Value Creation with Wood-Based Energy Business Models

2013 ◽  
pp. 1560-1575
Author(s):  
Wim Westerman ◽  
Jeffrey Paays ◽  
Satu Pätäri
Keyword(s):  
Value Creation ◽  
Delphi Study ◽  
Dynamic Capabilities ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Paper Industry ◽  
Economic Value ◽  
Energy Sources ◽  
Positioning Analysis ◽  
Multiple Experts

Renewable energy sources are increasingly coming into use. This notably counts for non-food based biomass sources, including those producing wood-based energy. A firm that (re-)directs activities to this area can potentially create value. The external and internal environment of the firm sets the outline for the value creation potential. Important in the value creation process are dynamic capabilities to alter resource bases. The authors show this with an example in the mature Finnish pulp and paper industry. A Delphi study helps to identify the main industry- and company-level factors that influence the forest-based energy sector, its value-creation potential, and the future roles of forest and energy companies in it. The results of a study on a power plant in The Netherlands shows how the economic value creation for a specific firm can be assessed. The plant is designed to “vaporize” biomass input, in our case so-called “B-wood,” to a bio-oil that can be used to generate Green Power. The economic value analysis draws upon a risk-oriented production unit positioning analysis that is modeled with multiple scenarios. The results show that innovative business models can fruitfully be identified with multiple experts in sophisticated Delphi rounds and dynamic resource-based approaches appear promising. The authors also find that bio-refinery production chains are economically feasible with relatively small production units with multiple applications. The chapter gives way to a management view that integrates resource-based and economic value perspectives on wood-based energy sources for firms. In that sense, it adds to the literature on value creation with innovative business models.

Value Creation with Wood-Based Energy Business Models

2013 ◽  
pp. 292-306 ◽  
Author(s):  
Wim Westerman ◽  
Jeffrey Paays ◽  
Satu Pätäri
Keyword(s):  
Value Creation ◽  
Delphi Study ◽  
Dynamic Capabilities ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Paper Industry ◽  
Economic Value ◽  
Energy Sources ◽  
Positioning Analysis ◽  
Multiple Experts

Renewable energy sources are increasingly coming into use. This notably counts for non-food based biomass sources, including those producing wood-based energy. A firm that (re-)directs activities to this area can potentially create value. The external and internal environment of the firm sets the outline for the value creation potential. Important in the value creation process are dynamic capabilities to alter resource bases. The authors show this with an example in the mature Finnish pulp and paper industry. A Delphi study helps to identify the main industry- and company-level factors that influence the forest-based energy sector, its value-creation potential, and the future roles of forest and energy companies in it. The results of a study on a power plant in The Netherlands shows how the economic value creation for a specific firm can be assessed. The plant is designed to “vaporize” biomass input, in our case so-called “B-wood,” to a bio-oil that can be used to generate Green Power. The economic value analysis draws upon a risk-oriented production unit positioning analysis that is modeled with multiple scenarios. The results show that innovative business models can fruitfully be identified with multiple experts in sophisticated Delphi rounds and dynamic resource-based approaches appear promising. The authors also find that bio-refinery production chains are economically feasible with relatively small production units with multiple applications. The chapter gives way to a management view that integrates resource-based and economic value perspectives on wood-based energy sources for firms. In that sense, it adds to the literature on value creation with innovative business models.

scholarly journals Digital Government: Business Model Development For Public Value Creation - A Dynamic Capabilities Based Framework

2021 ◽  
Vol 45 (3) ◽  
pp. 232-255
Author(s):  
Bernd Wirtz ◽  
Paul Langer ◽  
Florian Schmidt
Keyword(s):  
Public Sector ◽  
Business Model ◽  
Value Creation ◽  
Dynamic Capabilities ◽  
Business Models ◽  
Model Development ◽  
Digital Government ◽  
Public Value ◽  
The Public ◽  
Business Model Development

Rapid advances and the spread of digital technologies have changed the expectations of citizens, firms and organizations towards government services, which increasingly receive the call to transform services and structures according to changed needs and preferences. The concept of business model development provides a suitable approach for public institutions aiming at adjusting their services and operations. Since government institutions increasingly develop new services and products, this study provides a theoretic foundation to operational readiness as well as a guideline how to set up digital business models in a public sector context. Therefore, a framework is derived from conceptual studies in the field as well as related theoretical concepts such as business model theory in the public sector context, dynamic capacities and public value creation. Building on this foundation this study conceptualizes a process of business model development to create user oriented digital services in the public sector.

