scholarly journals Digital business models and company growth opportunities in the energy market

2021 ◽  
Vol 250 ◽  
pp. 06006
Author(s):  
Boris Kovalenko ◽  
Elena Kovalenko ◽  
Tamara Yakovleva
Keyword(s):  
Business Model ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Industry ◽  
Energy Market ◽  
Global Energy ◽  
Digital Business Models ◽  
Digital Strategy ◽  
Energy Companies

We are currently witnessing significant changes in the global energy market. The energy industry is entering the stage of the 4th energy transition, which is characterized by an increasingly large-scale increase in the use of renewable energy sources and a decrease in the share of fossil fuels. The energy sector is also strongly influenced by the trend of digital transformation and the use of digital technologies. The aim of the work is to study the possibility and conditions of using digital business models by companies in the energy sector to improve competitiveness and market growth. To achieve the goal of the study, the following tasks were set: to analyze the main trends and the state of digitalization of the energy industry; analyze digital business models and assess the possibilities of their use by energy companies; to formulate approaches to transforming the activities of energy companies in the transition to a digital business model. The authors hypothesized that the use of digital business models will allow energy companies to remain competitive and gain access to new markets by introducing new technologies. To conduct the study, the methods of microeconomic and industry analysis, systemic and comparative analysis, and analysis of the organizational behavior of the company were used. The results of the analysis showed that the global energy market is characterized by growth in dynamics and volatility. In order to adapt to changing conditions and maintain competitiveness, energy companies need to take advantage of digitalization and shape a digital strategy. One of the basic elements of an organization’s digital strategy is a successful digital business model. The article discusses the types and features of digital business models, and also formulates approaches to transforming the activities of energy companies in the transition to a digital business model.

The Fourth Energy Transition and Development of Energy Sector in Kazakhstan

2020 ◽  
Vol 9 (3) ◽  
pp. 735
Author(s):  
Assem S. BAKTYMBET ◽  
Saule S. BAKTYMBET ◽  
Rakymzhan K. YELSHIBAYEV ◽  
Galiya S. UKUBASSOVA ◽  
Aisara S. BAKTYMBET
Keyword(s):  
Renewable Energy ◽  
New Technologies ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy System ◽  
Energy Sector ◽  
Energy Industry ◽  
Energy Sources ◽  
Global Energy ◽  
The World

The relevance of the subject matter is conditioned upon the fact that currently the main direction of global energy development is already clearly visible: under the influence of changes in energy policy and the development of new technologies, the world is entering the stage of the fourth energy transition to the widespread use of renewable energy sources and displacement of fossil fuels. The development of Kazakhstan's economy requires the transition of energy towards clean and safe renewable sources, which will let the country build a new strong economy and break out of the long-running socio-economic decline, help the international community solve the problem of climate change and improve the safety and welfare of its citizens. The purpose of the study: The purpose of the paper is to develop recommendations for the development of Kazakhstan's energy industry at a new stage in the fundamental transformation of the global energy system. Leading approach to researching the problem. The leading methods of researching the problems of the paper include the analysis of theoretical sources, analysis of statistics, and comparison. Analysis of statistical indicators plays a crucial role in the study, since data on the development of Kazakhstan's energy industry can be directly obtained from statistical databases. The results of the study. The paper discusses the essence of the fourth energy transition, its main aspects, explores renewable energy sources, identifies the features and problems of Kazakhstan's energy industry, and develops ways to solve them. Prospects for further research. To implement the modern provisions of the fourth energy transition in Kazakhstan, it is necessary to use a systematic approach. The basic elements of such a transition are the introduction of renewable energy and energy efficiency (the intensification of reducing the energy intensity of goods and services). The materials of the paper are of practical value for the development of Kazakhstan’s energy during the period of fundamental structural transformations of the world energy sector.  

