Revolutionizing Renewable Energy Networks through Blockchain and AI-Driven Demand Forecasting

The transition to renewable energy is essential for achieving a sustainable future, but the decentralized and intermittent nature of renewable resources poses significant challenges for energy management. This paper introduces a novel framework that leverages blockchain technology to enable secure and transparent energy trading while employing artificial intelligence (AI) techniques for demand forecasting. By integrating blockchain with a deep learning-based forecasting model, we aim to optimize energy distribution, reduce grid inefficiencies, and ensure a stable power supply. Our simulations on real-world renewable energy datasets demonstrate significant improvements in predictive accuracy and system reliability compared to conventional energy management solutions.

Publication Details

Journal
Figshare
Published
2024-09-09
DOI
https://doi.org/10.6084/m9.figshare.26972386
Primary Topic
Energy Load and Power Forecasting
Type
article
Field-Weighted Citation Impact
0.00
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Revolutionizing Renewable Energy Networks through Blockchain and AI-Driven Demand Forecasting

Figshare
Energy Load and Power Forecasting
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Revolutionizing Renewable Energy Networks through Blockchain and AI-Driven Demand Forecasting

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Abstract

The transition to renewable energy is essential for achieving a sustainable future, but the decentralized and intermittent nature of renewable resources poses significant challenges for energy management. This paper introduces a novel framework that leverages blockchain technology to enable secure and transparent energy trading while employing artificial intelligence (AI) techniques for demand forecasting. By integrating blockchain with a deep learning-based forecasting model, we aim to optimize energy distribution, reduce grid inefficiencies, and ensure a stable power supply. Our simulations on real-world renewable energy datasets demonstrate significant improvements in predictive accuracy and system reliability compared to conventional energy management solutions.

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Affordable and clean energy
Openalex Percentile: Top 64%
Energy Load and Power Forecasting
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