Applied Mathematics and Nonlinear Sciences
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Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 9, Issue 1


Published
on

May 3, 2024


Pages


DOI

Article

Research on the Application of Blockchain Technology in the Carbon Trading Market of Substations

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Authors

Shasha Liu Affiliation:
State Grid Hubei Electric Power Co., Ltd., Shiyan Power Supply Company, Shiyan, Hubei, 442012, China.
, Jun Liu Affiliation:
State Grid Hubei Electric Power Co., Ltd., Shiyan Power Supply Company, Shiyan, Hubei, 442012, China.
, Yuelong Li Affiliation:
State Grid Hubei Electric Power Co., Ltd., Shiyan Power Supply Company, Shiyan, Hubei, 442012, China.
, Cong Zhou Affiliation:
State Grid Hubei Electric Power Co., Ltd., Shiyan Power Supply Company, Shiyan, Hubei, 442012, China.
and Congli Wang Affiliation:
State Grid Hubei Electric Power Co., Ltd., Shiyan Power Supply Company, Shiyan, Hubei, 442012, China.


Abstract

This study examines the entire lifecycle carbon emissions from the construction of substations, emphasizing the demand response from the carbon emission trading market. We use blockchain technology to establish an intelligent contract framework to manage and control substation configurations within digital substations’ physical environments. Based on Blockchain, a regional substation intelligent control model is developed to facilitate optimal decision-making in the carbon trading market. Simulation analyses reveal that adjustments in capacity to 150MW can enhance the peak range from 041.2% to 042.0%, indicating a 0.8% improvement in efficiency. Additionally, this research assesses the carbon emission savings, correlating the volume of carbon transactions to the verification time, particularly noting a significant increase in time cost within the first 200 transactions. This paper contributes to understanding how digital technologies can optimize carbon emissions management and energy savings in substation construction.


Keywords

Blockchain technology, Carbon emission calculation, Carbon trading, Substation, 03C98


Citation

Liu, S., Liu, J., Li, Y., Zhou, C., & Wang, C. (2024). Research on the application of blockchain technology in the carbon trading market of substations. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns-2024-0947

Published by: Engineering Journals

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