scholarly journals Distributed Energy IoT-Based Real-Time Virtual Energy Prosumer Business Model for Distributed Power Resource

Sensors ◽  
2021 ◽  
Vol 21 (13) ◽  
pp. 4533
Author(s):  
Sanguk Park ◽  
Keonhee Cho ◽  
Seunghwan Kim ◽  
Guwon Yoon ◽  
Myeong-in Choi ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Real Time ◽  
Business Model ◽  
Management System ◽  
Business Models ◽  
Small Scale ◽  
Selling Price ◽  
Distributed Power ◽  
Transaction Model ◽  
Service Models

Smart energy technologies, services, and business models are being developed to reduce energy consumption and emissions of CO2 and greenhouse gases and to build a sustainable environment. Renewable energy is being actively developed throughout the world, and many intelligent service models related to renewable energy are being proposed. One of the representative service models is the energy prosumer. Through energy trading, the demand for renewable energy and distributed power is efficiently managed, and insufficient energy is covered through energy transaction. Moreover, various incentives can be provided, such as reduced electricity bills. However, despite such a smart service, the energy prosumer model is difficult to expand into a practical business model for application in real life. This is because the production price of renewable energy is higher than that of the actual grid, and it is difficult to accurately set the selling price, restricting the formation of the actual market between sellers and consumers. To solve this problem, this paper proposes a small-scale energy transaction model between a seller and a buyer on a peer-to-peer (P2P) basis. This model employs a virtual prosumer management system that utilizes the existing grid and realizes the power system in real time without using an energy storage system (ESS). Thus, the profits of sellers and consumers of energy transactions are maximized with an improved return on investment (ROI), and an intelligent demand management system can be established.

scholarly journals Consumer Stock Ownership Plans (CSOPs)—The Prototype Business Model for Renewable Energy Communities

Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 118 ◽  
Author(s):  
Jens Lowitzsch
Keyword(s):  
Renewable Energy ◽  
Business Model ◽  
Low Income ◽  
Best Practice ◽  
Business Models ◽  
Holistic Approach ◽  
Bank Loan ◽  
Stock Ownership ◽  
New Governance ◽  
Stock Ownership Plans

The 2018 recast of the Renewable Energy Directive (RED II) defines “renewable energy communities” (RECs), introducing a new governance model and the possibility of energy sharing for them. It has to be transposed into national law by all European Union Member States until June 2021. This article introduces consumer stock ownership plans (CSOPs) as the prototype business model for RECs. Based on the analysis of a dataset of 67 best-practice cases of consumer (co-) ownership from 18 countries it demonstrates the importance of flexibility of business models to include heterogeneous co-investors for meeting the requirements of the RED II and that of RE clusters. It is shown that CSOPs—designed to facilitate scalable investments in utilities—facilitate co-investments by municipalities, SMEs, plant engineers or energy suppliers. A low-threshold financing method, they enable individuals, in particular low-income households, to invest in renewable projects. Employing one bank loan instead of many micro loans, CSOPs reduce transaction costs and enable consumers to acquire productive capital, providing them with an additional source of income. Stressing the importance of a holistic approach including the governance and the technical side for the acceptance of RECs on the energy markets recommendations for the transposition are formulated.

scholarly journals Innovative approaches in forest management – the application of a business model to designing a small-scale forestry strategy

2017 ◽  
Vol 63 (No. 9) ◽  
pp. 393-400 ◽  
Author(s):  
Pek Richard ◽  
Riedl Marcel ◽  
Jarský Vilém
Keyword(s):  
Forest Management ◽  
Business Model ◽  
Business Models ◽  
Market Competition ◽  
Added Value ◽  
Business Strategies ◽  
Small Scale ◽  
Forest Owners ◽  
Small Forest ◽  
Innovative Approaches

The strong market competition forces forest owners to find innovative approaches to forest management, and business models are becoming integral parts of successful innovations and business strategies. This paper deals with the applicability of a business model (as an innovation tool) for small forest owners. The main objectives were to design a business model applicable in the forestry sector and to find the innovative business alternatives for the small-scale forest owner reflecting the local situation (in a case study in the Czech Republic). The extended business model CANVAS was used. The embedded data was evaluated on the software developed at the Savonia University in Finland where business opportunity and competitive advantage were the main evaluation criteria. As a result, a proposed strategy was advised to be followed. The biggest added value of the extended CANVAS model is giving an objective and unbiased evaluation of the situation of small forest owners. The business model design proved a usable and applicable tool to be used in forest management, for the research has shown that the quantitative data should be complemented by qualitative research in order to get the complex view.

scholarly journals Efforts toward Creating a Sustainable Business Model: An Empirical Investigation of Small-Scale Certified Forestry Firms in Taiwan

2019 ◽  
Vol 11 (9) ◽  
pp. 2523 ◽  
Author(s):  
Jun-Yen Lee ◽  
Ching-Hsing Chang
Keyword(s):  
Forest Management ◽  
Business Model ◽  
Business Models ◽  
Sustainable Forest Management ◽  
Third Party ◽  
External Support ◽  
Small Scale ◽  
Forest Certification ◽  
Sustainable Business ◽  
Good Communication

