Blockchain technology in the renewable energy sector: A co-word analysis of academic discourse

Abstract

The transformative potential of blockchain technology in the renewable energy sector is increasingly gaining recognition for its capacity to enhance energy efficiency, enable decentralized trading, and ensure transaction transparency. However, despite its growing importance, there exists a significant knowledge gap in the holistic understanding of its integration and impact within this sector. Addressing this gap, the current study employs a pioneering approach, marking it as the first comprehensive bibliometric analysis in this field. We have systematically examined 390 journal articles from the Web of Science database, covering the period from 2017 through the end of February 2024, to map the current landscape and thematic trajectories of blockchain technology in renewable energy. The findings highlight several critical thematic areas, including blockchain's integration with smart grids, its role in electric vehicle integration, and its application in sustainable urban energy systems. These themes not only illustrate the diverse applications of blockchain but also its substantial potential to revolutionize energy systems. This study not only fills a crucial gap in existing literature but also sets a precedent for future interdisciplinary research in this domain, bridging theoretical insights with practical applications to fully harness the potential of blockchain in the renewable energy sector.