AI and Blockchain in Smart Grids: Fundamentals, Methods, and Applications
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AI and Blockchain in Smart Grids: Fundamentals, Methods, and Applications
AI and Blockchain in Smart Grids: Fundamentals, Methods, and Applications examines the cutting-edge solution that combines artificial intelligence (AI), blockchain technology, and digital twin concepts to innovate the management and optimization of electrical power distribution. This innovative approach enhances the resilience, efficiency, and security of electricity grids while providing real-time insights for grid operators and stakeholders. The book covers such key elements as using:
- Digital twins in smart grids to gather real-time data from various grid components
- AI-powered analytics to process the data generated by digital twins and to analyze this information to detect patterns, predict grid failures, and recommend adjustments to enhance a grid’s performance
- Blockchain-based security to ensure the secure and transparent management of data within a smart grid, especially a tamper-resistant ledger to store information related to energy production, distribution, and consumption
- Decentralized data sharing to allow grid data to be shared securely among various stakeholders, including utilities, regulators, and consumers
- Grid optimization techniques to improve electricity distribution, reduce energy waste, and balance supply and demand efficiently
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