Innovation risk in digital business models: the German energy sector

2017 ◽  
Vol 38 (5) ◽  
pp. 35-43 ◽  
Author(s):  
Dominik Dellermann ◽  
Alexander Fliaster ◽  
Michael Kolloch
Keyword(s):  
Risk Management ◽  
Business Model ◽  
Business Models ◽  
Energy Sector ◽  
Virtual Power ◽  
Content Type ◽  
Management Framework ◽  
Risk Management Framework ◽  
Digital Business Models ◽  
Virtual Power Plants

Purpose Past research demonstrated that novel IT-based business models generate tremendous returns for innovators. However, the risks associated with these innovations remain under-explored. This paper aims to address this critical gap analyzing risks and offering important insights particularly for practitioners. Design/methodology/approach The authors adopted an exploratory multiple-case study research design. It draws on 22 semi-structured interviews with managers from leading energy utilities, as well as leading providers of virtual power plants technology within the German energy industry. Findings The research reveals that main risks in new digital business models in the energy sector are associated with three forms of interdependence between innovation actors: the regulatory, the technological and the collaborative. To deal with these interdependencies, the authors propose an original multi-step risk management framework. This framework considers the outreach as a critical dimension for risk assessment and offers a new risk response matrix to draw individual and collective mitigation activities for specific types of risks. Practical implications This paper offers a framework for the management of interdependence risks that are fundamental for business model innovations based on IT. Thus, it is applicable in companies both inside the energy sector and beyond. Originality/value This paper analyzes an important digital business model innovation that has not yet been explored in management literature – the virtual power plant (VPP). It is based on original and current empirical work and proposes a novel risk management framework for business organizations.

scholarly journals Survey and Classification of Business Models for the Energy Transformation

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2981 ◽  
Author(s):  
Johannes Giehl ◽  
Hayri Göcke ◽  
Benjamin Grosse ◽  
Johannes Kochems ◽  
Joachim Müller-Kirchenbauer
Keyword(s):  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Energy Sector ◽  
Energy Industry ◽  
Current Status ◽  
Primary Data ◽  
Energy Transformation ◽  
Model Framework

The energy transformation is changing the structure of the energy sector in Europe and Germany. In this paper the current structure of the energy sector is analysed both empirically as well as theoretically. Therefore, the authors have developed the business model framework for the energy transformation (BMFE). The framework is a synthesis of classical business model designs. An exhaustive survey of existing business models based on primary data collection and a literature review leads to 638 business models. Finally, 69 prototypical business models of the energy sector are the result of the classification of these business models. The information of the business models within the BMFE is applied to show the growing importance of value creation networks in energy industry. The work represents the current status of the business models in the energy sector.

Public Energy Companies Under the EC Treaty: An Overview of Law and Policy

1994 ◽  
Vol 7 (1) ◽  
pp. 43-61
Author(s):  
Anna Papaioannou ◽  
P.J. Slot
Keyword(s):  
State Intervention ◽  
Energy Sector ◽  
Public Utilities ◽  
Energy Market ◽  
Business Organisation ◽  
The Public ◽  
Law And Policy ◽  
General Economic Interest ◽  
Energy Companies ◽  
Case Basis

This article examines state intervention in the energy sector under the EC Treaty. The analysis focuses upon Articles 37, on state trading monopolies, and 90, on public undertakings, the conferment of exclusive rights and undertakings entrusted with the operation of services of general economic interest. All these forms of business organisation are very common in the energy sector. The Commission's wish to introduce more competition in the public utilities sector is well served by the application of the Treaty rules on a case-to-case basis. Secondarily, legislation has also been adopted for the energy sector pursuant to Article 100A EC. There is considerable public debate on new proposals for directives which aim at further liberalisation in the energy market.

scholarly journals An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2926 ◽  
Author(s):  
Grzegorz Zimon ◽  
Marek Sobolewski ◽  
Grzegorz Lew
Keyword(s):  
Renewable Energy ◽  
Environmental Changes ◽  
Research Question ◽  
Energy Sector ◽  
Energy Industry ◽  
The European Union ◽  
Operating Cycle ◽  
Cash Conversion Cycle ◽  
Energy Companies ◽  
Renewable Energy Industry

