Publication Details
Overview
 
 
Mihail Emilov Mihaylov, Ivan Razo-Zapata, Ann Nowe
 

Chapter in Book/ Report/ Conference proceeding

Abstract 

To mitigate our dependence on fossil fuels, new schemes to reward the production and consumption of renewable (green) energy are required. Green energy needs to effectively offset the consumption of grey energy, i.e., energy from mixed sources. The NRGcoin concept supports the integration of renewable energy by incentivizing its local production and consumption within the low-voltage grid. It creates not only a more secure and transparent energy provisioning mechanism, but also promotes a local ecosystem in which key stakeholders (prosumers, consumers, and utilities and grid operators) can mutually benefit from each other. After discussing the main issues with traditional support policies, this chapter presents the NRGcoin concept in details. It describes the problem being solved while emphasizing the main benefits and potential challenges for NRGcoin{\textquoteright}s adoption. Finally, we also contribute four important questions, which help set a reasoning framework to clarify and justify the use of Blockchain in addressing various challenges.

Reference