Research on the Application of Blockchain Technology in the Carbon Trading Market of Substations

This study examines the entire lifecycle carbon emissions from the construction of substations, emphasizing the demand response from the carbon emission trading market. We use blockchain technology to establish an intelligent contract framework to manage and control substation configurations within digital substations’ physical environments. Based on Blockchain, a regional substation intelligent control model is developed to facilitate optimal decision-making in the carbon trading market. Simulation analyses reveal that adjustments in capacity to 150MW can enhance the peak range from 041.2% to 042.0%, indicating a 0.8% improvement in efficiency. Additionally, this research assesses the carbon emission savings, correlating the volume of carbon transactions to the verification time, particularly noting a significant increase in time cost within the first 200 transactions. This paper contributes to understanding how digital technologies can optimize carbon emissions management and energy savings in substation construction. © 2023 Shasha Liu, Jun Liu, Yuelong Li, Cong Zhou and Congli Wang, published by Sciendo.