Alain Aoun, C.E.M., B.E.P., C.B.C.P., C.E.A., R.E.P., C.M.V.P., C.L.E.P.
Track L | Emerging Energy Trends
Since blockchain has gained its reputation as a secure peer-to-peer trading platform, it has been the interest of new businesses and industries worldwide. In a future where every consumer is encouraged to become a producer, where everyone is encouraged to become entrepreneurs, energy blockchain is considered to play an important role in smart grid framework. Blockchain is deemed to change all aspects of people's digital life and the way we do transactions. By eliminating the role of third parties, blockchain can make our systems more efficient, thus reducing cost and improving reliability. Nowadays, and as a result of the development of the renewable energy sector, the energy market is shifting towards a smart de-centralization. Nevertheless, in developing countries, the development of distributed energy generation faces several economical and financial barriers. Therefore, in countries with low Distributed Energy Resources (DER), the integration of blockchain and peer-to-peer energy trading can create an incentive for end-users to invest in DERs and the development of microgrids. When blockchain is integrated in the power network, it can enable the tracking of energy generated by DERs, reporting of savings from ECMs, or trading CO2 credits. So the main question is: "How can the blockchain be remodeled to serve the energy market and create opportunities for energy producers and consumers?” This paper will answer this question by providing a quick overview of the blockchain mode of operation, highlighting the potential of the blockchain along its integration mechanism in the energy trading business, and identifying the challenges and barriers confronting the development of the energy blockchain.
Alain Aoun received an MSc (2006) in Industrial and Power Engineering from the Lebanese University and ME in Electrical Engineering (2007) and Renewable Energies (2018) from the Saint Joseph University in Beirut – Lebanon. He is presently the Managing Director of Alain Aoun & Partners, an engineering firm specialized in the electrical, energy and lighting fields. Alain Aoun joined the Association of Energy Engineers AEE in 2016 and at present, he serves as the Secretary and Certification Administration of the Lebanese Chapter. He is currently accredited with seven certifications from the AEE (CEM®, BEP®, CBCP®, CEA®, REP®, CMVP®, CLEP®) and is a Certified Energy Manager Trainer. Alain Aoun has been invited to serve in the technical committee in charge of the development of the Lebanese Green Building Standard. With several trainings in the field of energy and lighting, his current interest is pursuing a PhD in the development of smart grids.