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Blockchain-Enabled Market Clearing Mechanism for Peer-to-Peer Energy Storage Sharing

  • Zhen Ren
  • , Haihan Duan*
  • , Hengming Dai
  • , Xiaoyi Fan
  • , Cong Zhang
  • , Xiping Hu
  • *Corresponding author for this work
  • Shenzhen MSU-BIT University
  • Yunnan University
  • Beijing Institute of Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This paper first classifies blockchain-based shared energy storage studies into three deployment modes, namely community sharing, cloud sharing, and peer-to-peer (P2P) sharing, and summarizes how blockchain reshapes market mechanisms and data governance in these settings. Building on these insights, we develop a blockchain-enabled P2P market framework that tokenizes time-sliced capacity rights and clears a uniform capacity price through a sealed-bid commit-reveal process. The proposed framework establishes a privacy-preserving market microstructure where sellers and buyers submit piecewise capacity bids across delivery windows, and smart contracts execute commitment verification, convex welfare-based capacity clearing, and auditable settlement. The clearing problem is formulated as a convex social-welfare optimization and reduced to a onedimensional dual problem, yielding closed-form expressions for the uniform price and primal allocations. Furthermore, the framework specifies deposit rules and capacity-right tokenization to ensure verifiable settlement. Future research directions include degradation-aware pricing, real-time capacity verification, and streaming settlement aligned with realized energy delivery.

Original languageEnglish
Title of host publicationProceedings - 2025 IEEE International Conference on Big Data, BigData 2025
EditorsCheng-Zhong Xu, Leong Hou U, Xueqi Cheng, Jing Gao, Giuseppe Polese, Hong Mei, Paul Boniol, Michiaki Tatsubori, Chen Zhao, Dawei Zhou, Xiaohua Hu
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages6288-6297
Number of pages10
Edition2025
ISBN (Electronic)9798331594473
DOIs
Publication statusPublished - 2025
Externally publishedYes
Event2025 IEEE International Conference on Big Data, BigData 2025 - Macau, China
Duration: 8 Dec 202511 Dec 2025

Conference

Conference2025 IEEE International Conference on Big Data, BigData 2025
Country/TerritoryChina
CityMacau
Period8/12/2511/12/25

Keywords

  • Blockchain-based shared energy storage
  • convex social-welfare optimization
  • peer-to-peer (P2P) market framework
  • sealed-bid commit-reveal process
  • uniform capacity price

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