node can deduce whether it is located on the linear segment connecting the sender to the recipient node. This deduction is made using integer calculations, node-local information and in a stateless manner, minimizing the computational and storage overhead of the proposed scheme. Most importantly, the nodes can regulate the width of the linear path, thus trading energy efficiency (redundant transmissions) for increased path diversity. This trait can enable future adaptive routing schemes. Extensive evaluation via simulations highlights the advantages of the novel scheme over related approaches.

Bees trade energy efficiency for stability

Bees trade energy efficiency for stability

Bees trade energy efficiency for stability when flying in turbulent winds

Bees trade energy efficiency for stability when flying in turbulent winds Bees trade energy efficiency for stability when flying in turbulent winds