European countries are increasingly using renewable energy. Poland is an outsider of such solutions. The Polish energy sector is primarily based on energy produced from coal. However, environmental changes and regulations of the European Union are forcing the increased use of energy from renewable sources. Renewable energy is an industry that is still developing in Poland. At the same time, Poland is a country where the political decisions of the government over the last few years have resulted in a significant limitation of the possibilities of renewable energy development. These actions have also resulted in lowering the profitability of the currently operating renewable energy enterprises, especially those from the sector of small and medium-sized enterprises. An opportunity for SMEs operating in the renewable energy sector is to merge into industry purchasing groups. The aim of the article—and at the same time the research question—is: Is it financially safer for renewable energy companies to operate within purchasing groups compared to companies operating independently in this industry? Traditional ways of purchasing can be transferred to integrated purchasing systems, which will be created by purchasing groups associating renewable energy companies. For this purpose, the financial effects of the implementation and functioning of the purchasing groups in the renewable energy sector in relation to entities operating independently were examined. In the research of renewable energy SMEs, a comparative analysis of key indicators determining the possibility of continuing the activity of these entities was made. The following indicators were examined: current financial liquidity ratio, return on sales, operating cycle, cash conversion cycle, share of receivables in current assets, share of inventory in current assets, turnover ratios, level of receivables, liabilities and profitability. The scientific literature is dominated by studies on purchasing groups in the pharmaceutical and construction industries. Thanks to the research conducted, it has been indicated that the renewable energy industry can also improve its profitability, and thus the possibility of safe continuation of operations by extending the business model to inter-entity cooperation within purchasing groups. Increasing the efficiency of individual entities of the renewable energy industry within purchasing groups becomes particularly important during the COVID-19 pandemic. Statistical analyses and their graphic presentation present the significant impact on the safety and profitability of renewable energy entities in the form of purchasing groups.

scholarly journals Ensuring energy efficiency and ways to develop energy security

2020 ◽  
Vol 164 ◽  
pp. 11047
Author(s):  
Alexey Efimiev ◽  
Olga Kutsygina ◽  
Margarita Agafonova ◽  
Andrei Chugunov
Keyword(s):  
Energy Efficiency ◽  
Energy Security ◽  
Global Economy ◽  
Renewable Energy Sources ◽  
Electricity Consumption ◽  
Energy Markets ◽  
Energy Market ◽  
Global Energy ◽  
World Energy ◽  
Fuel And Energy Sector

The paper assesses the relevant problems of the global energy paradigm, with emphasis on ensuring energy security. To solve this problem, the state and prospects of world energy markets and the forecast for their development are analyzed. The paper substantiates the importance of improving energy efficiency in Russia. It also analyzes and displays the most important aspects of global energy problems, highlights the dynamics of the global balance of energy consumption, analyzes the development of renewable energy sources. The study determined the place of fuel and energy sector in the global economy. Forecasts of global electricity consumption are presented. The paper focuses on the need for measures that contribute to overcoming energy threats in the global energy market.

scholarly journals Start-ups as an Element Supporting the Development of the Mining and Energy Sector

2019 ◽  
Vol 105 ◽  
pp. 04015 ◽  
Author(s):  
Ryszard Pukala
Keyword(s):  
High Risk ◽  
Competitive Advantage ◽  
Business Model ◽  
Energy Sector ◽  
Energy Industry ◽  
Developmental Status ◽  
Financial Liquidity ◽  
Start Ups ◽  
Modern Technologies ◽  
Market Success

This study aims at presenting opportunities offered to the mining and energy industry by the emergence and operation of high-risk enterprises – start-ups. Moreover, it analyses interrelations between the developmental status of such entities and their lifespan. We need to stress that start-ups are mostly associated with modern technologies that are used and implemented in various sectors of the economy. Therefore, they are classified as innovative and innovation-implementing enterprises, which gives them a chance to gain market success and competitive advantage. As shown by conducted analyses, start-ups can be an efficient element that supports the development of mining and energy enterprises. At the same time, again on the basis of analyses, start-ups, quickly developing and maturing as well as seeking their own business model, exhibit the largest risk of losing financial liquidity.

