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Accelerating energy transition by forming virtual power plants on blockchain

Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. The high penetration level of DER raises technical, commercial, and regulatory challenges since the grid infrastructure is designed to deliver large-scale centralized generation to consumers rather than to integrate millions of consumer-owned generators. However, efficient DER integration programs unlock these resources’ potential values, which accelerates the transition to a carbon-free energy system.

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