Siemens' Value-Driver Tree in Digitalization

2021 ◽  
pp. 197-220
Author(s):  
Cozmiuc Claudia Diana
Keyword(s):  
Value Creation ◽  
Business Models ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Sufficient Data ◽  
Product Lifecycle ◽  
Open Networks ◽  
Start Ups

This chapter is a descriptive and explicative case study about value creation at Siemens in an uncertain and in a certain environment. Siemens has implemented economic value-added-based management since 1998. The empirical data analysis highlights value creation at Siemens at the beginning of the innovation lifecycle, when the environment is uncertain, and at the end of the innovation lifecycle, when contracts are signed, and the environment becomes predictable. Innovation is first placed in open networks, in which start-ups are essential, to which venture capital is allocated using business models. This is the ideation stage of the product lifecycle, when competitive advantage, the essence of value creation in both theory and the Siemens example, is created. Innovation matures, and Siemens closes contracts with customers about existing customer offerings. These contracts are managed as projects and funded with equity and debt. This is the stage when sufficient data exists to plan economic value added, the focus of Siemens' corporate governance.

scholarly journals Ancillary Services Offered by Distributed Renewable Energy Sources at the Distribution Grid Level: An Attempt at Proper Definition and Quantification

2020 ◽  
Vol 10 (20) ◽  
pp. 7106
Author(s):  
Charis S. Demoulias ◽  
Kyriaki-Nefeli D. Malamaki ◽  
Spyros Gkavanoudis ◽  
Juan Manuel Mauricio ◽  
Georgios C. Kryonidis ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Business Models ◽  
Reactive Power ◽  
Renewable Energy Sources ◽  
Voltage Regulation ◽  
Ancillary Services ◽  
Energy Sources ◽  
Distribution Grid ◽  
Support Functions

The gradual displacement of synchronous generators driven by conventional power plants, due to the increasing penetration of distributed renewable energy sources (DRES) in distribution grids, is creating a shortage of crucial ancillary services (AS) which are vital for the frequency and voltage stability of the grid. These AS, and some new ones, could now be offered by the DRES, particularly those that are converter interfaced, in a coordinated way in order to preserve the grid stability and resilience. Although recent standards and grid codes specify that the DRES exhibit some system support functions, there are no specifications on how to measure and quantify (M & Q) them both at DRES level and in aggregated form. The M & Q of AS is crucial, since it would allow the AS to be treated as tradable AS in the current and future AS markets. This paper attempts to define a number of AS that can be offered by converter-interfaced DRES and suggests methods for their M & Q. The new AS addressed are: (1) inertial response; (2) primary frequency response; (3) active power smoothing (ramp-rate limitation); (4) exchange of reactive power for voltage regulation; (5) fault-ride-through (FRT) and contribution to fault clearing; (6) voltage harmonic mitigation. Additionally, a rough estimation of the additional investment and operational cost, as well as the financial benefits associated with each AS is provided in order to form the basis for the development of business models around each AS in the near future.

scholarly journals The Circular Economy at Enel X

2020 ◽  
pp. 101
Author(s):  
Nicola Tagliafierro
Keyword(s):  
Renewable Energy ◽  
Value Chain ◽  
Circular Economy ◽  
Paradigm Shift ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Life Cycles ◽  
Energy Sources ◽  
Product Portfolio ◽  
Sustainable Business

