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Business Model Innovation Approach for Commercializing Smart Grid Systems
Swedish National Road and Transport Research Institute, Traffic and road users, Vehicle Systems and Driving Simulation.. Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL), Högskolan i Halmstad, Sverige.ORCID iD: 0000-0003-2407-6432
Centrum för innovations-, entreprenörskaps- och lärandeforskning (CIEL), Högskolan i Halmstad, Sverige.ORCID iD: 0000-0003-2111-5977
2018 (English)In: American Journal of Industrial and Business Management, ISSN 2164-5167, E-ISSN 2164-5175, Vol. 8, no 9, p. 2007-2051Article in journal (Refereed) Published
Abstract [en]

To investigate the reasons for shifting from the old to the new energy system, the impact of this disruptive technology on energy providing firms, the demand for the new business model and the approach of the new business model in terms of creating and capturing values published peer-reviewed articles, and international energy agency reports have been reviewed. This paper encourages energy providing firms to redesign business models for commercializing new energy distribution system and to offer new services to the energy consumers for their future survival in the new trends of the energy market. These services include integrating with renewable energy sources, electric vehicle services, and demand response services to create more value for the consumers and in return gains more profit for each actor.

The services provided through integration of renewable energy with smart grid and the electric vehicle will empower consumers involvement in the electricity system which will give them more control over electricity. CO2 production will be reduced, helping to create a clean environment and will enable operators to improve grid security and network stability. Finally, demand response services will provide multiple electricity package options to the consumers in which they can select an appropriate package according to their need which will give them more control over their electricity bill. System operators can optimize their grid operations to provide better power quality, and service providers can increase their income by offering additional services.

Place, publisher, year, edition, pages
Scientific Research Publishing, 2018. Vol. 8, no 9, p. 2007-2051
Keywords [en]
Smart Grids, Electricity Firms, Business Models, Disruptive Technology, Sustainable Energy
National Category
Economics Energy Systems
Identifiers
URN: urn:nbn:se:vti:diva-19928DOI: 10.4236/ajibm.2018.89134OAI: oai:DiVA.org:vti-19928DiVA, id: diva2:1802388
Available from: 2023-10-04 Created: 2023-10-04 Last updated: 2023-10-04Bibliographically approved
In thesis
1. Sustainable Electromobility: A System Approach to Transformation of Transportation
Open this publication in new window or tab >>Sustainable Electromobility: A System Approach to Transformation of Transportation
2023 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis aims to explore, analyze, and develop knowledge that leads to an understanding of identifying the key actors and their symbiotic relationships and dependencies in transforming the energy and transportation system from fossil-based to renewable and fossil fuel-powered vehicles to electric. 

The research was explorative and categorized into two studies. The Study – I focuses on the technological development that leads toward transforming from the old fossil-based analog electricity generation and distribution system to the new digitalized renewable system. This study further explores the impact of these disruptive technologies on the market and society, and the challenges hindering the implementation and adoption of the new energy system. Study – II focuses on developing new knowledge and understanding by integrating technological, political, societal, and economic aspects into one model and named it a 'multidimensional readiness index model.' This model can serve as an analytical tool and provide a broader perspective for exploring, analyzing, evaluating, and determining the countries' positions in transforming the transformation system. The model has been applied to eight countries, two from Asia (China and India) and Australia and five from Europe (Germany, Norway, Sweden, Slovenia, and the UK). The kappa synthesizes the exploration of the papers. Additionally, the system approach is applied to explore and understand the symbiotic relationship in the new ecosystem among the key actors and stakeholders and their significant role in transforming the transportation system from fossil-based to electric. 

The main conclusion is that the countries with a higher symbiotic relationship among the key actors achieved a higher level of readiness in transforming the transportation system. In contrast, other countries with a low symbiotic relationship among the key actors are slowly catching up or even far behind in transforming the transportation system towards electrification.

Place, publisher, year, edition, pages
Halmstad: Halmstad University Press, 2023. p. 164
Series
Halmstad University Dissertations ; 99
Keywords
Energy system, Transportation System, System Approach, Symbiotic Business Model, Innovation Ecosystem, Technology Readiness, Political Readiness, Societal Readiness, Economic Readiness
National Category
Energy Systems Other Social Sciences not elsewhere specified
Identifiers
urn:nbn:se:vti:diva-19925 (URN)978-91-89587-11-3 (ISBN)978-91-89587-10-6 (ISBN)
Public defence
2023-09-15, R4129, House R, Halmstad University, 09:10 (English)
Opponent
Supervisors
Available from: 2023-10-04 Created: 2023-10-04 Last updated: 2023-10-04Bibliographically approved

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Bhatti, Harrison JohnDanilovic, Mike

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