Smart Contract for Decentralized Management of Shared Energy Storage Systems

Abstract

As distributed energy resources (DERs) become more integrated into power distribution networks, innovative business models like shared ownership of DERs, including battery energy storage systems (BESS), are emerging. This article proposes a blockchain-based smart contract framework to automate control processes and optimize economic benefits of shared energy storage. Case studies validate the method's effectiveness, showing its potential to boost energy efficiency and satisfy stakeholders..