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Energy Transition | Open Access

Exploring the Potential of IoT-Blockchain Integration Technology for Energy Community Trading: Opportunities, Benefits, and Challenges

Wenhu Tang1 Xuehua Xie1Yunlin Huang1Tong Qian1,2( )Weiwei Li1Xiuzhang Li4Zhao Xu2,3 
School of Electric Power Engineering, South China University of Technology, Guangzhou 510640, China
Department of Electrical and Electronic Engineering, The Hong Kong Polytechnic University, Hong Kong, SAR, China
Shenzhen Research Institute of the Hong Kong Polytechnic University, Shenzhen 518057, China
School of Insurance, Guangdong University of Finance, Guangzhou 510521, China
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Abstract

The integration of blockchain technology with energy community trading represents a promising frontier in the energy sector, offering innovative solutions to challenges in energy trading and management. This review conducts a systematic investigation of the potential benefits, applications and challenges of blockchain in facilitating multi-level energy trading for energy communities. Firstly, the background information of the blockchain and Internet of Things (IoT) is provided, along with an elucidation of their integration architecture for energy communities. Building on this foundation, the applications of blockchain in transactive energy communities are analyzed from three perspectives: community-level energy trading, regional-level energy trading, and grid-level energy trading. Following that, the currently known projects and pilots on blockchain-based transactive energy are comprehensively summarized. Finally, key challenges in implementing blockchain-based energy trading for local energy communities are discussed, providing guidance for future research.

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CSEE Journal of Power and Energy Systems
Pages 521-537

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Cite this article:
Tang W, Xie X, Huang Y, et al. Exploring the Potential of IoT-Blockchain Integration Technology for Energy Community Trading: Opportunities, Benefits, and Challenges. CSEE Journal of Power and Energy Systems, 2025, 11(2): 521-537. https://doi.org/10.17775/CSEEJPES.2024.02160

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Received: 10 April 2024
Revised: 31 July 2024
Accepted: 23 August 2024
Published: 21 February 2025
© 2024 CSEE.

This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).