Enel X is leading the transition toward a sustainable business model, with the circular economy as an important pillar. Using renewable energy sources and materials, extending product life cycles, creating sharing platforms, reuse and regeneration, rethinking products as services. The principles of the circular economy have become essential, considering the paradigm shift overturning the traditional linear economic model. Enel X was one of the first businesses to offer products on the market that concretely apply the five business models of the circular economy and reconsider the entire value chain from a sustainability perspective. This approach is characterized by two core principles: 1.  the first, addressed internally, focuses on the business’s product portfolio, which ranges from “measuring” circularity to identifying solutions for improvement; 2.  the second is directed toward the outside, and especially toward industrial customers and public administrations or end customers, with the goal of evaluating their level of “circularity” and helping them outline a roadmap to circularity.

scholarly journals Evaluation of Tea Factory Wastes in Energy and Other Areas - A Review

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Saliha Özarslan ◽  
M. Raşit Atelge ◽  
Mustafa Kaya ◽  
Sebahattin Ünalan
Keyword(s):  
Alternative Energy ◽  
Building Materials ◽  
Renewable Energy Sources ◽  
Economic Value ◽  
Animal Husbandry ◽  
Black Tea ◽  
Energy Sources ◽  
Alternative Energy Sources ◽  
Biomass Resources ◽  
Sustainable Renewable Energy

Today, orientation towards alternative energy sources has gained great importance. Biomass resources are easily available, plentiful, inexpensive, environmentally friendly and sustainable renewable energy sources. Biomass resources have the potential to be used not only for energy production but also in many different fields. One of the sources of biomass is the tea factory wastes (TFW) released during black tea production. This resource, which has no economic value, can be used in many different fields and forms. In this study, these studies made with tea factory wastes were compiled and gathered under five main headings. These are agriculture and animal husbandry, building materials, environment, energy and chemistry. It is thought that examining the studies in this way will be a guide to fill the existing gaps in the literature and lead to development.

scholarly journals Digital Technology Platforms as an Innovative Tool for the Implementation of Renewable Energy Sources

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 7877
Author(s):  
Krzysztof Bartczak
Keyword(s):  
Renewable Energy ◽  
Digital Technology ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Computer Assisted ◽  
Related Factor ◽  
Technology Platforms ◽  
Innovative Tool ◽  
The Subject

The subject matter addressed in the paper concerns digital technology platforms in the context of renewable energy sources. The main goal is to check whether digital technology platforms can be effective factors in implementing innovative business models in the RES sector. The study was based on empirical research using Computer-Assisted Telephone Interview (CATI) and Computer-Assisted Web Interview (CAWI) methods, as well as on a model of attitudes towards digital technology platforms (DTPs) built using CATREG (categorical regression) analysis. As a result of the research, it was found that digital technology platforms contribute to building innovative business models. The decisive influence on this is a number of benefits for enterprises and consumers (and the related factor is the most important when it comes to attitudes towards DTP), as well as the high interest in digital RES platforms.

Business Models With H2

2017 ◽  
pp. 85-120
Keyword(s):  
Energy Source ◽  
Renewable Energy ◽  
Environmental Impact ◽  
Business Models ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy Sources ◽  
Energy Prices ◽  
In The Beginning

Energy transition from a carbon energy driven world to a decarbonized world (H2) is essential for the living for our next generations. Our existing energy source with contents in the beginning (1850) nearly only the element C are used with all their consequences for the burning process and environmental impact. Nowadays the C element in our present energy sources are getting less and less. The environmental impact using fossil energy is huge and with the climate change more and more deadly for the inhabitants on the earth. Producing H2 as a sustainable and renewable energy is only possible using renewable energy sources like PV, Wind, Hydro, Biomass. With today's technology and the constant falling energy prices since the last 20 years H2 is now an alternative secondary energy source for a substitute for fossil sources. Using H2 will give new and unique business advantages. With these business advantages, new and innovative business models can be designed and developed. These novel approaches can be very sensitive to external influences. This destructives situations are making these BM very fragile. Finding ways to stabilize these on a long term without aid from the outside the key for success are new innovative technologies and new innovative BM.

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