From a Barrier to a Bridge: Data-Privacy in Deregulated Smart Grids

The introduction of so-called smart meters involves detailed consumption data. While this data plays a key role in integrating volatile renewable energy sources, a side effect is that it can reveal sensitive personal information. Concerns and protests led to a stopped smart meter rollout yet. In deregulated electricity markets, data-privacy is even more at risk: The UK, Texas and Ontario decided for a nation-wide communication intermediary in order to facilitate the exchange of the vast amount of smart meter data. However, this operational efficiency is achieved by the fact that an intermediary is a single point of failure. We present an approach based on encryption to secure the intermediary against privacy invasions and we can show that our prototypical implementation meets even restrictive requirements for large-scale data handling and processing. By aiming at customers’ confidence in smart metering, our solution might lay the ground for an ecosystem of energy services

Confidential Information-Sharing for Automated Sustainability Benchmarks

The pressure on enterprises to manage and improve their environmental sustainability is steadily increasing. Despite the growing awareness in the IS community and business practice, current IS solutions remain in an initial state. Sustainability benchmarking is seen as a novel and effective tool in this context. However, sustainability benchmarking faces two major obstacles: First, the heterogeneity of the data requires significant pre-processing, and, second, the sensitivity of the data causes enterprises to reluctantly share this data. Our contribution is twofold: After analyzing the data input problem and identifying appropriate and available solutions, we present a secure sustainability benchmarking service (SBS) to overcome the information-sharing problem. Our service uses homomorphic encryption to protect the data during processing and differential privacy to protect against leakages from the reports. Finally, we evaluate in detail a prototypical implementation of this secure sustainability benchmarking service and illustrate its applicability in industry

Benchmarking Big Data Technologies for Energy Procurement Efficiency

The electrical power industry is undergoing radical change due to the push for renewable energy that makes energy supply less predictable. Smart meters along with analytics software can grant insights into customer-specific consumption and thereby enable a better match between the demand and supply side for an electric utility. However, the vast amount of allocatable smart metering data and complexity of analytics pose challenges to database system. We address the implementation of an analytics ap-proach to optimize customer portfolios, eventually preventing excess energy procurement. Using real-world and simulated data, we test the suitability of big data approaches as well as traditional relational database technology. Furthermore, we present solutions based on big data platforms and demonstrate their cost effectiveness and performance. Our findings suggest economic feasibility of big data solutions for large utilities. Small and medium-sized utilities are advised to invest in more cost-effective solutions such as cluster-based systems

Dynamics of Blockchain Implementation - A Case Study from the Energy Sector

This case study analyzes the impact of theory-based factors on the implementation of different blockchain technologies in use cases from the energy sector. We construct an integrated research model based on the Diffusion of Innovations theory, institutional economics and the Technology-Organization-Environment framework. Using qualitative data from in-depth interviews, we link constructs to theory and assess their impact on each use case. Doing so we can depict the dynamic relations between different blockchain technologies and the energy sector. The study provides insights for decision makers in electric utilities, and government administrations

Electricity powered by blockchain: A review with a European perspective

Blockchain is no longer just a hype technology, and effective blockchain applications exist in many industries. Yet, few blockchain projects have been successful in Europe’s energy systems. To identify the reasons for this slow progress, we reviewed the recent energy literature regarding the use of blockchain, analyzed industry reports, and interviewed experts who have conducted blockchain projects in Europe’s energy systems. Our analysis reveals eight common use cases, their expected benefits, and the challenges encountered. We find that the expected benefits are often little more than generic hopes, largely outweighed by technological, organizational, and regulatory challenges. The identified challenges are significant and numerous, especially for peer-to-peer trading and microgrid use cases. The fact that few projects have yet provided robust evidence for profitable use suggests there is still a rocky road ahead. Moreover, many use cases appear to require more than just blockchain technology to succeed. In particular, privacy and scalability requirements often call for systems in which blockchains only take a backseat. This realization may be essential for the future use of blockchain technology in energy systems – in Europe and beyond

Enabling end-to-end digital carbon emission tracing with shielded NFTs

In the energy transition, there is an urgent need for decreasing overall carbon emissions. Against this background, the purposeful and verifiable tracing of emissions in the energy system is a crucial key element for promoting the deep decarbonization towards a net zero emission economy with a market-based approach. Such an effective tracing system requires end-to-end information flows that link carbon sources and sinks while keeping end consumers’ and businesses’ sensitive data confidential. In this paper, we illustrate how non-fungible tokens with fractional ownership can help to enable such a system, and how zero-knowledge proofs can address the related privacy issues associated with the fine-granular recording of stakeholders’ emission data. Thus, we contribute to designing a carbon emission tracing system that satisfies verifiability, distinguishability, fractional ownership, and privacy requirements. We implement a proof-of-concept for our approach and discuss its advantages compared to alternative centralized or decentralized architectures that have been proposed in the past. Based on a technical, data privacy, and economic analysis, we conclude that our approach is a more suitable technical backbone for end-to-end digital carbon emission tracing than previously suggested solutions