Forest certification plays a notable role in promoting sustainability. This certification shows that forestland holders have adopted innovative practices toward realizing sustainable business models. Relatively little analysis has been devoted to identifying the efforts of transforming a conventional business model into a sustainable version through the application of forest certification. This paper examines the elements of a sustainable business model: value proposition, value creation and delivery, and value capture in certified forestland holders’ business operations. Empirical results have confirmed that certification signifies a successful sustainability transformation within adopting firms. However, these small organizations struggle with obtaining know-how regarding sustainable forest management. There needs to be adequate external support, such as government consultants or academic researchers, in order to successfully adopt third-party forest certification. However, while practicing sustainable forest management activities will not guarantee premium prices, the certification has, in some rare cases, helped to develop a new niche market. Good communication with stakeholders has improved firms’ relationships with local residents, but more channels of communication are still needed to activate green consumers.

scholarly journals Key elements of an entrepreneurial (business) model in the biogas sector. Insights from Romania

2018 ◽  
Vol 12 (1) ◽  
pp. 209-228 ◽  
Author(s):  
Roxana Clodnițchi ◽  
Alexandra Cătălina Nedelcu
Keyword(s):  
Renewable Energy ◽  
Empirical Research ◽  
Business Model ◽  
Business Models ◽  
Recent Literature ◽  
Research Result ◽  
Energy Field ◽  
The Past ◽  
Business Modelling ◽  
Technology Cycles

Abstract The current volatile economic environment and the evermore shorter technology cycles impact the way business is done today, especially in an emerging field like the renewable energy sector. Business modelling proves itself as an instrument, which may impact decisively the success or failure of a business. The aim of this article is to identify and present the key elements defining entrepreneurial models in the renewable energy field, as resulted from a synthesis of the recent literature available in journals indexed in international databases of mainstream publications about business models and entrepreneurial models as well as from empirical research performed in the past five years. The research result consists in a systematisation on past approaches on business modelling and the development and adaptation of the entrepreneurial model’s definition specific for the biogas sector.

Business Models in the Renewable Energy Industry

2021 ◽  
pp. 1405-1438
Author(s):  
Adrian Dumitru Tantau ◽  
Laurenţiu Cătălin Frăţilă
Keyword(s):  
Renewable Energy ◽  
Business Model ◽  
Business Models ◽  
New Technologies ◽  
Energy Systems ◽  
Added Value ◽  
Low Carbon Economy ◽  
Energy Field ◽  
New Business ◽  
Decentralized Energy

Business models in the energy field are continuously developed in parallel with the transformation stages of the energy systems from the decentralized energy systems to centralized energy systems, to distributed energy systems and to smart energy systems. Concerning different specific approaches to business models we have selected a structure that helps the understanding of the main elements of a business model and also its specificity for renewable energy. The business models based on added value and the innovation as main added value represent the core of this chapter. The global trend to clean energy, to a low carbon economy and the related new technologies and new life standards represent opportunities that could be used by entrepreneurs in order to develop and implement new business ideas. The process of business ideas development is analyzed starting with creativity technics and it also includes also innovative measures to protect new business ideas. The main objective of this chapter is to understand the importance of business models and to know how to develop a business model with its specificity for the renewable energy field.

scholarly journals Collaborative consumption: business model opportunities and barriers for fashion libraries

2015 ◽  
Vol 19 (3) ◽  
pp. 258-273 ◽  
Author(s):  
Esben Rahbek Gjerdrum Pedersen ◽  
Sarah Netter
Keyword(s):  
Business Model ◽  
Business Models ◽  
Small Scale ◽  
Fashion Industry ◽  
Collaborative Consumption ◽  
Content Type ◽  
New Business ◽  
Multiple Case ◽  
Barriers And Opportunities

Purpose – The purpose of this paper is to explore barriers and opportunities for business models based on the ideas of collaborative consumption within the fashion industry. Design/methodology/approach – The analysis is based on a multiple-case study of Scandinavian fashion libraries – a new, clothes-sharing concept that has emerged as a fashion niche within the last decade. Findings – It is concluded that fashion libraries offers interesting perspectives, e.g. by allowing people to experiment with styles without having to pay the full cost and becoming a meeting place for young designers and end consumers. However, at present fashion libraries remain a small-scale phenomenon with difficulties reaching the mainstream market, not least due to limited financial and human resources as well as conventional fashion consumption patterns. Research limitations/implications – The study is limited to the new phenomenon of fashion libraries and does not cover other types of collaborative consumption within the fashion industry (Swap-parties, etc.). Originality/value – The paper is one of the first attempts to examine new business models of collaborative consumption in general and the fashion library concept in particular. The study contributes to the discussions of whether and how fashion sharing and collaboration holds promise as a viable business model and as a means to promote sustainability.

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