Business models for the now economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Art T. Weinstein
Keyword(s):  
Online Learning ◽  
Business Model ◽  
Customer Value ◽  
Business Models ◽  
Content Type ◽  
Digital Business Models ◽  
Business Practitioners ◽  
The Impact ◽  
Remote Learning

Purpose Business models are a key to success. This paper aims to identify the characteristics of the Now Economy, discuss the components of an effective business model, examine numerous e-commerce business models and provide an application of online learning. Design/methodology/approach The literature on business models is reviewed. E-commerce models are explored as a means for building competitive advantage in the Now Economy. An in-depth case study of remote learning in universities illustrates the development of a sound digital business model. Findings Business models explain where and how an organization competes and the financial feasibility of its strategy. Digital business models create market differentiation or disruption. This paper explains 20 e-commerce business models and offers an in-depth view of the opportunities and challenges in the online learning sector. Research limitations/implications Building on the literature, this work is conceptual and presents a case study. It is not an empirical study. A three-point agenda for scholars includes research on speed and service in business models, assessing the impact of customer value and examining the market power of Big Tech. Practical implications The digital component of the economy is growing annually. Business practitioners must respond by developing winning business models. The remote learning application is particularly relevant given today’s changing educational market. Originality/value While there has been considerable research on business models, there has been limited work on digital business models, which is the focus of this article.

scholarly journals A Novel Peer-To-Peer Energy Sharing Business Model for the Portuguese Energy Market

Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 125 ◽  
Author(s):  
Lurian Pires Klein ◽  
Aleksandra Krivoglazova ◽  
Luisa Matos ◽  
Jorge Landeck ◽  
Manuel de Azevedo
Keyword(s):  
Business Model ◽  
Business Models ◽  
Low Voltage ◽  
Peer To Peer ◽  
Energy Market ◽  
Voltage Transformer ◽  
Market Structures ◽  
Regulatory Frameworks ◽  
Real Market ◽  
Energy Sharing

The co-evolution of techno-economic, societal, environmental and political-institutional systems towards sustainable energy transitions is largely influencing the disruptive reconfiguration of the energy sector across the globe. At the heart of this disruption is the peer-to-peer energy sharing concept. Nonetheless, peer-to-peer energy sharing business models are yet very little put into practice due to the rigid energy market structures and lagging regulatory frameworks across the globe. In view of this, this paper presents a novel peer-to-peer energy sharing business model developed specifically for the context of the Portuguese energy market, which was successfully trialed in three pilot projects in Portugal under real market conditions. All things considered, the novelty of this paper lies on an innovative approach for the collaborative use of the surplus electricity generation from photovoltaic systems between end-users under the same low voltage/medium voltage transformer substation, which resulted in direct financial benefits to them. While absent deregulation obstructs the implementation of effective peer-to-peer energy sharing markets in Portugal, such demonstration projects are essential to challenge restrictive regulatory frameworks that do not keep pace with techno-economic and societal innovations, thus helping to build the emerging consumer-centric energy regime and disrupt the old one.

Implementation of a balanced scorecard for hybrid business models – an application for citizen renewable energy companies in Germany

2017 ◽  
Vol 11 (3) ◽  
pp. 426-443 ◽  
Author(s):  
Franziska Kahla
Keyword(s):  
Renewable Energy ◽  
Strategic Management ◽  
Citizen Participation ◽  
Balanced Scorecard ◽  
Business Models ◽  
Energy Sector ◽  
Bottom Line ◽  
Management Tools ◽  
Content Type ◽  
Energy Companies

Purpose This paper aims to introduce strategic management tools for companies with hybrid business models, for example, those with citizen participation. These models are often used of citizen renewable energy companies that have become a main pillar of the energy sector in Germany in recent years. The strategic management tools proposed here could help to achieve most of their objectives. Design/methodology/approach In the first step, a definition of hybrid businesses is derived by literature review, and the importance of strategic management in companies with citizen participation is discussed. In the next step, a new construct of a balanced scorecard (BSC) model is applied to citizen renewable energy companies by using survey data and previous studies. Findings Companies with citizen participation differ from profit-seeking companies and nonprofit organizations, and they are described by new hybrid business models. This study shows with a modification of the BSC that social or environmental aims are as important as financial ones to companies with citizen participation, which follow a double bottom line approach. Practical implications Hybrid businesses are important for the German energy sector, and strategic management tools are needed for their continued success and competitiveness. This paper can be a starting point for the management who want to implement these tools. Originality/value The paper addresses a gap in the strategic management literature on companies with citizen participation. The tools developed here can be modified for other hybrid businesses.

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