Transactive energy solution in a port's microgrid based on blockchain technology

In the last decade, the importance of modern grids is more sensible than before due to provided higher efficiency, reduced peak demand, improved security resulting in the alteration of grid shape from conventional grids to smart grids. The case study is the port of Long Beach (POLB), placed in California, which consists of 11 independent piers operating as a single microgrid that has an independent energy management system. This paper proposes an integrated energy management strategy based on blockchain technology for the POLB including all piers that significantly reduce the amount of peak power imposing extra cost from the port manager's point of view. In addition, the benefits of smart grids that are operating based on blockchain technology, such as high-level security, and efficient maintenance cost, will be discussed.